Why Are Crypto Exchange Tokens On a Tear Today?

Big day for @OKEx. The long-awaiting OKChain testnet, the launch of #OKDEX, all of them are just the beginning towards a more decentralized and open future. A future with infinite possibilities. Let me explain them one by one. https://t.co/hgQkgz0RLf pic.twitter.com/bGbNLtqRTa — Jay Hao (@JayHao8) February 10, 2020

The move has basically mirrored what Binance did last year launching its own Ethereum competitor in Binance Chain and DEX back in April last year. Binance market share has grown since then swallowing up rivals such as Bittrex, Poloniex and Bitfinex. Huobi Token Chases The other top performing crypto asset is another exchange token, HT. This one has cranked from $3.90 yesterday to $4.75 a few hours ago in a 22% pump. Huobi Token was one of 2019’s top performing crypto assets with a surge of almost 150%, outperforming even bitcoin. Today’s momentum comes following an announcement that Huobi will Join the Klaytn Global Blockchain Governance Council, led by South Korean internet giant Kakao.

Binance Coin has had a solid start to the year with a gain of 76% so far but has remained flat on the day at just under $25 as it pulls back slightly. The Bitfinex LEO token is up 26% this year and 3% on the day, also defying the market wide correction. Will exchange based crypto currencies continue to surge this year? Add your thoughts below. The post appeared first on Bitcoinist.com.

source: https://bitcoinist.com/why-are-crypto-exchange-tokens-surging-today/

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