Centralized (non-DEX) crypto exchange have their own native coins/tokens for multiple reasons — for trading/withdrawal fee discounts, airdrops, or for having their own decentralized exchange/ecosystem counterparts.
Exchanges with their own native coins/tokens ✨
Currently, these are the native tokens of existing centralized exchanges — with each of their own slight unique differences (though with a lot of similarities as well).
BNB (BNB)
- Binance fee discounts
- Binance loan eligibility
- Exclusive token sales
- Native coin for the BNB Chain
- Token burn
Source: https://www.binance.com/en/bnb
UNUS SED LEO (LEO)
- Bitfinex fee discounts
- Higher withdrawal cap
- Potential future exchange features
- Token burn
Cronos (CRO)
- Crypto.com fee discounts
- Higher lending rewards
- Cashbacks
- Native coin for the Cronos Chain
- Token burn
FTX Token (FTT)
- FTX fee discounts and rebates
- Higher chances for VIP2 tier
- Token airdrops
- Higher referral rates
- Exchange voting
- IEO tickets
- Increased free withdrawals
- Token burn
Source: https://ftx.com/en/FTT
KuCoin Token (KCS)
- Fee discounts
- Revenue share
- Exclusive token sales
- Token burn
Source: https://www.kucoin.com/kcs
Huobi Token (HT)
- Huobi fee discounts
- Token airdrops
- Exchange voting
- Token burn
OKC & OKB
- Fee discounts
- Exclusive token sales
- Token loans
- Native coin for the OKX Chain
GateToken (GT)
- Fee discounts
- Exclusive token sales
- Token airdrops
- Exchange voting
- Native coin for the Gatechain
Source: https://www.gate.io/gt
Where should I buy these coins/tokens? 🤔
Due to them having more liquidity and trading volume (hence you get the most for your money if you buy/sell) on their own official exchanges, we heavily recommend buying these coins on their respective exchanges.
e.g. Buy BNB on Binance, buy LEO on Bitfinex, buy Cronos on Crypto.com, etc.
