Exchange Tokens

140 coins #17

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Price Market cap 24h
1 BNB BNB $ 641.71
$ 87.49B
$ 87.49 billion
+0.56%
2 Hyperliquid HYPE $ 40.32
$ 12.06B
$ 12.06 billion
+3.29%
3 Cronos CRO $ 0.0750
$ 3.17B
$ 3.17 billion
+0.09%
4 Uniswap UNI $ 3.58
$ 2.27B
$ 2.27 billion
+0.44%
5 OKB OKB $ 88.02
$ 1.85B
$ 1.85 billion
-0.16%
6 Bitget Token BGB $ 2.14
$ 1.50B
$ 1.50 billion
+0.03%
7 KuCoin Token KCS $ 8.14
$ 1.08B
$ 1.08 billion
+1.44%
8 GateToken GT $ 6.85
$ 789.30M
$ 789.30 million
+1.85%
9 Jupiter JUP $ 0.159
$ 557.36M
$ 557.36 million
+0.86%
10 PancakeSwap CAKE $ 1.37
$ 453.08M
$ 453.08 million
-2.59%
11 Sun SUN $ 0.0180
$ 345.20M
$ 345.20 million
+1.75%
12 Curve DAO Token CRV $ 0.235
$ 344.49M
$ 344.49 million
+1.04%
13 Aerodrome AERO $ 0.322
$ 297.82M
$ 297.82 million
+1.09%
14 Raydium RAY $ 0.617
$ 165.76M
$ 165.76 million
+1.51%
15 MX Token MX $ 1.79
$ 164.64M
$ 164.64 million
+0.15%
16 THORChain RUNE $ 0.422
$ 148.27M
$ 148.27 million
+1.07%
17 BitMart Token BMX $ 0.301
$ 98.27M
$ 98.27 million
-0.10%
18 FTX Token FTT $ 0.292
$ 95.88M
$ 95.88 million
+3.27%
19 KUB Coin KUB $ 0.900
$ 80.10M
$ 80.10 million
-0.25%
20 SUSHI SUSHI $ 0.201
$ 58.68M
$ 58.68 million
+0.53%
21 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.02%
22 Loopring LRC $ 0.0251
$ 34.47M
$ 34.47 million
+7.66%
23 Osmosis OSMO $ 0.0331
$ 25.39M
$ 25.39 million
+1.67%
24 Cetus CETUS $ 0.0209
$ 19.29M
$ 19.29 million
+11.34%
25 THENA THE $ 0.147
$ 19.03M
$ 19.03 million
-3.39%
26 Velodrome Finance VELO $ 0.0146
$ 16.23M
$ 16.23 million
-0.91%
27 DODO DODO $ 0.0152
$ 11.82M
$ 11.82 million
-0.77%
28 Balancer BAL $ 0.157
$ 10.68M
$ 10.68 million
-1.58%
29 Maverick Protocol MAV $ 0.0143
$ 10.26M
$ 10.26 million
+3.49%
30 JOE JOE $ 0.0392
$ 8.58M
$ 8.58 million
+0.05%
31 Quickswap[New] QUICK $ 0.0106
$ 7.84M
$ 7.84 million
-0.30%
32 Bluefin BLUE $ 0.0177
$ 6.94M
$ 6.94 million
-0.03%
33 Pangolin PNG $ 0.0284
$ 6.54M
$ 6.54 million
+0.61%
34 IDEX IDEX $ 0.00493
$ 4.93M
$ 4.93 million
+7.47%
35 HTX HTX $ 0.0₅170
$ 3.20M
$ 3.20 million
+0.21%
36 Time TIME $ 2.90
$ 2.06M
$ 2.06 million
-1.27%

