Native Crypto Exchange Tokens in July: KuCoin Ahead of The Competition

Cryptocurrency exchanges are fundamental infrastructure elements that play an important role in the cryptocurrency market ecosystem. Like other significant projects, exchanges and exchange protocols have their own native cryptocurrencies, which are used within the ecosystem of the exchange’s products, and can also reflect their financial status. In July, the KCS cryptocurrency — the native token of the KuCoin cryptocurrency exchange — turned out to be the best performing asset compared to its competitors. The KuCoin (KCS) exchange token was trading at $7.36 at the beginning of the month. A week later, on July 7, its price doubled and amounted to $14.42. By the end of the month, the price of the KuCoin exchange token rose to $10.21. The overall increase in the price of KCS amounted to 38% in July. The Binance (BNB) exchange token started the month with a price of $299. On July 7, it reached a record monthly value of $338. However, three weeks later its price dropped to $256. On the last day of July, the BNB token was trading at $332 — 11% higher than at the beginning of the month. On July 1, the native cryptocurrency of the Huobi (HT) exchange boasted a price of $10.73. Unlike the KCS and BNB tokens, it did not demonstrate any significant growth and dropped in price to $7.57 on July 20, before returning to its starting values ​​of $10.79 at the end of the month. Thus, the KuCoin cryptocurrency was the most attractive for trader...