- CryptoRank revealed that Binance is the top exchange launchpad in terms of average ROI.
- The research platform shared that Binance Launchpad has an ATH average ROI of 183.15x.
- Kucoin Spotlight, Gate.io Startup, Huobi Primelist and FTX IEOs were also included on CryptoRank’s top 5 list.
CryptoRank, a research and analysis platform, revealed that Binance is the top exchange launchpad in terms of all-time high (ATH) and current average return on investment (ROI). According to the platform, Binance Launchpad’s average ROI stands at around 17.66x.
Meanwhile, the ATH average ROI for Binance Launchpad is an incredible 183.15x. Furthermore, the platform has hosted 35 initial exchange offering (IEO) campaigns – raising an applaudable $133.22 million.
Ranked below Binance Launchpad are KuCoin Spotlight and Gate.io Startup. According to CryptoRank, these launchpads had respective average ROIs of around 3.47x and 0.586x. Notably, KuCoin Spotlight’s ATH average ROI stands at more than 40.5x, while Gate.io Startup’s best average RIO is 13.71x.
Ranked at the number 4 and 5 positions on the top 5 list of the best crypto IEO platforms is Huobi Primelist and FTX IEOs, which have average ROIs of 1.55x and 0.94x respectively. CryptoRank indicated that the ATH average ROI for Huobi Primelist was 29.09x. Meanwhile, FTX IEOs achieved a maximum average ROI of 62.67x.
Interestingly, Gate.io Startup has hosted significantly more IOE campaigns than the rest of the launchpads included in CryptoRank’s list. The research and analysis platform showed that the launchpad has run 329 IOE campaigns since its inception in 2017. The launchpad on the list with the next highest number of IEOs hosted is Huobi Primelist, which has launched 42 IEOs.
In related news, CoinMarketCap indicated that the native tokens for Binance, Huobi and FTX were able to print gains over the past 24 hours. At press time, Binance Coin (BNB) was up 0.02% to trade at $243.81. Huobi Token (HT) and FTX Token (FTT) were trading at $2.69 and $1.44 after their daily gains of 2.19% and 3.68% respectively.
On the other hand, KuCoin Token (KCS) and GateToken (GT) experienced 24-hour losses of 1.10% and 0.52%. As a result, KCS was trading at $5.97 at press time, while GT’s price stood at $4.19.
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