Key Points Summary:
What are CEX tokens? They are tokens issued by exchanges (such as Binance or XT.COM) that provide users with various benefits, such as discounts on trading fees, staking rewards, and opportunities to participate in exclusive token sales.
Who is suitable to hold them? Whether you are an active user who trades frequently or a newcomer who trades occasionally, as long as you want to save money, earn rewards, or participate in new projects early, these tokens are suitable for you.
Why is it worth holding? They can help you reduce trading costs, generate passive income through staking, and even appreciate in value due to token burns and scarcity.
Where can they be used? The best choice is, of course, on the platform that issues the tokens, such as Binance or XT.COM, but they can also be traded on other exchanges and even decentralized exchanges (DEX).
Future trends? The application scenarios for these tokens are increasing, such as DeFi, NFTs, and even institutional trading, making them an important part of the crypto world.
Have you ever wondered why some cryptocurrency exchanges issue their own tokens, such as BNB or XT? Or you may have heard that these tokens can help you save on trading fees and unlock special benefits, but you are not quite sure if they are worth your attention?
Don't worry, this article will provide you with a comprehensive understanding in a simple and easy way. Whether you are an experienced trader or a newcomer, you will be able to understand how these tokens work, their uses, and why they are more important than you might think.
Table of Contents
Who is suitable to hold CEX tokens?
When should you consider holding CEX tokens?
Where can you acquire and trade CEX tokens?
Why should you pay attention to CEX tokens?
How to start using CEX tokens?
Popular CEX tokens introduction
What are CEX tokens?
CEX tokens, or "Centralized Exchange Tokens," are cryptocurrencies issued by trading platforms like Binance, XT.COM, and Bitget. In simple terms, these tokens are designed to enhance the user trading experience and provide special benefits that ordinary cryptocurrencies do not offer.
What makes them special?
Strong utility: For example, they can reduce trading fees, provide staking rewards, and even allow early participation in token issuance events.
Controlled by exchanges: The supply, burn mechanisms, and specific uses of the tokens are managed by the exchanges.
Enhanced user retention: Benefits such as fee discounts, VIP privileges, and staking rewards encourage users to use these tokens long-term.
Why pay attention to them? CEX tokens can not only help you save a significant amount on trading fees but also earn passive income through staking, not to mention participating in limited token sales.
- For example: Binance's BNB was initially used just to reduce trading fees, but it has now become a core asset of the Binance ecosystem and supports its blockchain operations.
Image Credit: CoinMarketCap
Who is suitable to hold CEX tokens?
In fact, whether you are a seasoned active trader or a casual trader, as long as you are using an exchange, these CEX tokens can bring you many benefits!
Active traders
- If you trade frequently, especially large amounts, fee discounts are definitely a money-saving tool! Many exchanges offer discounts of 25%-50%, which can add up to hundreds or even thousands of dollars over time.
Long-term investors
- If you prefer long-term investments, you can earn passive income by staking these tokens. For example, XT.COM offers a staking program for XT tokens with a good annual percentage yield (APY), making it extra "sleeping income" for those who are not in a hurry to use their funds.
Crypto enthusiasts and early players
- If you enjoy participating in new projects, CEX tokens are definitely your "pass." Many platforms' IEOs (Initial Exchange Offerings) or token launch activities require you to hold a certain amount of tokens; the more you hold, the higher your allocation.
Regular users and newcomers
- Even if you don't trade much, holding a small amount of CEX tokens can still give you fee discounts and even allow you to participate in airdrop events and promotional discounts. For newcomers, these small benefits can significantly enhance your experience!
Image Credit: YouHodler
When should you consider holding CEX tokens?
Choosing the right time to hold CEX tokens can really help you maximize your returns! The following moments are the best opportunities to acquire them:
Before new features launch
- Exchanges often tie new features, such as NFT markets or staking reward programs, to their tokens. If you hold the tokens in advance, you can enjoy these special benefits first and not worry about missing out on good opportunities.
When trading fees increase or during limited-time promotions
- If an exchange announces an increase in trading fees or launches a limited-time promotional event, such as staking rewards being doubled, holding tokens can help you save a lot of costs and seize these great deals!
When staking rewards increase
- Many times, exchanges will launch limited-time events that double staking rewards. Holding tokens and participating in staking during these times can yield much higher returns than usual, making it a win-win situation!
