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if youve been watching the cryptocurrency leaderboards as closely as i have then youve probably noticed an interesting phenomenon exchange tokens are quickly rising up the ranks and almost all of them have seen exponential growth over the past few months now this is not all that surprising given that these tokens offer perks to traders on their respective exchanges and trading volumes on centralized exchanges have increased in accordance with the bull market however thats not all these exchange tokens are used for many cryptocurrency exchanges are also building out their own centralized defy ecosystems which add an entirely new dimension of use cases to exchange tokens namely as payment for network fees if binances bnb is any indication these exchange tokens may just be getting started so today im going to be taking a closer look at the binance coin as well as the hobie token and the ftx token to see if they have any actual potential or whether all this recent price action is jus
