Again, the utility tokens of centralized crypto exchanges reach new all-time highs.
Indeed, on Wednesday, utility tokens from centralized crypto exchanges, including FTX, Binance, Huobi and OKEx, hit all-time highs.
As a fun fact, some of them set price records earlier this month.
Centralized crypto exchanges with new all-time highs
By the way, FTT from FTX, BNB from Binance and HT from Huobi have all seen the most significant growth since the beginning of the year.
Basically, according to Messari, there was an approximate increase of 249%, 238% and 161%, respectively.
Impressive returns are recorded
The tokens of the crypto exchanges are registering impressive returns. As more traders, they are using these exchanges to invest in cryptocurrencies.
By the way, some traders are turning their attention to centralized and decentralized cryptocurrency exchanges (CEX and DEX, respectively). This is helping to propel several of these exchanges’ tokens to new highs.
In this regard, Sam Bankman-Fried, co-founder and CEO of FTX, said: “FTX has set all-time highs in volume, traffic and revenue this month».
Adding: «It has also outperformed most other bags».
For its part, Ciara Sun, Vice President of Huobi Global Markets, also expressed that the price increase on Wednesday of HT, is due in part to the new record price of Bitcoin, earlier this week.
«HT is the native token that reflects the community’s perception of our ability to grow our influence. When we are doing well and the industry is doing well, it is reflected in its price.».
To recall, Bitcoin hit a new high on Monday, after US electric car maker Tesla announced the purchase of 1.5 billion of the cryptocurrency.
That is, Bitcoin increased by at least 11% to more than $ 43,000. Exceeding the previous maximum price of $ 41,962 reached on January 8.
According to Skew data, Binance, OKEx, Huobi, and FTX are shown to be among the top exchanges, with some of the largest open Bitcoin futures interests.
I close with this phrase from Publio Siro: «Things are worth what one is willing to pay for them».