The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

In a report published last week, UBS Global Wealth Management warned that global regulators, especially in the United States and the United Kingdom, will implement stricter cryptocurrency regulations.
UBS analysts wrote: "China's latest crackdown - extending to miners, banks, electronic payment networks and social media - hurts cryptocurrency prices and operators. Regulators have proven that they can and will crack down on cryptocurrencies... Therefore, we recommend that investors stay sober and build portfolios around lower-risk assets."

Analysts added: "We have long warned that a shift in investor sentiment or a regulatory crackdown could cause the frothy crypto market to burst. We believe investors should avoid crypto speculation and consider risk-adjusted returns before buying alternative assets."

The bank noted that many regulators around the world have begun to increase supervision of the crypto market. Recently, China has been cracking down on Bitcoin mining and payments.

Canadian regulators have sent notices to, and regulators in Japan, the United Kingdom, the Cayman Islands and Thailand have targeted global cryptocurrency exchanges.

The United Kingdom has imposed strict registration requirements on cryptocurrency exchanges, resulting in 64 companies withdrawing their registration applications. In South Korea, most small exchanges are at risk of having to shut down operations due to strict regulations and banking requirements.

UBS analysts further described: "Trading in cryptocurrencies, for example with 50x or 100x leverage, is fundamentally at odds with mainstream financial regulation."
They warned: "While we cannot rule out the possibility of future price increases in cryptocurrencies, we believe this is a speculative market that poses significant risks to professional investors."

However, the bank reportedly recognizes that some clients want exposure to cryptocurrencies, especially Bitcoin, and is rumored to be considering offering crypto services to wealthy clients.

A growing number of investment banks are already doing this, including Goldman Sachs, Morgan Stanley, Citigroup, Standard Chartered and DBS.