Aug 3, 2022 at 05:34Crypto exchanges issue their own tokens to expand their presence in the market, attract new users, etc. Holders of such assets also receive benefits: from discounts on exchange services to exclusive bonuses.
Native tokens also attract investors’ attention because the more popular an exchange is, the more likely its currency will grow in value.
In this piece, we have compiled seven of the most in-demand cryptocurrencies from exchanges, ranked by market capitalization. The data for the piece was taken from CoinMarketCap and is relevant for August 3rd, 2022.
BNB
Market capitalization: $47,028,355,940
Current price: $289,83
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Change in month: +32.89%
BNB is a token from the Binance crypto exchange. It was launched in 2017 with the issue price of $0,11 for 1 BNB.
BNB holders get:
- trading with reduced fees (from 10%);
- participating and paying for inner activities and services of the Binance ecosystem (including Binance Decentralized Exchange);
- special offers from touristic service Travala.com.
UNUS SED LEO
Market capitalization: $4,769,211,861
Current price: $5,00
Change in month: -12,65%
UNUS SED LEO (LEO) is a token from the BitFinex crypto exchange. It was launched in 2019 with the issue price of $1,1 for 1 LEO.
LEO holders get reductions of fees (up to 5%) and other discounts on BitFinex and EthFinex. Also, they get access to the BitFinex Affiliate Program.
FTX Token
Market capitalization: $4,019,602,000
Current price: $29,67
Change in month: +24,25%
FTX Token (FTT) is a token from the FTX crypto exchange. It was launched in 2019 with the issue price of $1,74 for 1 FTT.
FTT holders get:
- discount fees on FTX exchange, depending on the FTT holdings (minimum 3%);
- bonus votes in FTX polls;
- higher rewards in airdrops.
Cronos
Market capitalization: $3,832,792,698
Current price: $0,151
Change in month: +35,75%
Cronos (CRO) is a token from the Crypto.com crypto exchange. It was launched in 2018 with the issue price of $0.017 for 1 CRO.
Cronos holders get 10-14% APY for staking the token on Crypto.com and access to a fundraising platform The Syndicate.
OKB
Market capitalization: $1,103,480,954
Current price: $18,32
Change in month: +51,65%
OKB is a token from the OKX crypto exchange. It was launched in 2019 with the issue price of $1,6 for 1 OKB.
OKB holders get:
- up to 25% OKX trading fee discounts;
- access to the OKX Earn platform where they can have a passive income;
- participation in the OKX Jumpstart program, where they can have a reward from upcoming blockchain projects.
KuCoin Token
Market capitalization: $996,630,907
Current price: $10,06
Change in month: +25,15%
KuCoin Token (KCS) is a token from the KuCoin crypto exchange. It was launched in 2017 with the issue price of $0,86 for 1 KCS.
KCS holders get trading fees discounts, dividends from collected trading fees as a daily reward, and priority in customer support.
Huobi Token
Market capitalization: $667,055,744
Current price: $4,34
Change in month: +0,75%
Huobi Token (HT) is a token from the Huobi Global crypto exchange. It was launched in 2019 with the issue price of $1,4 for 1 HT.
HT holders get up to 65% trading fees discounts and access to the Huobi PrimePool with early-launched crypto projects.
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