Token

Cronos

Bitget Token

Centralized exchange tokens are doing well as most experienced a strong surge in volume amid the ongoing bull run.
Bitget Token (<a href="https://crypto.news/price/bitget-token/" target="_blank" rel="noopener noreferrer nofollow">BGB</a>) has emerged as the best-performing CEX token as it jumped to a record high of $3.9672. It has soared by more than 545% from its lowest level this year, giving it a market cap of over $5.2 billion.&nbsp;
Cronos (<a href="https://crypto.news/price/cronos/" target="_blank" rel="noopener noreferrer nofollow">CRO</a>), which is associated with Crypto.com, rose by over 20% on Dec. 17, valuing it at over $5.1 billion.&nbsp;
Binance Coin (<a href="https://crypto.news/price/bnb/" target="_blank" rel="noopener noreferrer nofollow">BNB</a>) token, on the other hand, has remained in a consolidation phase at its all-time high in the past few weeks. It has risen by 130% this year, outperforming most cryptocurrencies. As we wrote recently, <a rel="noopener noreferrer nofollow" href="https://crypto.news/can-bnb-price-hit-1100-as-staking-yield-hits-12/">Binance Coin has strong technicals</a> that could push it to $1,100 in the near term.
Bitget Token and Cronos have rallied because of their rising volumes as the crypto industry booms. Binance maintains a leading market share and is followed by Crypto.com. 
According to <a href="https://www.coingecko.com/research/publications/centralized-crypto-exchanges-market-share" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a>, Bitget has become the ninth largest exchange in the industry. It handled crypto volume <a href="https://coinmarketcap.com/rankings/exchanges/" target="_blank" rel="noopener noreferrer nofollow">worth $5.6 billion</a> in the last 24 hours, while Crypto.com had a volume of $10.1 billion.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ethereum-price-stalls-at-key-price-but-on-chain-metrics-point-to-a-surge/"> Ethereum price stalls at key price but on-chain metrics point to a surge </a>
<h2 class="wp-block-heading" id="bitget-token-is-different-from-bnb-and-cronos">Bitget Token is different from BNB and Cronos</h2>
Bitget Token is significantly different from Cronos and BNB. It is a CEX token that gives holders privileges like discounts, staking, and profit sharing.&nbsp;
CRO and BNB, on the other hand, power their respective layer-1 networks. Cronos has a vibrant ecosystem that includes popular platforms like VVS Finance, Tectonic, Orby Network, and Veno Finance. Its total value locked stands at over $610 million, while its stablecoin market cap is $18.52 million. BNB, on the other hand, powers the BNB Smart Chain, which has <a href="https://defillama.com/chain/BSC" target="_blank" rel="noopener noreferrer nofollow">a TVL of over $5.86 billion</a>.
These tokens are often seen as a good proxy of the performance of their CEX exchanges. That’s because all of them, except Coinbase, are not publicly traded. Coinbase shares have jumped by over 110% in the past 12 months as its volume rose.&nbsp;
BGB, Cronos, and BNB prices may continue doing well this year as cryptocurrencies rally. Bitcoin has already jumped to a record high of $108,000, and our analysis showed that it may <a href="https://crypto.news/bitcoin-price-can-hit-200k-in-2025-but-crossing-122k-will-be-crucial/" target="_blank" rel="noopener noreferrer nofollow">soon soar to $122,000</a> in this cycle. This rally may bring in more volume to centralized and decentralized exchanges.
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Exchange tokens Bitget, and Cronos surge as BNB price lags

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