Native tokens of Cryptocurrency exchanges. The first chapter of the new BDCenter Digital Insights series
The market situation with own crypto exchange native tokens has improved significantly since 2018. New applications have emerged, while token prices and popularity have visibly changed as well. For example, last year only BNB, the Binance coin, was available on other crypto exchanges. In 2019, 8 out of the 12 native tokens we covered in our study have been listed on third-party platforms.
We have analyzed the Binance, Bitfinex, KuCoin, liquid, OKEx, Gate.io, Hotbit, Huobi Global, iqfinex, kyber.network, LATOKEN, and STeX native coins. We have also looked at the reasons for the crypto platforms to create their own tokens, the factors that are driving their prices up, and their dynamics over the period August 2018 to May 2019.
And if you feel like refreshing your memory of our last year’s cryptocurrency exchange marketing analysis, you can find the report on our website. By now, this study is still the largest ever taken in the world. It was cited to by major market players such as BitcoinExchangeGuide.com media resource, Binance crypto exchange, ForkLog magazine, and many others.