Exchange Tokens Benefit As Centralized Exchanges Struggle With DeFi Platforms By Cointelegraph

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Exchange Tokens Profit As Centralized Exchanges Struggle With DeFi Platforms

New inflows of institutional and retail investors into the cryptocurrency market have led to bull market conditions for many of the major tokens, from blue-chips like (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked subsector of the market, but have performed exceptionally well in 2021, as increases in trading volumes result in a larger pool of fees to charge when using the native token of the exchange for settlement. Native exchange tokens are also typically used as the base pair to fund new listings and token buybacks. BNB / USDT 4-hour chart. Source: TradingViewFTT / USDT 4-hour chart. Source: TradingView Cointelegraph Markets Pro – VORTECS ™ Score (Green) vs. KCS Price Continue reading on Coin Telegraph

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