Best Crypto Exchange Tokens to Buy: BNB Hits Record High, OKB Soars 129%, Best Wallet Raises $15M
Bitcoin trades below $113,000 after a 0.4% loss on Friday and a 5.2% loss this week, but it’s not all bad news in the market. Crypto exchange tokens are experiencing a rapid surge in prices as investors reawaken to the value of tokens backed by legitimate business models.
The move comes after months of heavy capital inflows into spot crypto ETFs, affirming that institutional demand is here. This signals industry maturity, thereby helping to legitimize the business of crypto exchanges.
However, it’s not just long-term industry growth and investor sentiment driving price gains this week; bold ecosystem developments are causing some exchange tokens to skyrocket.
For investors looking to capitalize on this trend, let’s explore the three best crypto exchange tokens to buy. We’ll analyze the catalysts of the price boom, the current market landscape, and how this could impact future token prices.
BNB
BNB is the Binance exchange’s native cryptocurrency. After a challenging few years due to regulatory issues, Binance is strengthening its position as the world’s leading centralized exchange, with increased compliance in the UK and EU helping expand its market share. Additionally, the exchange is attracting institutional adoption, with the company launching products like institutional loans last month.
As a result, Binance holds the largest market share among all centralized exchanges, facilitating 27% of the total CEX trading activity over the past 24 hours.
The BNB coin offers benefits on the Binance exchange, such as trading fee discounts and access to exclusive features and token launch events. Furthermore, BNB is the native coin of the Binance Smart Chain network, providing additional demand drivers and supporting its growth.
For these reasons, BNB surged to a new all-time high (ATH) of $881 on Thursday.
With momentum behind it and a strong fundamental outlook, BNB is positioned among the best crypto exchange tokens to buy right now.
OKB
OKB is the native token of the OKX exchange. Like BNB, OKB offers perks like fee discounts and access to exclusive features on the platform. Interestingly, OKX is currently the second-largest CEX by trading volume, with $3.8 billion worth of crypto swaps on its platform in the last 24 hours.
Coinbase has recorded just $2.5 billion in volume in that same window, yet its stock is valued at nearly $80 billion, while OKB’s market cap is around $4 billion. Although we can’t draw a definitive conclusion by comparing a stock and token valuation, this suggests that OKB certainly has room for growth – especially considering that BNB is valued at $118 billion.
Currently, OKB stands out as the top-performing cryptocurrency, rising 14% daily and 129% this week. Its surge is driven by a historic token burn of 279 million OKB, worth approximately $26 billion. This reduced the circulating supply by about 90% and lowered the total supply to just 21 million tokens – the same number as Bitcoin.
Another bullish factor is that OKX has just launched its Ethereum L2, X Layer, which utilizes OKB for gas fees, thereby creating a utility-driven demand source that indicates long-term potential and boosts market sentiment.
Best Wallet Token
Best Wallet Token is experiencing a surge this week, alongside the broader exchange token market. But what sets Best Wallet apart is that it offers similar features to a top centralized exchange, but it’s a multi-chain, non-custodial crypto wallet.
This means that users gain the full benefits of self-custody of their funds, no KYC, enhanced privacy and security – while also accessing powerful features such as a cross-chain DEX that supports every token on over 50 blockchains, a crypto debit card, futures trading, a token launchpad, a staking aggregator, and much more.
Best Wallet is bringing the best of CeFi on-chain, leading to a surge of capital inflows to $BEST token. The project is currently in a presale, having just reached the
$15 million raised
milestone, a massive achievement that reflects strong investor support.
Apart from its use case, what makes Best Wallet Token stand out is its low valuation compared to multi-billion-dollar giants like BNB and OKB. This could indicate significant growth opportunities for $BEST in the coming months, potentially even delivering gains much higher than those seen by OKB this week.
Visit Best Wallet Token
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