📉 Exchange coins are a type of cryptocurrency issued by a crypto exchange to perform various functions within the exchange ecosystem. They provide users with benefits such as discounts on trading fees, staking rewards, and access to special features or services. For example, BNB offers reduced trading fees on the Binance platform.

The terms "token" and "coin" are often used interchangeably, but their exact uses are slightly different. BNB is the native cryptocurrency of the BNB Smart Chain, the blockchain that powers the Binance exchange. Since the exchange coin is native to the network and is used to pay gas fees, it should be properly classified as an "exchange coin".

Investing in coins and exchange tokens can offer both financial incentives and strategic benefits. These assets are an integral part of their platform ecosystems, providing significant demand-side support.