According to @cas_abbe, South Korea’s largest crypto exchange Upbit is preparing for a Nasdaq IPO, a rare event with only a handful of major exchanges having reached U.S. markets; if completed, it would be the third major crypto exchange to list in the U.S. and the first from Asia, source: @cas_abbe. The listing would impose stricter disclosure, transparency, and regulatory standards, which could increase trust across the crypto sector and signal exchanges are maturing into full financial businesses, source: @cas_abbe. @cas_abbe adds that a Nasdaq debut would give U.S. institutions direct exposure to a high-volume foreign venue and that global regulators tend to follow Nasdaq signals, potentially bolstering overall crypto market confidence, source: @cas_abbe.

According to EmberCN, there is a lack of transparency regarding whether transactions are executed within exchanges, which may impact traders' ability to make informed decisions.