Exchange Tokens
Native tokens of major exchanges: BNB, CRO, OKB, KCS.
Exchange tokens: stock-like assets for CEX cash. Fee discounts, staking, launchpad. Deflationary (burn from profits). Correlates with exchange biz: Binance #1 → BNB top 5. FTX collapse → FTT $25→$0 in week. Risks: regulation (US blocks), AML, black swans.
In plain words
Tokens issued by CEX exchanges (Binance, Crypto.com, OKX, KuCoin). Work a bit like exchange stock: hold the token = fee discounts, sometimes voting rights, launchpad access. Value tracks exchange health. When FTX collapsed in 2022, its FTT token went from $25 to zero in a week.
Example
BNB: $116B cap, ATH $793. CRO: $4B, ATH $0.95 (2021). OKB: $3B. KCS: $1.4B. History: FTT (FTX): $8B in 2021, today $0 after FTX collapse Nov 2022.
Also known as: exchange tokens, tokeny giełdowe