Exchange tokens BNB, ZB Token take a step forward — here’s why
Bitcoin prices have surged by over 90% year-to-date, driven by multiple factors including higher institutional interest.
Although Bitcoin garners most of the attention, there are several altcoins that have been seeing even greater gains, such as Ethereum, Polkadot, Filecoin, and some exchange based tokens with the likes of BNB and ZB Token.
Ethereum is up 170,6% since January 1, adding to gains of more than 660% over the last year. Polkadot is up 321,2% since January 1, while Filecoin has climbed 81,7%.
The top exchanges for trading in Polkadot are currently Binance, ZB.com, Huobi Global, and OKEx.
The prices of BNB and ZB Token, two top five exchange based tokens have climbed by 685,8% and 167,6%, respectively, since the beginning of 2021 as traders keen not to miss out on the bitcoin and crypto bull run have flocked to the TOP major crypto exchange platforms such as Binance and ZB.com.
“Exchange tokens,” as they are called, offer holders discounts on trading fees and other benefits.
ZB.com offers a tiered discount on trading fees for ZB Token (ZB) holders. The amount of the discount depends on the user’s ZB balance, the transaction fee could be as low as 0.03%.
Compared with Bitcoin, the №1 cryptocurrency by market cap, both BNB and the ZB Token (ZB) have outperformed bitcoin since the beginning of 2021.
BNB entrance to the top three coins by market capitalization follows a massive rally. ZB Token, a cryptocurrency issued by the most trusted digital asset exchange ZB.com, has also benefited during the current crypto bull run and ZB’s market cap has risen to over $303 million, up 30% over the past 24 hours, according to data from CoinMarketCap.
ZB Token is trading at $0,65, up 34% over the past 24 hours, a 132% rally in 30 days.