Exchange listing is not a multiple-choice question; it is a mandatory question.

【Chain Wen】Do top-tier exchanges still need to consider going public? The answer to this question might be more definitive than you think. Industry insiders point out that for truly leading exchanges, going public is not just a choice—it’s a question they must answer. The logic behind this is simple: whether or not to pursue a public listing largely tests whether you are a “real company.” Conversely, if an exchange has never considered going public, its compliance status certainly warrants suspicion. What does going public represent? It signifies accepting stricter information disclosure, adhering to more standardized governance, and undergoing the market’s genuine test. For industries with increasing requirements for risk management and compliance, this exam is inevitable sooner or later. Instead of passively responding, it’s better to proactively embrace it, viewing going public as a way to improve governance and earn market trust.