How Can Holding an Exchange’s Native Token Reduce Trading Fees?
Many cryptocurrency exchanges issue their own native tokens, which offer various benefits to holders. One of the most common utilities is a reduction in trading fees.
By holding a certain amount of the exchange's token in their account, users can receive a percentage discount on their maker and taker fees. Some exchanges also allow traders to pay for their trading fees directly with the native token at a discounted rate, further incentivizing its use and creating demand for the token.
Glossar
Native Token
Collateral ⎊ Native Token refers to the primary, fungible cryptographic asset issued by a specific blockchain protocol, frequently used as the unit of account, for staking, or as collateral within that ecosystem's derivatives markets.
Cryptocurrency Exchanges
Infrastructure ⎊ The underlying computational infrastructure supporting centralized and decentralized exchanges presents a significant energy consumption variable within the broader digital asset ecosystem.