Some Exchange Coins

Exchange coins, also known as exchange tokens, are cryptocurrencies issued by centralized exchanges (CEX) such as Binance, Bybit, Huobi, and OKX. These coins are often used to pay for trading fees at a discount, participate in services within the exchange's ecosystem, or for products such as Public Sales on that exchange's platform. For example, Binance's BNB, Bybit's BIT, Huobi's HT, and OKX's OKB have the main function of reducing trading fees and providing many incentives for users.

Among potential exchange coins, BNB stands out thanks to Binance's large trading volume, but it also faces legal challenges. Bybit's BIT provides benefits to users through governance participation and trading account upgrades. OKB also has a deflationary mode through a buy-back and burn program, which increases the value of this token.

In addition, exchange coins such as Gate.io's GT and KuCoin's KCS also have their own characteristics, helping users benefit from holding and trading on these platforms. These coins not only serve trading purposes but also help users participate in other potential projects in the ecosystem of each exchange.