Crypto Token What Are Exchange-based Tokens? An exchange token is a digital asset unique to a specific cryptocurrency exchange. These tokens are native to their parent exchange and are primarily used to fund the platform. Exchange tokens are exclusive to the platform they serve.
cryptocurrency Cryptocurrency: Coin Vs. Token What differentiates the two crypto assets is their utility. All coins are tokens, but not all tokens are coins. A coin is a digital asset that is unique to its blockchain. A token is a digital asset based on an existing blockchain.