Exchange Tokens are digital assets created by cryptocurrency exchanges to facilitate trading on their platforms. These tokens often provide users with benefits such as reduced trading fees, access to exclusive features, or participation in token sales. Many exchanges, like Binance and KuCoin, have their own native tokens, which can be traded on the exchange itself or other platforms. Users can earn these tokens through trading, staking, or participating in promotional events, making them an integral part of the exchange's ecosystem.