Since 2013, a leading exchange has become deeply integrated into the development trajectory of the Chinese crypto ecosystem. Over more than a decade of market accumulation, it has established a quite solid position within the industry—regardless of how the crypto world changes, this name always represents an important historical memory. Early participants witnessed its growth, and later users experienced the market fluctuations on its platform. This long-term market recognition and user base, to some extent, reflect the preferences of Chinese cryptocurrency participants and the stage-specific characteristics of industry development.