The cryptocurrency space is anticipating a bull run similar to that of 2017 and the belief only got stronger after a fantastic performance in the first month. However, among all the digital currencies, exchange tokens like Binance coin have emerged as the biggest gainers.
<h2>Most Of The Gains In Double-digits</h2>
As per the<a href="https://cryptorank.io/"> cryptorank.io data</a>, most of the exchange tokens spiked in double-digit in January. The uptick which started in January and continued steadily for the month doesn’t seem to slow down. The uptrend is most probably going to remain for February.

Bitmex token was on the top with +34.8% gains for the month. The second top coin in terms of gains was Binance Coin (BNB) with +31.39% rise. Other exchange tokens that rose by double-digits were Gatechain Token (GT), Kucoin Shares (KCS),<a href="https://www.cryptoknowmics.com/crypto/binance-trading-fee-revenue-lagging-behind-huobi-and-okex/"> Huobi</a> Token (HT) and OKB. The rises were between 26% to 21% for these tokens.

The momentum hasn’t stalled yet and is likely to continue this month too. BTMX is posting +29% on the daily where BNB is +2.78% high. As the exchange token continues to rise and is providing their value in this volatile market, we might see more traders investing in it.
<h2>Binance Coin (BNB) Leading All Exchanges</h2>
The profound influence of exchanges is clearly visible from the growing value of its tokens. Last month, it was reported about the whopping 966,230 BTC<a href="https://www.cryptoknowmics.com/crypto/coinbase-ceo-prediction/"> Coinbase</a> has in its wallet, which indicates that these exchanges have large amounts of cryptocurrencies in custody as well. Exchanges are becoming the gatekeepers of crypto-assets dominating the trading world.

If the trading volumes continue to increase, the tokens will rise due to increasing activities on their platforms. Presently, Binance Coin (BNB) seems to lead all exchange token with $18.66 but is still far from its all-time high in June 2019, which was $39.90.

Exchange Tokens Dominating the Cryptocurrency Markets

Exchange tokens including Bitmex token, Binance coin, Gatechain Token, Huobi Token is leading the crypto market with double-digit gains in January.

Javeria is into the crypto world ever since she heard about it and is pursuing her interest through cryptoknowmics. She is a sensational poet, technical writer and content strategist. Not to mention that she can go crazy when it comes to vampires and Wonder woman.

Exchange Tokens Dominating the Cryptocurrency Markets

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