How Did the Multi-Trillion Dollar Trading Industry Change in DeFi Times?

The DeFi hype opened a more useful understanding of DLT power. But while everybody is hyping around lending money, there is a huge leap forward happening in the trading industry in parallel. The technical part with charting, alerts, indicators, and strategies is long covered by industry leader TradingView. However, we need to add 2 more crucial parts of the landscape into the equation to cover the full specter of services that used to be exclusively covered by brokerage houses: different types of trade executions and customer representation in the capital market.It is well-known that an investor no longer needs a brokerage house to be able to access exchanges and execute trades on crypto markets. Yet, not so long ago, there were other pro-level trading services still absent from the crypto market. What is replacing the brokerage houses in crypto space today? Who is creating the crypto trading industry guidelines? And, is there something left for brokerage houses in crypto?Services comparison Crypto Vs TraditionalThe computer revolution, 1980–2000…Brokerage houses already had their computers and software that let them process more and more orders. As such, they were able to serve a wider audience of clients, smaller investors. These were the times when more people started investing. It is obvious why they couldn’t access the exchanges directly — because it was physically (or should I say — digitally) impossible.Everybody had the interest to accumulate more money, investor’s money. And the laws already existed before — protecting investors, stating that only licensed people and organizations could access exchanges. Those organizations are called brokerage houses and licensed professionals, brokers. This means that they were the only ones that had the right to serve their clients with consultancy and execute trades at the same time.And what was there for the clients to access directly — without…