Exchange tokens are crypto assets that are unique to cryptocurrency exchanges. They serve as utility tokens and are used for transactions on their parent exchanges. However, as crypto exchanges are a crucial component of the ecosystem and make it easier for users to trade crypto assets, its native token has grown to be a valuable asset to hold in a portfolio.

With increasing uses of exchange tokens on crypto exchanges, such as providing reduced transaction fees, liquidity, voting rights, and so on, exchange tokens have proven to be a profitable investment. As a result, they have become a thing in the crypto ecosystem.

However, while 2022 was a challenging year for the crypto industry, with a bear season that lasted more than 13 months, crypto investors and enthusiasts are forecasting a market correction and rebound in 2023.

As a result of the market correction and recovery, more trades are projected to occur across various exchanges, resulting in increased trading volume on these exchanges and, as a result, increased usage of their native token to cover multiple fees. Indeed, exchange tokens are crypto assets with a significant potential return when the market recovers.

That being said, while we anticipate a bullish trend, here are 5 exchange tokens you should have in your portfolio in 2023.

Top 5 Exchange Token To Invest

Binance Coin (BNB)

BNB is the native token of the Binance exchange, one of the largest and fastest-growing cryptocurrency exchanges. BNB is the most valued exchange token on the market and the largest in terms of the trading volume. BNB is available in three network versions: Erc-20 on the ethereum network, Bep-2 on the binance chain, and Bep-20 on the binance smart chain. Traders utilize BNB to pay for various product features on the platform, giving the token more utility.

Therefore, because of its vast user base and trading volume, BNB is predicted to have an exponential price increase when the market recovers, increasing the demand for the exchange token. As a result, BNB appears poised for a surge when the market rebounds, making it a must-have asset in 2023.

Cronos (CRO)

CRO is the native token of the Crypto.com exchange, which is built on the Ethereum network. CRO boasts decentralized blockchain technology by the exchange's payment and financial services community. CRO provides cash-back rewards for using the token to pay for platform services. For example, CRO is used as collateral for loans on the platform and payment to merchants at a 20% discount.

Cronos Exchange also offers a non-fungible token (NFT) marketplace and transaction payouts with 8% cash-back that may be used in over 40 countries. CRO holders can earn daily rewards and interest and monetize their crypto holdings without selling them.

Given its functionality, CRO is one of the best exchange tokens to invest in your crypto portfolio when the market recovers.

UNUS SED LEO

LEO is a utility token used throughout the IFinex ecosystem. LEO is described as "the utility token at the heart of the iFinex ecosystem." The token is used on the Bitfinex cryptocurrency exchange to reduce trading, lending, and other exchange expenses.

LEO is one of the few cryptocurrencies having a restricted lifecycle built into its protocols, which is one of the project's many distinguishing features. LEO's limited lifespan and the protocol's 27% of gross revenues to buyback scheme at market pricing until no tokens remain in commercial circulation makes it one of the best exchange tokens to invest.

OKB Token

OKB is the cryptocurrency exchange OKX's native utility token. It is used to set and pay trading commissions, to allow users to vote and govern the platform, and to compensate users who own OKB tokens. OKB's goal is to connect potential digital asset projects with OKX users and professional investors, thereby creating an OKX ecosystem that promotes the development of blockchain technology and the digital asset sector.

OKX burns tokens every three months to add value to OKB and make the digital currency more desirable to holders. In addition, 30% of the income from OKX spot trading fees is used to purchase back OKB from the total supply of 300 million tokens, increasing the market value.

While other cryptocurrencies have fallen drastically this bear season, the average price of the OKB coin has remained relatively stable. As a result, holding an OKB token in your portfolio could yield a significant return when the market recovers.

Huobi Token (HT)

Huobi token is the native token that powers the entire Huobi Global ecosystem. HT is a utility token that adheres to the ERC-20 technical token standard. The token's primary role is to lower commissions for trading operations on the exchange, typically paid from users' wallets. However, the token has a lot more to offer. For example, users can utilize HT to purchase monthly VIP-status plans to obtain transaction cost savings. In addition, token holders can vote on exchange decisions, receive cryptocurrency prizes for seasonal buybacks, and gain early access to special events.

As a result, HT is an excellent long-term investment and one of the projected assets to hit a new high during a bull run. Therefore, it's a valuable asset to have in your portfolio.

How To Buy Exchange Tokens

You now have the best exchange token to include in your cryptocurrency portfolio, with the potential for a significant return.

So, where do you go to get these tokens?

As previously stated, exchange tokens are unique to their parent exchange and can be purchased, sold, and swapped on the exchange. On the other hand, exchange tokens are not bound to their parent platforms. Instead, you can get them via other exchanges or crypto wallet providers, like Cwallet, that have them listed on their platform.

However, It is important to note that this is not financial advice and that the list is provided solely for educational purposes. As a result, before committing to a project, you should conduct your own research, as investing in cryptocurrency is risky.

Get Your Cryptocurrencies On Cwallet

Cwallet allows you to deposit, withdraw, and swap any cryptocurrency fast and at the lowest possible cost. Furthermore, tokens can be exchanged among the 800+ cryptocurrencies available on Cwallet. As a result, Cwallet has the lowest transaction costs for both cross-chain and "on-chain" swaps. In addition, you can exchange different currencies within your wallet for free!

Cwallet's price charts are updated in real-time, allowing you to receive real-time updates on the top cryptocurrencies to invest in with Cwallet.

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