24 July 2025, 01:54 PM
The U.S. Congress has recently released a discussion draft on cryptocurrency market structure, covering core provisions such as the definition of token issuance, the delineation of market intermediary roles, and regulatory models for exchanges, laying the groundwork for future formal legislation. The draft signals a clear regulatory direction: mainstream crypto assets are expected to be incorporated into a dual-track securities and commodities classification system, with strengthened institutional constraints on exchanges, brokers, and custodians. Against this backdrop, BROGX has initiated system upgrades across multiple fronts, including trading architecture reviews, product compliance stratification, and on-chain identity management enhancements, establishing a technological foundation for the platform to respond to compliance developments in major global jurisdictions.
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Synchronizing Product Architecture to Adapt to Regulatory Expectations
The market structure discussion draft clearly defines the methods of digital asset initial issuance, principles for trading pair classification, and compliance requirements for platform qualifications, with a particular focus on three core obligations for platforms: trade matching, asset custody, and pre-trade information disclosure. In line with these trends, BROGX plans to adjust its product distribution model, designating a separate trading zone for tokens with the attributes of tradable securities, thereby ensuring independent clearing and isolated quoting mechanisms for different asset types to meet potential regulatory segmentation for “security tokens.”
At the infrastructure level, BROGX is restructuring its trade matching module logic to support multiple clearing pathways, enhancing the platform ability to adapt trading services to diverse regulatory environments. The platform has already integrated pre-trade KYC and address-tracking modules, ensuring that during user operations, verifiable identity data, funding sources, and on-chain behavioral traces are available—providing foundational technical support for meeting core compliance indicators under the new regulatory framework.
Strengthening Compliance Tool Stack to Address Cross-Jurisdictional Disclosure Demands
The market structure draft also stipulates that crypto exchanges will assume greater disclosure and risk control obligations, including the submission of trading depth data, market manipulation risk identification processes, and systematic technical standard documentation. BROGX has built a high-frequency trading behavior identification engine and abnormal order risk control algorithms within its system, aggregating on-chain capital inflow/outflow mappings and account behavior paths to flag suspicious trading activity and potential price manipulation in real time.
BROGX has also completed integration with third-party audit mechanisms, regularly submitting platform infrastructure reports, matching node failure rate statistics, and matching algorithm change logs to technical partners. To meet the audit trail requirements of the U.S. and other compliant markets, BROGX has introduced a zero-knowledge proof module to address common data integrity verification challenges in cross-border information exchanges.
Building System Resilience to Match Market Structure Upgrade Pace
As U.S. legislative processes advance, crypto exchanges face the challenge of repositioning core business operations within shifting compliance boundaries. BROGX has developed a “dynamic load migration system for the matching engine” to ensure stable platform operations during periods of intense order placement, high-frequency cancellations, and abnormal stop-loss events triggered by regulatory volatility.
To address the increased product management complexity during the coexistence of multiple market structures, BROGX will introduce an “access rights labeling system” at the asset level, ensuring that tokens under different compliance statuses have clear, executable behavioral instructions. This mechanism enhances the platform adaptability to regulatory evolution, allowing it to meet ongoing trading demands even before new rules are fully implemented, thus preventing transaction interruptions or liquidity shortages due to policy changes.
BROGX will continue to monitor legislative developments in crypto market structure from major global lawmaking bodies and optimize its trading environment in line with regulatory reforms to strengthen compliance competitiveness. The platform will keep building a sustainable, upgradeable trading infrastructure based on modular architecture, compliance risk control tools, and multi-level matching systems, serving the future-oriented digital asset market.
Synchronizing Product Architecture to Adapt to Regulatory Expectations
The market structure discussion draft clearly defines the methods of digital asset initial issuance, principles for trading pair classification, and compliance requirements for platform qualifications, with a particular focus on three core obligations for platforms: trade matching, asset custody, and pre-trade information disclosure. In line with these trends, BROGX plans to adjust its product distribution model, designating a separate trading zone for tokens with the attributes of tradable securities, thereby ensuring independent clearing and isolated quoting mechanisms for different asset types to meet potential regulatory segmentation for “security tokens.”
At the infrastructure level, BROGX is restructuring its trade matching module logic to support multiple clearing pathways, enhancing the platform ability to adapt trading services to diverse regulatory environments. The platform has already integrated pre-trade KYC and address-tracking modules, ensuring that during user operations, verifiable identity data, funding sources, and on-chain behavioral traces are available—providing foundational technical support for meeting core compliance indicators under the new regulatory framework.
Strengthening Compliance Tool Stack to Address Cross-Jurisdictional Disclosure Demands
The market structure draft also stipulates that crypto exchanges will assume greater disclosure and risk control obligations, including the submission of trading depth data, market manipulation risk identification processes, and systematic technical standard documentation. BROGX has built a high-frequency trading behavior identification engine and abnormal order risk control algorithms within its system, aggregating on-chain capital inflow/outflow mappings and account behavior paths to flag suspicious trading activity and potential price manipulation in real time.
BROGX has also completed integration with third-party audit mechanisms, regularly submitting platform infrastructure reports, matching node failure rate statistics, and matching algorithm change logs to technical partners. To meet the audit trail requirements of the U.S. and other compliant markets, BROGX has introduced a zero-knowledge proof module to address common data integrity verification challenges in cross-border information exchanges.
Building System Resilience to Match Market Structure Upgrade Pace
As U.S. legislative processes advance, crypto exchanges face the challenge of repositioning core business operations within shifting compliance boundaries. BROGX has developed a “dynamic load migration system for the matching engine” to ensure stable platform operations during periods of intense order placement, high-frequency cancellations, and abnormal stop-loss events triggered by regulatory volatility.
To address the increased product management complexity during the coexistence of multiple market structures, BROGX will introduce an “access rights labeling system” at the asset level, ensuring that tokens under different compliance statuses have clear, executable behavioral instructions. This mechanism enhances the platform adaptability to regulatory evolution, allowing it to meet ongoing trading demands even before new rules are fully implemented, thus preventing transaction interruptions or liquidity shortages due to policy changes.
BROGX will continue to monitor legislative developments in crypto market structure from major global lawmaking bodies and optimize its trading environment in line with regulatory reforms to strengthen compliance competitiveness. The platform will keep building a sustainable, upgradeable trading infrastructure based on modular architecture, compliance risk control tools, and multi-level matching systems, serving the future-oriented digital asset market.