Top Crypto Exchanges and Their Native Coins: A Detailed Guide
Cryptocurrency exchanges have launched their own native tokens to provide various benefits like trading fee discounts, staking rewards, governance rights, and more. These exchange tokens have gained significant popularity and utility within the crypto ecosystem.
In this blog, we will explore the major crypto exchanges and their native coins, analyzing their use cases, benefits, and price potential.
1. Binance (BNB)
- Token Name: Binance Coin (BNB)
- Launch Year: 2017
- Use Cases:
- Trading fee discounts on Binance
- Participation in Binance Launchpad for new token sales
- Staking and liquidity farming
- Paying for transaction fees on Binance Smart Chain (BSC)
- Used in Binance Pay for crypto payments
BNB started at just $0.10 per coin in 2017 and reached an all-time high (ATH) of $686 in May 2021. It remains one of the strongest exchange tokens due to Binance’s dominance in the crypto space.
2. Coinbase (COIN)
- Token Name: Coinbase Stock (COIN)
- Launch Year: 2021 (as a publicly traded stock)
- Use Cases:
- Represents equity in Coinbase, traded on Nasdaq
- Allows indirect exposure to the crypto market without buying crypto
- Used for governance and voting in some Coinbase initiatives
Unlike most exchange tokens, COIN is a stock rather than a cryptocurrency, making it unique.
3. KuCoin (KCS)
- Token Name: KuCoin Token (KCS)
- Launch Year: 2017
- Use Cases:
- Trading fee discounts on KuCoin
- Passive income through KuCoin's daily dividend program (KCS Bonus)
- Participation in KuCoin Spotlight token sales
- Utility in KuCoin’s NFT and metaverse projects
KCS started with a low price and hit an ATH of $28.80 in 2021. The KCS Bonus program, where users holding KCS receive daily rewards, makes it unique.
4. OKX (OKB)
- Token Name: OKB
- Launch Year: 2018
- Use Cases:
- Trading fee discounts on OKX
- Staking rewards and yield farming
- Used in OKX Jumpstart for token launches
- Payment for cloud mining services
OKB has shown steady growth and benefits from OKX’s large user base. Its ATH was $58 in 2023.
5. Huobi (HT)
- Token Name: Huobi Token (HT)
- Launch Year: 2018
- Use Cases:
- Reduced trading fees on Huobi
- Exclusive access to Huobi Prime token sales
- Staking for rewards
- Governance and voting power in Huobi community decisions
HT's price is volatile, but it remains an important token for Huobi users.
6. Crypto.com (CRO)
- Token Name: Cronos (CRO)
- Launch Year: 2018
- Use Cases:
- Staking for Crypto.com Visa Card benefits
- Reduced trading fees on Crypto.com Exchange
- Cashback rewards for Crypto.com Visa Card users
- Governance in Cronos blockchain ecosystem
CRO hit an ATH of $0.97 in November 2021, making it one of the most successful exchange tokens.
7. Bybit (BIT)
- Token Name: BitDAO (BIT)
- Launch Year: 2021
- Use Cases:
- Governance token for BitDAO ecosystem
- Supports DeFi projects and DAOs
- Used in Bybit Launchpad token sales
BIT is more than just an exchange token; it plays a role in decentralized finance (DeFi).
8. Gate.io (GT)
- Token Name: GateToken (GT)
- Launch Year: 2019
- Use Cases:
- Trading fee discounts
- Access to Gate.io Startup (IEO platform)
- Staking and liquidity mining rewards
GT has gained popularity among altcoin traders due to Gate.io's diverse listings.
9. WazirX (WRX)
- Token Name: WazirX Token (WRX)
- Launch Year: 2020
- Use Cases:
- Trading fee discounts on WazirX
- Participation in WazirX token launches
- Staking for additional earnings
WRX saw massive growth in early 2021, reaching an ATH of $5.88, but it has since declined significantly.
10. Bitget (BGB)
- Token Name: Bitget Token (BGB)
- Launch Year: 2022
- Use Cases:
- Trading fee discounts
- Staking for passive income
- Priority access to Bitget events
BGB is relatively new but has potential due to Bitget’s growing user base.
Comparison of Exchange Tokens
Final Thoughts: Which Exchange Coin is Best?
If you’re considering investing in an exchange token, here are some points to consider:
- For long-term growth: BNB, KCS, and CRO have strong use cases and adoption.
- For passive income: KCS provides daily dividends, while CRO offers staking benefits.
- For governance and DeFi involvement: BIT and GT are worth considering.
- For budget-friendly investment: WRX and BGB are lower-cost options with potential.
🔥 Which exchange token do you prefer? Are you holding any of these? Let us know in the comments! 🚀
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