Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Zeddicus on July 30, 2023, 01:51:04 AM
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The wealth creation effect is a significant achievement of a reputable CEX. It presents users with abundant opportunities for earning in various ways, particularly through the exchange's native coins. Recent research reveals fascinating insights into the performance of prominent exchanges in this regard. Binance's platform coin, BNB, demonstrated a maximum increase of 42% this year, though it currently undergoes a slight decrease of 1.7% presumably due to the lawsuit against SEC. Huobi and Bitmart happens to have seen the worst performance. Notably, OKX's coin emerged as the second-best performing, exhibiting an impressive maximum increase of 122% and a current increase of 62.4%, surpassing its previous year's performance. Taking the lead is Bitget's platform coin, BGB, with the highest increase of 185.5% and a current increase of 156%, both exceeding the 100% mark, indicating a remarkable positive shift from last year's 102%. These results may be attributed to the platform's strategic focus on spot trading and the empowerment of BGB through initiatives such as staking, launchpool, super airdrops, and launchpad. It begs the question: are there other factors influencing the exceptional performance of certain trading platforms coins?