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Top 4 Native Crypto Exchange Tokens

Anyone hanging around the crypto space in 2023 will recall the meteoric rise of all crypto assets, BTC and ETH, especially, which peaked at $69,000 and $4,500, respectively. The entire bull run was by the BTC halving, ETH’s rampant innovation, and, most importantly, the DeFi and NFT craze. Since then, the crypto market has been in a 1-year-long recovery phase, with thousands of projects leaving the scene and even more coming up.

Since the bull run, one of the leading innovations was seen in the constant rise of Exchange Tokens. Starting in 2017, Exchange tokens have seen a meteoric rise from nothing to almost $57.5 Billion. The wave was initially started by Binance issuing its Binance Coin in 2017. That was supposed to act as an instigator of the Binance network. Since then, hundreds of exchanges have issued their native token to follow in Binance’s footsteps.

Top 4 Native Exchange Tokens

Binance Coin

Currently, the highest-standing exchange token in the market at 5th place, BNB, or Binance Coin, is a cryptocurrency created by the market giant Binance. Binance Coin (BNB) powers the Binance Ecosystem, from its exchanges to the futures market to other Binance applications. Binance issued the token in 2017 to function as a single utility token for all the services provided by the Binance Network.

As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more. Initially, Binance was issued as an ERC-20 token but was later migrated to Binance’s in-house Blockchain.

The supply schedule of the Binance coin is quite interesting. It follows a burning mechanism that takes away coins from circulation, depending on the network’s number of users. Binance plans to destroy BNB each quarter based on the trading volume on the exchange. The schedule is said to follow until 50% of the total BNB supply (100 million BNB) is burned. After that, all transactions will be recorded on the Blockchain. Eventually, only 100 million BNB will remain in circulation.

  • Founded: 2017
  • Ticker Symbol: BNB
  • Website:
  • Issued By: Binance Labs
  • Traded on: Binance, BKEX, BW

Leo Token

Following Binance in the list of exchange issued tokens is another market giant – Bitfinex. The LEO utility token is the native cryptocurrency of Bitfinex exchange. The token and its properties can frequently be compared to Binance’s native token, BNB. UNUS SED LEO (LEO) is a cryptocurrency token that operates on the Ethereum platform.

By classification, LEO is a utility token designed to empower the Bitfinex community by acting as the single point of interaction. In addition, LEO hopes to provide utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform. As of mid-2020, around 50% of the entire exchange token market cap is taken up by BNB and LEO.

When it was released in mid-2019, LEO was quite the talk of the town. Although, Bitfinex, traditionally linked to several backdoor practices, promised that LEO would be the company’s attempt to “open transparency” by providing real-time insights into all collected platform fees and subsequent LEO burns. Like BNB, LEO also follows a burn schedule that will slowly take out coins from circulation and hopefully push the holders’ price. Interestingly, even though Bitfinex issued the token, LEO’s highest trading volume is seen on the Dragon Exchange, followed by OMGFin.

  • Founded: 2019
  • Ticker Symbol: LEO
  • Website:
  • Issued By: Bitfinex, Inc.
  • Traded on: Dragon EX, Bitfinex, OKEx, OMGFin

Huobi Token

Chasing LEO’s dominance quite closely is the Huobi Token, the native cryptocurrency of the Huobi Exchange. HT is a decentralized digital asset based on Ethereum, with a limited total supply of 500 M, issued by Huobi Group. An argument can be made that Huobi, like Bitfinex before it, has followed the footsteps of Binance. Binance showed an exchange-issued token’s potential if an ecosystem were built around it.

HT holders enjoy the corresponding benefits of the whole ecosystem of Huobi and get ecological sub-token rewards, as well as the valuable promotion brought by “sustained repurchase and destruction,” another fancy phrase for Token Burning. Furthermore, Huobi Group manages the token issuance and burning mechanism through Blockchain, making the exchange transparent and secure to its investors.

  • Founded: 2019
  • Ticker Symbol: HT
  • Website:
  • Issued By: Huobi Exchange
  • Traded on: Huobi, BKEX.


OKB is a global utility token issued by the OK Blockchain Foundation to stimulate the growth of the OKX Exchange, along with other services by the foundation. According to the foundation, OKB has developed 52 application scenarios internally and externally, covering payments, market data, wallet, lending and wealth management, cybersecurity, travel, lifestyle, and entertainment applications, which allow holders to purchase products or services with OKB.

The initial token sale of OKB was quite an interesting event. The exchange had planned to sell 1 billion OKB tokens in the ICO, but about 700 million were burned immediately due to low demand. Of the remaining 300 million tokens, OKB is set to follow a burning mechanism that follows the same trajectory of attempting to increase token value by limiting supply.

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OKB provides a service fee discount for token holders, voting rights, and other special rights like exchange tokens. However, one thing that sets OKB apart from the other exchange tokens is that it allows holders to invest in projects on the OKEx Jumpstart, the foundation’s incubator arm.

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