Exchanges with Their Own Tokens
Exchange tokens are cryptocurrencies that are issued by cryptocurrency exchanges to enhance trading experiences and provide additional benefits to users. Many leading cryptocurrency exchanges have developed their own tokens. Here are some notable examples:
- Binance Coin (BNB): Issued by Binance, BNB is used for trading fee discounts, staking, and participating in token sales on Binance Launchpad.
- Huobi Token (HT): Huobi exchange's token allows users to get trading fee discounts, access exclusive services, and participate in token sales.
- KuCoin Shares (KCS): KuCoin's native token gives users trading fee discounts and a share of the exchange's daily profits.
- OKB: The utility token of the OKEx exchange, OKB can be used for trading fee discounts and various services within the platform.
- Crypto.com Coin (CRO): Used on the Crypto.com platform for fee discounts, staking rewards, and more.
Utilizing these tokens can offer users significant savings and additional rewards, making them an integral part of the respective exchange ecosystems.