Performance of Exchange and their Token

[Best-mary]

I don't know how many people do this, checking exchanges on monthly basis to know their performance and know how to go about them. This is a source from Coinglass that shows the top cex that has done well this month.


Not only that, I don't know how many remembered this post I made last month on different exchanges with their potential of getting to high places. If you check BGB you did notice that it done over 5X and now  trading at 1.2. BNB as well has risen back since then
https://bitcointalk.org/index.php?topic=5485475.msg63677151#msg63677151
 
This is one of the simplest analysis that will tell you and show you how far not only an exchange can go but also how well their token could be in the long. I hope this help someone there trying to make decisions on exchanges to use and their token and for what purpose.

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[Reatim]

Exchanges that tend to do well have more chances of releasing a token that could also exceptionally well.

Of course if there are more people or clients using that particular exchange, you can expect them to trust that exchange and by extension trust the token that they will release as well. Tokens have some advantages for those who use it and the exchange so their success goes hand in hand

[Best-mary]

Exchanges that tend to do well have more chances of releasing a token that could also exceptionally well.

Of course if there are more people or clients using that particular exchange, you can expect them to trust that exchange and by extension trust the token that they will release as well. Tokens have some advantages for those who use it and the exchange so their success goes hand in hand

What you said is indeed correct. Recently I have noticed the coins listed from the top 2 Cex (Bitget and binance) particularly the former and most of them are doing exceptionally well. As of last month I talked about some of the memecoins I got from the cex and the profit made

[JeromeTash]

Their tokens tend to do well over time because they hold token burns and also reward the token holders with much reduced trading fees in their platforms. FTT was another toke that was so promising before the FTX collapse.
The only reason I fear them is that should anything happen to the native exchange, the token will dump so hard and sometimes may never recover at all.

[Best-mary]

Their tokens tend to do well over time because they hold token burns and also reward the token holders with much reduced trading fees in their platforms. FTT was another toke that was so promising before the FTX collapse.
The only reason I fear them is that should anything happen to the native exchange, the token will dump so hard and sometimes may never recover at all.

Hmm. FTX is a different story on its own.. I am also one of those who got affected from the crash and I can tell you, there is a big difference between the two starting from those who are the face of the bitget exchange with good reputation. Looking at Messi and then, Grcay Chen who kept empowering women to crypto. That Ftx never had, rather they were backed by politicians who use users' money for their political greed

[JeffBrad12]

there's indeed some correlation toward the price of most exchange coin towards the performance of the exchange itself but I think some might have some other factor that could contribute towards its growth with the case of binance, having its own blockchain, being utilized heavily to pay gas fee on the chain, as well as having so many projects deployed on the BSC that truly depends on BNB and requires staking some BNB in itself I believe also the reason why BNB could grow so significantly.
it still can't be refuted that the impression of the exchange themselves also what urges people to buy the coin, like basically back then when binance was having some lawsuit i remember the price of BNB was also shaken a bit so there's clear relation here.
its just that sometime the price might hold on until shit hits the fan just like the case of FTX back then.

[Apocollapse]

Hmm. FTX is a different story on its own.. I am also one of those who got affected from the crash and I can tell you, there is a big difference between the two starting from those who are the face of the bitget exchange with good reputation. Looking at Messi and then, Grcay Chen who kept empowering women to crypto.

There's nothing different, FTX was a big exchange with good reputation. Any business will not last forever, so if you plan to hold exchange native token, be sure to know when you will sell it otherwise you will lost all of your money.

Bitget has a bad impression on this forum, so I won't be surprised they would fall, usually if the business success in short time, it will end in short time too.

That Ftx never had, rather they were backed by politicians who use users' money for their political greed

No, you're wrong, read below.

The brand ambassador defendants are Tom Brady, Gisele Bundchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Larry David, and Kevin O’Leary.

[Coin_trader]

Surprisingly those Bitget spammers got the top 2 spot and overtake almost all of the new exchanges. I never use this exchange before and I will never use this in the future due to the shill type you guys doing here in the forum.

I’m surprised that you forgot to include Kucoin on your list while it’s one of the oldest CEX that has a huge volume too probably next to Binance. Their KCS token too is also performing well. I doubt that the guy who created the graphics forgot it or else you guys just want to show Bitget getting the top 2 spot next to Binance?

[bluebit25]

New money enters the market and most of the time at this stage or in the nearing price increase cycle, CEX always plays an important role as a means to help everything be distributed effectively. And it is not too strange that the main CEX token will also be pumped, and some new CEX appearances will be generous in the marketing process to attract customers through many forms.

I myself have some plans with BNB and OKX, and indeed they have brought what I really need. We are just at the beginning and there will be many changes in the near future. In the future, there will be more beneficial scenarios for investment. Anyway, investment will have many different results, even in terms of looking for CEX for speculation, please consider carefully.

[btc78]

This is one of the simplest analysis that will tell you and show you how far not only an exchange can go but also how well their token could be in the long. I hope this help someone there trying to make decisions on exchanges to use and their token and for what purpose.

There are certainly benefits to using the native token of an exchange as exchanges tend to reward those who use their token however since it is directly connected to the exchange, whatever happens to that exchange might affect the token.

Even if it’s just small news as long as there is some kind of impact to the exchange it can drastically change the market.

