On January 28, 2026, after several days of surge in the gold, silver, and precious metals sector, exchanges in the crypto world have increasingly added related trading targets for gold and silver. It seems that the crypto industry is gradually transitioning from simply "trading cryptocurrencies" to the legendary "trading everything." In theory, exchanges can list any trading product as long as the asset has continuous liquidity and a pricing basis. This is the true meaning of "everything." A narrower concept is the well-known RWA (Real World Assets). Whether it’s gold, silver, or stocks, tokenization is used to solve issues of ownership and circulation. This is the RWA mindset. Currently, this approach appears to be being tested by centralized exchanges. However, there is some controversy: when stocks are tokenized, should the increased trading volume and market growth be considered part of the stock market or included in the crypto market? What is certain is that the transaction fees are indeed collected by the crypto platforms.