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Exchange coins utility, explained

The list includes Binance, Coinbase, FTX, OKEx, Kucoin and HitBTC.

There are over 90 different exchange coins, according to CoinMarketCap, many belonging to the biggest names in the cryptocurrency industry. Determining which coins to invest in will come down to a question about the exchange and its benefits.

HitBTC has proven itself a powerful contender for those interested in advanced exchange functionality. As one of the largest spot trading exchanges in the industry, boasting over 800 trading pairs and over 400 spot instruments and other customer-focused functionality, including their own exchange coin, HIT.

HitBTC token was released in 2021 to provide incentives and rewards to crypto exchange traders and other contributors to the HitBTC ecosystem. These benefits include fee discounts for spot and margin trades, marginal interest for holding the HITBTC token in a trading account, and increased leverage. Over the last few months, the coin has seen significant growth, showcasing the growth in community activity in the HitBTC ecosystem.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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