beginingCryptocurrenciesAltcoinsTop 5 Crypto Exchange Tokens

    Top 5 Crypto Exchange Tokens

    1) Binance Coin (BNB)

    Issued by the Binance exchange, BNB was originally created as an ERC-20 token on the Ethereum blockchain and later migrated to the Binance Chain, becoming the chain's native coin. 

    The Binance exchange offers users a spot market, a futures market and a decentralized exchange, and its ecosystem of decentralized blockchain-based networks has made it second to none. 


    Source: Binance:

    According to the company, they launched BNB with the intention of it being used to pay discounted fees on the Binance platform. In addition, BNB will also function as the native token that powers the Binance chain. Other uses of the BNB token include VIP levels that are given to users with BNB account balances and those who have trading volumes that exceed certain thresholds. BNB is also used for what is called dust conversion, where non-tradable balances of various cryptocurrencies that a user may have on the Binance exchange are converted to BNB for greater liquidity and utility. BNB tokens are also used in the IPO lottery. 

    2) Uniswap (UNI)

    Uniswap's management token is UNI, which enables its holders to participate in the management of the Uniswap protocol. Uniswap is a DEX that is popular for exchanging ERC-20 tokens and users only need an Ethereum based wallet such as Metamask, and can easily start trading with other users of the platform in a decentralized manner and globally. There is no token listing process with Uniswap, so basically this means that any ERC-20 token can essentially be launched with the small caveat that they require a pool of liquidity for traders to use. Read the full Uniswap guide here . 

    3) FTX (FTT)

    The native cryptocurrency token of the FTX crypto derivatives trading platform is FTT. As one of the largest and most popular crypto futures platforms, FTX is highly rated and stands out among its formidable competitors such as BitMEX and Deribit . 

    FTX focuses heavily on derivatives trading and offers over 100 different digital assets including BTC, LTC, ETH and XRP for futures trading. In addition, FTX offers the Leverage Tokens service, which allows traders to place leveraged positions without the need to trade on margin.



    FTT token holders have the opportunity to receive a portion of the exchange fees that the platform charges users. They also receive a portion of the liquidation insurance fund, and DFS holders can also use the token as collateral and use the token to receive tighter OTC spreads on FTX.

    FTT tokens are available on many exchanges including Huobi, Binance, FTX, HitBTC and others.

    4) OKEx (OKB)

    OKB Coin is the OKEx blockchain and the exchange's own token. OKEx is one of the largest crypto exchanges in the world and its OKB has over 10 trading pairs. The OKB token can also be used to facilitate spot trading and derivatives trading. OKB tokens can be traded on exchanges such as FTX, Huobi, OKEx, HitBTC, etc. 

    The OKB token has a key role in the OKEx ecosystem as it enables holders to receive up to 40% transaction discount. Users of the OKEx platform can also take advantage of the opportunity to create passive income by investing their OKB tokens through OKEx Earn, allowing token participants to receive returns.

    5) Pancake Swap (CAKE)

    CAKE is effectively PancakeSwap's management token. PancakeSwap is an automated market maker and DeFi application that enables users to exchange tokens, provide liquidity through mining, and earn fees. PancakeSwap is also a DEX based on Binance Smart Chain. 



    PancakeSwap users can trade BEP20 tokens or provide liquidity to the exchange to earn fees, or stake liquidity tokens to the pool as a means of earning CAKE, which in turn can be staked and then won more COURT. CAKE tokens can be traded on both centralized and decentralized exchanges such as Binance and FTX or by PancakeSwap etc. 

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