Before IEO or launch platform sales
- Want to participate early in token presales for new projects? Most exchanges require holding a certain amount of tokens to participate, and the more you hold, the higher your allocation. So, stocking up on tokens in advance is definitely a good choice!
When prices are low or stable
- Buying tokens when their prices are at a low or stable point not only reduces costs but also allows you to benefit from price increases when demand rises in the future.
Image Credit: ofcfca.org
Where can you acquire and trade CEX tokens?
The most cost-effective place is, of course, the exchange that issues the tokens! Native platforms usually offer the most benefits, such as fee discounts, staking rewards, and priority access to launch platforms.
Buying on mainstream exchanges:
Binance (BNB): As the core token of Binance, BNB can not only be used to offset trading fees but also supports various ecosystem projects on the Binance Smart Chain (BSC).
XT.COM (XT): The XT token offers global benefits, such as fee discounts, staking rewards, and airdrop events, suitable for all types of users.
Bitget (BGB): BGB is an important token for Bitget, allowing users to enjoy fee discounts and competitive staking returns.
Gate.io (GT): In addition to fee discounts, GT allows you to participate in project presales through Gate Startup, suitable for users looking to discover potential projects.
Cross-platform trading:
- While native platforms offer the most benefits, some tokens are also available on other exchanges. For example, Binance's BNB can also be traded on XT.COM, Coinbase, or Kraken. Cross-platform flexibility is higher, but you may miss out on some additional benefits.
Buying on decentralized exchanges (DEX):
If these tokens are based on mainstream blockchains, such as BNB on the Binance Smart Chain, you can also trade them on DEXs like PancakeSwap or Uniswap, and use them to participate in DeFi activities like liquidity mining or yield aggregation.
For example: BNB can not only be easily traded on PancakeSwap but also added to liquidity pools, helping you earn additional returns.
However, while these tokens can be traded on other platforms, using them on their native platforms will definitely allow you to maximize benefits, such as higher staking returns, larger fee discounts, and priority participation in exclusive token sales. For instance, XT.COM's XT token not only saves you money but also allows you to participate in global exclusive events and promotions, which is quite valuable!
Screenshot Source: XT.COM
Why should you pay attention to CEX tokens?
CEX tokens are not just a part of exchanges; they can significantly enhance your crypto trading experience. Whether it's saving money, earning money, or participating in exclusive events, these tokens can bring you many benefits:
Save on trading fees:
Using CEX tokens to pay for fees can greatly reduce costs, with discounts typically ranging from 10% to 50%.
For example: Binance users can save 25% on fees by using BNB, and XT.COM's XT token also offers similar discounts.
Earn passive income:
Holding tokens can also earn you returns through staking, turning idle tokens into a nice source of "sleeping income."
For example: XT.COM offers a staking program with competitive annual percentage yields (APY), especially suitable for long-term holders.
Participate early in token issuance:
Many platforms' IEOs (Initial Exchange Offerings) or token launch activities require users to hold CEX tokens to participate in presales.
For example: Bitget allows BGB token holders to participate in exclusive launch platform events, and the more tokens you hold, the higher your allocation.
Receive exclusive rewards and VIP benefits:
- Holding tokens also allows you to enjoy more additional benefits, such as higher staking returns, priority customer support, and larger allocations in token sales.
Token economics and scarcity:
Many CEX tokens reduce supply through regular burn mechanisms, thereby enhancing the long-term value of the tokens.
For example: Binance and XT.COM regularly burn tokens to maintain scarcity, driving up token prices.
These benefits not only make CEX tokens more attractive but also further solidify their position in the crypto ecosystem. If you haven't been paying attention to these tokens, now is a great time to start!
Screenshot Source: XT Smart Chain
How to start using CEX tokens?
Acquiring and using CEX tokens is actually quite simple. Follow these steps, and you can easily unlock all their benefits:
- Choose the right exchange First, find an exchange that matches your goals. Consider its fee discounts, staking options, and the functions of the tokens.
- For example: XT.COM offers global support and attractive staking programs, while Binance and KuCoin also have very mature ecosystems.
- Register an account Register an account on the exchange and complete KYC (Know Your Customer) to ensure the security and compliance of your account.
- Tip: Remember to use a strong password and enable two-factor authentication (2FA) to enhance account security.
Deposit funds Deposit fiat currency (such as USD) or cryptocurrencies (such as USDT, BTC, or ETH) to prepare for purchasing tokens.
