I am just curious why a lot of copycats in this cryptoworld, previously exchanges are not known to have their own coins, I remember trading with exchanges like Poloniex, Bittrex, bleutrade, cryptopia, coinexchange, etc and they were not known to have their coins.
It happens that most exchanges this period are now launching exchange coins and ICO, noticed that some exchanges that do not previously had their coins are internally launching theirs, an example is hotbit. I know this was due to the success of Binance coin. What baffles me is that most of these exchange coins do not have any other use case aside from being exchange coins and they promise to reward some users with it.
It happens that most exchanges this period are now launching exchange coins and ICO, noticed that some exchanges that do not previously had their coins are internally launching theirs, an example is hotbit. I know this was due to the success of Binance coin. What baffles me is that most of these exchange coins do not have any other use case aside from being exchange coins and they promise to reward some users with it.
You need to consider coin exchanges as a kind of stock and a way to attract new users. Now it is a trend.