Why Does Every Exchange Need To Have Its Own Token?

[dihari]

I may think that's another way exchange adding some funds for their company. It's all about business. In the other side, we can't say it has no function. It has the same function in all exchanges, to be utility token where you can get benefit for holding them while using the exchanges services.

[bittraffic]

They all compete with each other which each token also has a different function within the exchange and it's making money as well. One exchange is providing dividends to its token holders which is why it becomes very attractive to its users like the KCS while BNB is only for trade fees. Anybody who can come up with a good idea of token's use case will probably excel as well if they create an exchange.

[asriloni]

They all compete with each other which each token also has a different function within the exchange

It's not true at all consider when you are comparing all of them and these exchange tokens have almost the same feature between one to each other but there are some may offer the more benefits compared with the coin that used to get the discount fees.
BNB was offering multiple benefits compared with its competitors and that's why it's very valuable compared with another exchange token.
I think that the creation of exchange tokens to give its users the best experience with the exchange site that already fully developed.

[shoreno]

your a starter thats why you have alot of questions in your head but as soon as you are not a newbie anymore you will think that your negative thoughts before are wrong . we have almost millions of coins but i dont think we have an exchange for each coins and also not all the exchange do issued thier own coin .

 coins that are owned by exchange are i think more functional than a random coin pop out of no where , those are the coins that are the real speculative .

[Strongkored]

As cryptocurrency is gaining popularity one of the profitable businesses is to create a crypto exchange, and the way to get funds for its development is by creating tokens and making token sales.
It is true that many exchange tokens end up being useless and end up being only used for fundraising without clear development and usually this will have the same fate as the exchange.

[btc78]

I've only really started learning about crypto and I don't really see the point to all these million different exchange tokens.
Most of them just seem to speculative tokens with no actual function as far as I can see 
What do you think?

You must consider that as a favorable for you as an exchange user because that will be
a utility coin/token of that said exchange and we as users will benefits from that , Look  at Binance (BNB) with now has the most popular or one of the most exchange in the world of crypto trading.

https://www.binance.com/en

and Here is their Token in which you can see for yourself.  https://coinmarketcap.com/currencies/binance-coin/

[harizen]

As long as it has a good use-case, I don't see any problem with that. Better than random low market cap coins out there that can easily be manipulated.

It plays a big role starting from trading fees and any other features. Just take a look at how can you take advantage of using BNB as an example on their platform. Not just by trading it but to take part in several features if you owned it. Way more legit compares participating in sh*t ICO's popping out of nowhere.

What exchanges do you want to pinpoint here?

[Btc_1856]

I may think that's another way exchange adding some funds for their company. It's all about business. In the other side, we can't say it has no function. It has the same function in all exchanges, to be utility token where you can get benefit for holding them while using the exchanges services.

Of course, what you said is right, but we should be careful with some of the exchanges out there, most of the exchanges using their token as a utility token and it will help the customers to trader there, they will collect the fee in the form of their utility token. Exchanges will create their own token because this will help them to get more awareness about the project.

[Hamphser]

I may think that's another way exchange adding some funds for their company. It's all about business. In the other side, we can't say it has no function. It has the same function in all exchanges, to be utility token where you can get benefit for holding them while using the exchanges services.

Of course, what you said is right, but we should be careful with some of the exchanges out there, most of the exchanges using their token as a utility token and it will help the customers to trader there, they will collect the fee in the form of their utility token. Exchanges will create their own token because this will help them to get more awareness about the project.

It not about awareness but rather it does have several reasons like on making more money and of course with that exposure you've been talking on.

There are exchangers who doesnt have  their own dedicated token though but since we do talk into those who does have then they are going into different path

but doesnt mean that these coins are bad for you to consider on making it an investment because you wouldnt know if that exchange would succeed or not.