A Crypto exchange coin is a currency that’s native to the trading platform. These tokens are used for a variety of reasons including governance, incentive and liquidity on the exchange. This review highlights the best exchange crypto coins available for investors.
1. Lucky Block (LBLOCK)
LBLOCK is the native token for Lucky Block ecosystem- a blockchain gaming platform. Lucky Block is looking to innovate using blockchain ecology and completely change the online gaming landscape. Thanks to blockchain application, Lucky Block offers proper transaction tracking and ensures that everyone has an equal chance of winning.
LBLOCK acts as a ticket for Lucky Block users. Players can buy the coin and enjoy unrestricted access to all games on the platform. It is also an attractive investment for a platform that is about to gain global acceptance.
Following its January launch, LBLOCK has seen its price jump from a listing peg of $0.00020 to a high of $0.0096. The asset currently trades at $0.0037. LBLOCK offers a low-cost investment with massive upside. Although LBLOCK isn’t an exchange crypto coin, we recommend investing in this digital asset.
The Lucky Block developers are working on bringing several updates to the platform. This week, they announced LBLOCK V2 – an upgrade that will bring the coin to centralized exchanges for trading purposes. A mobile app for lucky Block is also expected soon, and beta testing for it has already begun.
2. Binance Coin (BNB)
First on our list of best exchange crypto is BNB. The digital asset is the native token for the Binance ecosystem.
Today, BNB ranks as the third most valuable cryptocurrency globally by market cap. Binance leads all other crypto exchanges in the world by daily spot trading volumes, and its derivatives platform is also among the most popular in the market.
Of course, it is worth noting that several other factors drive BNB’s price. The coin is functional for payments within the Binance ecosystem, and it can also be staked using the official BNB Vault. The general rule of thumb is that positive news coming from Binance tends to drive up BNB’s price.
Right now, Binance appears to be performing well. The exchange had a rough go in 2021 as it struggled with one regulator after another. This year, it has been working to repair these relationships in order to grow. Just this week, Binance secured an operating license in Dubai. This is in addition to its successful launch in the Kingdom of Bahrain.
As Binance seeks to conquer more ground, we expect to continue seeing growth in BNB’s price.
3. FTX Token (FTT)
Next on the list of best exchange crypto is FTT—the native token of FTX. FTX has skyrocketed to the top of the CoinMarketCap chart. The asset trails only Binance and Coinbase in daily trading volumes, and its volumes on derivatives trading far outpaces Coinbase’s.
FTX is one of the main drivers of the market’s growth and expansion right now. The exchange has managed to tap into the crypto mania that we see among millennials. It offers an intuitive platform filled with great features that allow investors to come into the market easily.
At the same time, the exchange has done a good job of expanding. Earlier this year, the President of FTX.US announced that they are working on a feature that will allow the platform’s traders to gain easy access to traditional stocks. This will make FTX a one-stop-shop for anything trading-related, and it could be a massive catalyst for growth.
FTX has been expanding recently. It got approval from the Cyprus Securities and Exchange Commission (CySEC) to expand towards Europe, and it recently got a license to set up a local headquarters in Dubai.
4. Quidax Token (QDX)
It might not be the most popular exchange crypto, but QDX is gaining much traction among investors. The asset is the exchange token for Quidax—an African-owned exchange based in Lagos, Nigeria.
QDX was launched in May 2021 to allow Quidax users to pay trading fees on the platform. It can also be used for payments across several outlets. The exchange launched a QDX Vault that allows customers to stake and get passive income. So far, Quidax has conducted more than one token airdrop for QDX Vault users, allowing them to earn free tokens, like Shiba Inu (SHIB).
Quidax’s growth over the past few months has been impressive. The company was recently listed on CoinMarketCap, and its data page shows an impressive $3.2 million in daily trading volumes.
With the QDX token trading at $0.010, the asset is available at a low price. So, besides being one of the best exchange tokens, it is also an attractive option for investors looking for low-cost gains.
5. Cronos (CRO)
Cronos is the exchange token for Crypto.com—one of the most popular exchanges today. The asset used to be known as “Crypto.com Coin”, but it was eventually rebranded.
Cronos is an ERC20 token that can be used as an intermediary currency on Crypto.com. It can also convert crypto into fiat on the exchange at affordable rates. As a proof-of-stake (PoS) coin, CRO can also be staked by investors looking to enjoy some massive rewards.
Recently, the exchange scored a major milestone that should have investors excited.
Earlier this month, Crypto.com announced that its platform is now available to select institutional investors in the United States. The exchange will roll out first to waitlisted users in the US before a full launch; this is a big milestone for the Singapore-based platform.
Crypto.com already spent close to $1 billion on marketing in the United States, buying the naming flights to the iconic Staples Center and splurging on Super Bowl ads. Now that the company’s name is firmly etched into American pop culture, a launch in the country should see it expand quickly.