On March 24, according to Theblock, Bernstein analysts stated that as trading platforms and broker/dealer models begin to merge, the crypto industry is moving towards a more integrated "one-stop" multi-asset investment platform. Coinbase is conducting in-depth negotiations to acquire Deribit, Kraken is about to acquire NinjaTrader, and Robinhood is integrating Bitstamp. Analysts led by Gautam Chhugani wrote in a report to clients: "As the regulatory environment relaxes, crypto trading platforms and brokers/dealers are engaging in strong mergers and acquisitions, as traditional brokers seek to offer crypto tokens, and cryptocurrency trading platforms plan to integrate traditional stocks and derivatives."

The US crypto derivatives market has huge growth potential, with offshore markets like perpetual futures being three to four times larger than the spot market. Meanwhile, the US crypto options market is still in its early stages, mainly limited to Bitcoin futures options at the Chicago Mercantile Exchange. As the US SEC and CFTC increase their support for crypto, the spot and derivative crypto product market in the US is expected to expand, which may lead crypto platforms to offer traditional assets, and vice versa, thereby enabling broker platforms to provide a broader range of assets.