Kraken and Bybit can now buy spot US stocks, but the gameplay is still the same as many offshore financial platforms, except that the margin has changed from fiat currency to cryptocurrency. If this proxy US stock trading only has spot currency, it will definitely be subsidized by the platform. Now this topic is hot, to do some hype and attract traffic, on the one hand, it also wants to block users in the cryptocurrency circle who are preparing to flow to US stock cryptocurrencies. If a cryptocurrency trading platform wants to make money, it will eventually move towards the step of using differential contracts. But no matter what, this matter is definitely beneficial for the cryptocurrency stocks of the US stock market, because it is a direct link between cryptocurrency and the US stock market. Be optimistic about coin, hook, and other pullbacks. At the beginning of 2019, our company established a cryptocurrency and stock trading platform, which was led by me at that time. However, when our platform was just launched, the owner of Biss, the largest cryptocurrency and stock trading company in China, was arrested. We were also quite scared at the time and there was no need to take risks to do the company's business, so we decided not to do it. Kraken and Bybit's cryptocurrency and stock spot trading can be played with by those with accounts, but for large funds and high frequencies, it is necessary to open a US stock account. Order book is the biggest problem for this type of proxy US stock trading. At the end of 2015, I bought US stocks for the first time on a platform called "Meibao Finance". I bought my first US stock, Yiren Loan. At first, spot orders could be submitted to the exchange, but later things started to go wrong and I often couldn't keep up. Orders were disconnected, and later I was targeted by regulators and didn't run away. The platform closed down. At first, it was spot trading to attract traffic, and later it became a CFD platform with more than ten people, earning several million dollars a month. Xue Manzi invested in it, so it was fortunate that he didn't run away.