Centralized cryptocurrency exchanges (CEX) are currently a key element of the sector, especially considering the numerous products and services they offer, starting from the simple purchase and sale of cryptocurrencies, up to the possibility of earning by blocking them (Earn/staking), to the custody of funds and much more, directly influencing the liquidity and stability of the entire market.
The report is divided into paragraphs and a score based on the product/service.
Below the article I will leave the link to view it in full so as not to miss any important information.
I will therefore limit myself to summarizing only some of the most incisive elements, from my point of view, naming the top three in the ranking by paragraph.
Earn Product
In first place for the number and quality of EARN products we find Gate.io, with 16 products available including Simple Earn which is the simplest, up to the most complex ones such as Double No Touch, Snowball, Range Accrual, Shark Fin, Liquidity Mining and many others.
Bitget follows in the second post with 11 products and Bybit with 10 products.
Wallet & Launchpad
Here too, first place with a large margin, we find Gate.io with 963 Launchpad Projects, launched at a rate of 1 every 2 days.
Second place for Binance with 83 Launchpad projects at a rate of 1 per quarter and second place for Bybit with 25 launchpad projects, at a rate of 1 every approximately 1 and a half months.
Token Tracker
In terms of marketcap, the winner clearly remains Binance's BNB despite the performance being very mixed due to the lawsuit filed by the SEC in June.
In terms of performance, the winners are BGB (Bitget) and MX (Mexc) with increases of 434% and 248% respectively from January 2023 to February 2024, the only two that have had increases greater than Bitcoin (BTC) which has an increase of 216% approximately.
The worst is Huobi Token (HT) which dropped by 75%.
As promised I leave the links to continue reading which I recommend to everyone:
https://tokeninsight.com/en/research/reports/crypto-exchange-product-report-2024
https://tokeninsight.com/en/research/reports/crypto-exchange-token-tracker-feb-2024
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Here below some links if you'd like to support me:
Sign up to Nexo and get $35 in Bitcoin,16% APY on your stablecoins and 2% cashback on Nexo Card by depositing and holding at least $500 for 30 days
https://nexo.com/ref/j6atsfddtw?src=android-link
Freecash (earn 20/100$ each month without cash investment)
Cointiply (earn 20/100$ each month without cash investment)
