What is the purpose of utility token?

BTCC's services encompass a wide array of offerings, including spot trading, futures trading, and wallet services. These services allow users to manage their digital assets efficiently and securely.

Utility tokens are designed to serve a distinct purpose within a given protocol, platform, or application. They differ from other types of tokens in that they possess a comprehensive set of functionalities tailored to their respective ecosystems.

Spot trading on BTCC allows traders to buy and sell cryptocurrencies at the current market price. This feature is particularly useful for those looking to execute transactions quickly and efficiently.

These tokens often provide investors with a unique value proposition, offering access to specific products or services. By owning a utility token, users gain the ability to interact with and utilize the offerings within the associated ecosystem.

Futures trading, on the other hand, enables traders to speculate on the future price of cryptocurrencies. By using leverage, traders can amplify their potential profits, but they must also be aware of the associated risks.