Native exchange tokens are cryptocurrencies issued by cryptocurrency exchanges themselves. They play an important role in the platform ecosystem and have a number of unique features and advantages. Here are some of the main features of such tokens:

1. Discounts on trading commissions

By using native tokens, exchange users often receive discounts on trading fees. This makes trading more profitable and attractive, especially for active traders. An example is Binance Coin (BNB), which allows you to save on fees when trading on Binance.

2. Participation in IEO and other events

Many exchanges provide exclusive access to Initial Exchange Offering (IEO) for native token holders. For example, OKB (OKX) and HT (Huobi) give their holders the opportunity to participate in new projects and receive rare tokens on favorable terms.

3. Staking and profitability

Native token holders can earn by participating in staking programs. This allows them to earn passive income simply by holding tokens on an exchange. For example, FTX Token (FTT) supported staking until the exchange was shut down, and KuCoin Token (KCS) generates revenue from the distribution of the platform's trading fees.

4. Voting and participation in management

Some exchanges give their users the right to vote on the addition of new tokens and features if they have native tokens. This helps create a more democratic ecosystem and gives users the opportunity to influence the future development of the platform.

5. Providing liquidity

Exchanges use their native tokens to maintain liquidity on the platform. This helps reduce spreads and improves trade execution. In this regard, such tokens play an important role in maintaining the stability of the trading process.

Examples of native tokens:

BNB (Binance Coin) — Binance

HT (Huobi Token) — Huobi

UN — OIC

KCS (KuCoin Shares) — KuCoin

Native tokens are more than just cryptocurrency. They are the key to taking advantage of the platform, reducing costs, generating revenue, and participating in the exchange.