Institutional-grade crypto trading platforms are redefining the market landscape. An interesting sector trend is the development of hybrid exchanges that can bridge traditional finance and Web3—supporting both traditional asset trading and integrating RWA (Real-World Asset Tokenization) with crypto assets, truly enabling interoperability between TradFi and Web3. The market potential for such platforms is highly imaginative, with valuation prospects ranging from $100,000 to $250,000 or even higher. As more institutional investors enter Web3, the demand for this kind of cross-sector trading infrastructure will only become more apparent.