[shinratensei_]

Their tokens tend to do well over time because they hold token burns and also reward the token holders with much reduced trading fees in their platforms. FTT was another toke that was so promising before the FTX collapse.
The only reason I fear them is that should anything happen to the native exchange, the token will dump so hard and sometimes may never recover at all.

its a known risk accompanied with these exchange token, they grow fast indeed when the exchange gaining momentum but they also pose the risk of dumping so hard like you just mentioned.
thats why investing in coin that are independent of any company is such crucial thing if you bag big amount of money, those fund management company fancy bitcoin and ethereum certainly for a reason because its decentralized so it has no relation whatsoever with certain entity, its only gonna affected if the blockchain somehow fails which i don't think thats gonna be the case.

i always have that kind of worry whenever investing in these exchange token, so far the only exchange token that i somewhat feel safer to invest to is BNB because it has BSC and opBNB backing it up even if binance got a problem there are project that still gonna use the BNB making the demand consistent, if its other exchange token i would hesitate so hard because knowing how ftt fall when ftx is failing.

[JeromeTash]

Hmm. FTX is a different story on its own.. I am also one of those who got affected from the crash and I can tell you, there is a big difference between the two starting from those who are the face of the bitget exchange with good reputation. Looking at Messi and then, Grcay Chen who kept empowering women to crypto. That Ftx never had, rather they were backed by politicians who use users' money for their political greed

Nothing different mate. It also had other influencers backing it up, just like Apocollapse has pointed out. I also remember sign its logo around different sports arena banners and everything looked so promising.

Another coin that almost went to the gutters is Cronos and as we speak. It has never gotten back to the level it was before, despite this early bull run. If my memory is still good, it's only BNB that managed to keep up when there was a lot of FUD surrounding Binance and CZ

[Sayeds56]

Exchanges that tend to do well have more chances of releasing a token that could also exceptionally well.

Of course if there are more people or clients using that particular exchange, you can expect them to trust that exchange and by extension trust the token that they will release as well. Tokens have some advantages for those who use it and the exchange so their success goes hand in hand

Your point is valid, it is true that exchanges with strong track record of performance with robust community such as Binance, Kucoin and Bybit are more likely to launch their own native token. The use case of such native token is its utility for transaction payment and staking for their launch pool/pad. Additionally, exchanges can leverage their user base and infrastructure to promote and support their token. This relationship between their tokens and exchanges can significantly contribute to their success.

[senyorito123]

On my personal activity, I didn't mind that too much though on my smart phone I do have social media applications like X, telegram and Facebook updates on exchanges I really don't make it as a big deal monitoring too much of those exchanges. Somehow, getting informations was just based on random ideas I gathered on several peers I get along with particular those times being discussed with several friends I had.
Sometimes it gives me headache seeing my previous coins got so high and now it went nothing on my balances of wallet. Performance of each exchange doesn't matter to me as long as can have the security of my asset at 101% safe.

[electronicash]

not so confident about that Bitget tbh i find it the next to FTX to crumble the market in the next bear market. SEC is already up to looking at this market every now and then and if they really wanted to regulate the market with efficiency, they would have looked into Biget already while it's yet not acting like a scam.

now that it's becoming popular it will be best for them to check out already. but i have a friend who signed up on this exchange which i gave him $300 to buy me BGB to keep in his account and will tell him when to sell it.

[Yogee]

Surprisingly those Bitget spammers got the top 2 spot and overtake almost all of the new exchanges. I never use this exchange before and I will never use this in the future due to the shill type you guys doing here in the forum.

I’m surprised that you forgot to include Kucoin on your list while it’s one of the oldest CEX that has a huge volume too probably next to Binance. Their KCS token too is also performing well. I doubt that the guy who created the graphics forgot it or else you guys just want to show Bitget getting the top 2 spot next to Binance?

Bitget's popularity probably rose after Binance was hit with multiple lawsuits and charged with hefty penalties. Kucoin is also undergoing the same ordeal right now. I think one of the main selling point of Bitget is that they are in compliance with the US regulators so no surprise if some speculators thinks it's a "safer" option that other CEXs.

[nelson4lov]

No way Bitget token is ahead of Bybit, OKX and Kucoin tokens. Oh my, I haven't been following the exchange tokens game for a while as I have been fixated on Binance's BNB (got in around $290 but TPed above $500). Bitget has been all the rage lately but I failed to acknowledge the moves the exchange has been pulling in the last 6 months.

In my books, After Binance, Kucoin is next on the list because despite the huge strides being made by Bitget, I'd still rank Kucoin higher but its hard to deny the fact that BGB Is almost 2x in marketcap the size of KCS.

Insane stuff.

[batang_bitcoin]

I hold BNB and that's why I think that I'll hold them for so long and might sell when it goes $1k per BNB. But with the others, I don't think that I'll ever get any exchange token anymore. There is not that much utility anymore as it just represents them and the value will vary based on the performance of the exchange and the volume that they have. While this becomes the stable trend that we're seeing even for the past bull runs, I think with the rise of the other projects, the competition will be tough to the new ones.

[Bureau]

I would still prefer accumulating more BNB than others. Above all I am quite happy with registering with one exchange and passing KYC than registering on every other. Most of these exchanges follow Binance in launching a new product therefore due to one exchange token giving 5x return doesn't mean everyone should go and buy BGB. There are other altcoins that can deliver more and can be kept for long term gains. 

[Belarge]

This is one of the simplest analysis that will tell you and show you how far not only an exchange can go but also how well their token could be in the long. I hope this help someone there trying to make decisions on exchanges to use and their token and for what purpose.

Exchanges plays major roles and they're actively involved with the current projects in the market. We have purposes in the market, but ruining them will definitely not bring any benefits. Providing the necessary aides will do some lifts for investors, always doing the almost tasks to filled ourselves with good purpose in the market, though it's not easy. Thereby crypto analysis carried our will definitely play a major role in the market, don't forget to always stick to the current phase.