2026-01-20 01:27:58

The reform proposal for settlement methods issued by the exchange is not just a simple rule change. It is a movement to fundamentally reshape the structure of the financial markets.

The concept of "trade date" that has existed for over 300 years is finally approaching a historic turning point.

Why is such a large-scale institutional reform being implemented at this particular moment? It is worth exploring the background and implications.

The transition to D+0 settlement will have a profound impact on overall market liquidity, risk management, and settlement efficiency. For financial institutions and traders who have relied on the traditional trading system, this will be an unavoidable transformation.

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ChainComedian

· 11h ago

Things that have been around for three hundred years can disappear just like that. Let's see how many institutions are going to go bankrupt haha --- D+0? Sounds impressive, but probably only a few can truly adapt --- Another major financial reshuffle, and the retail investors are about to be cut again --- Compliance costs are skyrocketing, small exchanges are directly退出? That's a bit intense --- Basically, it's because the technology has advanced, and the old system has to be demolished and rebuilt --- Brothers are still studying K-line charts, but the制度 has changed. Are they forcing us to upgrade?

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MEVictim

· 11h ago

Is this reform really coming? D+0... Old crypto people are all tired of it, now it's the traditional finance's turn to stir things up. The 300-year-old concept collapsing overnight, this pace is a bit刺激. Wait, can liquidity really improve? Why do I feel it might get messier? Financial institutions will definitely blow up, those rushing to run away are all there. No matter how nicely you say it, you're just paving the way for yourself, don't be fooled. In the end, this thing still has to rely on on-chain data to speak.

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BearMarketSurvivor

· 11h ago

D+0 settlement trick, to put it simply, is cutting our reaction time. Veterans know that the shorter the supply line, the more dangerous the battlefield.

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TradFiRefugee

· 11h ago

Wow, D+0 settlement is really coming? Traditional financial institutions are going to cry now. The 300-year-old rules have been broken overnight, it feels more like Web3 is fighting back against TradFi. Old crypto folks can finally watch the show this time. I really want to see how those who call us crazy will adapt. If liquidity explodes, will small retail investors have a chance or will they be harvested again? Wait, is this real reform or just another big satellite balloon... Honestly, it doesn't seem that simple. There must be some sneaky way to harvest the leeks somewhere.

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ZkSnarker

· 11h ago

ngl, d+0 settlement hitting different when you realize centuries of financial infrastructure just becomes... optional? wild that we're finally torching the settlement lag like it's 2024 or something

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ChainSauceMaster

· 11h ago

Wow, D+0 settlement is really here? Traditional financial institutions are going to go crazy now. Wait, the 300-year-old rules suddenly changed overnight? Feels like there will be trouble. Liquidity has surged, but the risks are skyrocketing too... Who will come to the rescue? If old projects are still using the settlement mechanism, they need to upgrade quickly, or they'll be out of the game. This pace of reform is a bit aggressive; will there be minor adjustments later on... The bad news is having to relearn everything; the good news is that arbitrage opportunities are here haha. No, why are exchanges doing this at this time? The market probably isn't ready yet. Can the current risk control keep up with the speed of D+0? Feels like there might be pitfalls. Suddenly shifting to real-time settlement, small and medium institutions are getting stuck. This wave of reform is intensifying the 80/20 split, with big players rejoicing and small traders trembling. Innovations at the settlement layer are always brewing beneath the surface... Many on-chain projects have already been working on this.

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