Exchange coins operate independently on blockchains, whereas exchange tokens represent assets or utilities within specific projects on existing blockchains.
The purpose and functionality of exchange coins and tokens
![The purpose and functionality of exchange coins and tokens The purpose and functionality of exchange coins and tokens](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84ZTJiOTI1NTA1OWJiOTkwZDYwZGU4MWJhYTdjNzFlNS5qcGc=.jpg)
Exchange coins operate independently on blockchains, whereas exchange tokens represent assets or utilities within specific projects on existing blockchains.