All crypto categories
Issued by a venue
Exchange tokens
An exchange token is the one crypto asset with an obvious business behind it: a venue that earns fees. Holders typically get trading discounts, and the issuer typically buys back and burns tokens with a share of revenue.
That makes them the closest thing in crypto to an equity, and it makes them carry the same risk: the token is a claim on a company's continued operation, in an industry where venues have failed abruptly and repeatedly.
The burn schedule is the number to read carefully. Some are tied to actual revenue and verifiable on chain; others are announced as a fixed quantity and funded from treasury, which is not the same thing at all.
103 coins
| # | Coin | Price | 24h | 7d | Market cap | 24h volume |
|---|---|---|---|---|---|---|
| 1 |  BitcoinBTC |
