Recent research by TokenInsight has shown that most exchange tokens have underperformed in comparison to Bitcoin.

Despite the increasing popularity of crypto exchange tokens like Binance Coin (BNB) and Bitget Token (BGB), Bitcoin (BTC) has emerged as a more lucrative investment option, as per analysts at TokenInsight. The study also highlighted that not all tokens have shown the same level of profitability, with some facing challenges due to regulatory pressures.

“Affected by regulations, BNB experienced a significant decline in the second half of 2023; However, it rebounded towards the end and surpassed last year’s all-time high at the beginning of 2024.” – TokenInsight

According to TokenInsight’s report, crypto exchange tokens collectively held a market cap of $68 billion in February, representing 3.2% of the total crypto market cap. However, this marked a slight decrease of about 0.3% from the end of 2023.

Despite Bitcoin’s dominance in the market, some exchange tokens like BGB and MX Token (MX) have managed to outperform it, with gains of 434% and 248% respectively. In comparison, Bitcoin saw a rise of over 200% since early 2023. TokenInsight analysts also noted that HTX’s HT and OKX’s OKB tokens were the only two tokens whose market value decreased, falling by 75% and 53% respectively from the beginning of 2023.

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