Exchange Tokens

Jan 24, 2023 • 13 Min Read

What are Exchange Tokens?

Centralized exchanges are centerpieces in the crypto industry and have garnered some of the highest historical valuations in both private and public markets. Despite their core function in the space, we have seen that they can be highly cyclical, and their performance is most often dependent upon price action. Further, the business model and value proposition have been revealed to be quite simple: provide users with access to crypto trading 24/7, 365 days a year, while charging a fee for providing a liquid and secure market for cryptoassets. Leaving aside any anci...

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