The coins below are ranked lower due to missing data. Learn more

37 LEO LEO $ 9.23
$ 8.50B
$ 8.50 billion
+0.28%
38 BTSE Token BTSE $ 1.47
$ 238.02M
$ 238.02 million
-3.51%
39 Huobi Token HT $ 0.182
$ 91.15M
$ 91.15 million
+2.07%
40 LCX LCX $ 0.0687
$ 65.24M
$ 65.24 million
-8.06%
41 THORSwap THOR $ 0.0620
$ 30.98M
$ 30.98 million
+2.71%
42 THORChain Yield TCY $ 0.141
$ 29.63M
$ 29.63 million
+3.99%
43 VVS Finance VVS $ 0.0₅146
$ 23.48M
$ 23.48 million
+0.20%
44 Rujira RUJI $ 0.230
$ 17.13M
$ 17.13 million
-0.26%
45 Bitrue Coin BTR $ 0.0163
$ 13.10M
$ 13.10 million
-0.43%
46 ASD ASD $ 0.0162
$ 12.05M
$ 12.05 million
+0.19%
47 WazirX WRX $ 0.0259
$ 10.85M
$ 10.85 million
+14.25%
48 Minswap MIN $ 0.00573
$ 10.06M
$ 10.06 million
-1.22%
49 CoinEx Token CET $ 0.0301
$ 6.05M
$ 6.05 million
+0.76%
50 Camelot Token GRAIL $ 80.85
$ 1.97M
$ 1.97 million
-0.04%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Cetus CETUS $ 0.0209
$ 19.29M
$ 19.29 million
+11.34%
Loopring LRC $ 0.0251
$ 34.47M
$ 34.47 million
+7.66%
IDEX IDEX $ 0.00493
$ 4.93M
$ 4.93 million
+7.47%
Maverick Protocol MAV $ 0.0143
$ 10.26M
$ 10.26 million
+3.49%
Hyperliquid HYPE $ 40.32
$ 12.06B
$ 12.06 billion
+3.29%
All Gainers

What are exchange tokens?

Exchange tokens are proprietary cryptocurrencies minted by centralised exchanges (CEXs) to bootstrap liquidity, reward loyalty, and power parallel ecosystems.
Holders unlock trading-fee discounts, staking yields, card cashback, launchpad allocations, and sometimes governance rights over a dedicated blockchain (e.g., BNB Chain).
Market leaders include BNB, OKB, CRO, KCS, and HT; combined market-cap exceeds $100 B but is tightly coupled to exchange health.

Quick Facts

  • Purpose: Reduce fees, raise capital, incentivise staking, fund buy-back burns, power chain gas.
  • Supply model: Usually capped with quarterly burns funded by platform profits (deflationary).
  • Blockchains: Mostly ERC-20 initially; later migrated to native chains (BNB, Cronos, OKTC).
  • Regulatory grey zone – often classed as utility tokens, but SEC has flagged some as potential securities.
  • Counter-party risk – value collapses if exchange becomes insolvent (FTX ➔ FTT -99 %).

Top Exchange Tokens (Live Examples)

Token Ticker Exchange 2024 Perks Snapshot
BNB BNB Binance 25 % fee discount, BNB Chain gas, launchpad lottery.
Cronos CRO Crypto.com Card cashback up to 5 %, trading rebates, NFT drops.
OKB OKB OKX Fee discounts, Jumpstart launchpad, OKTC gas.
KuCoin Token KCS KuCoin Daily dividend (50 % platform rev-share), fee discount.
HTX Token HT HTX (ex-Huobi) Fee rebates, PrimePool access, chain gas.
Bitget Token BGB Bitget Futures fee discount, launchpad, copy-trading boosts.
MX Token MX MEXC Launch-Kickstarter votes, fee discounts, airdrops.

How It Works

  1. Exchange mints token → sells or airdrops to early users.
  2. Traders opt-in to pay fees in the token → receive 10-25 % discount.
  3. Quarterly burn – platform uses part of profits to buy & burn tokens, reducing float.
  4. Staking tiers – lock X tokens for higher APY, lower futures fees, or launchpad allocation weight.
  5. Ecosystem expansion – token becomes gas for native chain, DeFi, NFT marketplaces, and cards.

Benefits

  • Cheaper trading – fee discounts compound for high-volume users.
  • Passive income – staking, dividends, and launchpad flipping can beat bank rates.
  • Launchpad access – new-token sales often require exchange-token tickets, creating scarcity.
  • Ecosystem gas – BNB, CRO, OKB needed for dApps, NFT mints, and validator staking.
  • Deflationary burns – supply shrinks as exchange revenue grows (theoretically price-supportive).

Risks & Trade-offs

  • Centralised issuer – exchange can change utility rules or burn schedule at will.
  • Solvency contagion – token price crashed 70-99 % when FTX, Celsius, and Voyager folded.
  • Regulatory action – SEC suits against exchanges can delist or freeze token utility (e.g., BUSP).
  • Low float manipulation – thin order books allow insiders to pump perks temporarily.
  • Circular value – token worth less if trading volumes drop, creating reflexive downside.
  • Staking lock-ups – 30-180 day unbonding periods prevent quick exits during crises.

Final Thoughts

Exchange tokens are loyalty points on steroids: they save money today, fund launches tomorrow, and occasionally morph into full-blown L1 gas.
The catch? Your investment is a bet on both crypto trading volumes and a single company’s balance sheet.
Use them for discounts or short-term trades, but don’t HODL blindly—track proof-of-reserves, burn wallets, and regulatory headlines.

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