Purchase exchange tokens Buy tokens through market orders or limit orders, such as XT/USDT or BNB/USDT.
Use tokens to unlock benefits Use tokens to pay for trading fees, participate in staking programs, or get early access to token launch platform events.
- For example: Staking XT tokens not only provides high annual percentage yields but may also allow participation in exclusive airdrop events.
- Stay updated on platform dynamics Keep an eye on the exchange's announcements, such as staking activities, token burn plans, or new features, so you can fully utilize the value of your tokens.
Popular CEX tokens introduction
Next, let's take a look at some popular CEX tokens. They are not only the core of their respective exchange ecosystems but also offer many unique functions and benefits, making them definitely worth your attention!
BNB (Binance Coin)
Market Cap (January 2025): $95.6 billion
Price: $670
Core Function: Initially used to reduce trading fees, it has now expanded to support the Binance ecosystem, including Binance Chain and Binance Smart Chain (BSC).
Highlights: Fee discounts, participation in Binance launch platform projects, and regular token burns make BNB an important asset in the DeFi and NFT fields.
Image Credit: Bitcoin Systemi
XT (XT.COM Token)
Market Cap (January 2025): $33.2 million
Price: $5.4
Core Function: Supports the global expansion of XT.COM, focusing on enhancing user trading experience and ecosystem adoption.
Highlights: Fee discounts, staking rewards, and exclusive promotional activities, such as airdrops and global promotions.
Image Credit: ReviForex
KCS (KuCoin Token)
Market Cap (January 2025): $1.6 billion
Price: $13.3
Core Function: KCS holders receive dividend rewards from KuCoin platform trading fees.
Highlights: Daily dividends, fee discounts, and eligibility to participate in KuCoin Spotlight project presales.
Image Credit: Business Insider
GT (GateToken)
Market Cap (January 2025): $2.3 billion
Price: $25.3
Core Function: The core token of Gate.io, providing users with fee discounts and early participation opportunities in Gate Startup projects.
Highlights: Low fees, priority participation in launch platform projects, and governance voting rights.
Image Credit: It’s Here Only Entertainment
BGB (Bitget Token)
Market Cap (January 2025): $8.9 billion
Price: $7.4
Core Function: Supports Bitget's derivatives trading and copy trading ecosystem.
Highlights: Fee discounts, staking rewards, and a higher profit-sharing ratio in copy trading.
Image Credit: CryptoNews
Future Outlook for CEX Tokens
CEX tokens are rapidly evolving and have become an indispensable part of the crypto world. As exchanges continue to innovate, the potential of these tokens is growing. Let's take a look at some interesting future developments:
Integration with DeFi
More and more CEX tokens are entering the decentralized finance (DeFi) space, allowing participation in staking, liquidity mining, and yield aggregation.
For example: BNB has become a "star" in DeFi applications on the Binance Smart Chain (BSC), allowing staking and earning returns by joining liquidity pools.
Stronger governance features
Some tokens allow users to participate in platform governance, such as voting on major decisions of the exchange. This enhances community engagement and attracts more loyal users.
For example: Gate.io's GT token supports user voting on important platform strategies.
Attracting institutional users
- With the entry of institutional investors, CEX tokens can benefit from higher trading volumes and market stability. Especially, fee discounts and exclusive benefits are particularly attractive to large traders.
More complete ecosystems
- Many exchanges are building complete ecosystems around their tokens. For example, BNB can not only be used to pay fees but also supports various applications on the Binance Smart Chain. This expansion makes these tokens more valuable and harder to replace.
In summary, CEX tokens are no longer just "auxiliary tools"; they are becoming a bridge connecting users and exchanges and are key drivers of future crypto ecosystem development. If you are looking for a long-term growth investment area, CEX tokens are worth your attention.
Image Credit: Mcglinchey
About XT.COM
Founded in 2018, XT.COM currently has over 7.8 million registered users, with over 1 million monthly active users and user traffic exceeding 40 million within the ecosystem. We are a comprehensive trading platform supporting over 800 quality cryptocurrencies and more than 1,000 trading pairs. XT.COM cryptocurrency trading platform supports a variety of trading options, including spot trading, margin trading, and futures trading. XT.COM also has a secure and reliable NFT trading platform. We are committed to providing users with the safest, most efficient, and most professional digital asset investment services.
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