I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
In my own understanding exchanger is place were you can convert all you token or coin into a type of any crypto currency. Example you joined a bounty campaign from their they will paid you token, most of the time bounty use token as a salary for their participant. After ico's was ended you will need to wait until that token had enter to any exchanger from their you can deposit all your token then, thats the time that you can convert your token into crypto currency most of the time they choose bitcoin because it has a great market value of all types of crypto currency.