Exchange Tokens

144 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 $ 627.20
$ 84.53B
$ 84.53 billion
+0.77%
2 Hyperliquid HYPE $ 43.90
$ 13.12B
$ 13.12 billion
-3.04%
3 Cronos CRO $ 0.0709
$ 3.00B
$ 3.00 billion
+1.64%
4 Uniswap UNI $ 3.40
$ 2.17B
$ 2.17 billion
+4.18%
5 OKB OKB $ 86.31
$ 1.81B
$ 1.81 billion
+0.55%
6 Bitget Token BGB $ 1.89
$ 1.33B
$ 1.33 billion
-0.75%
7 KuCoin Token KCS $ 8.59
$ 1.16B
$ 1.16 billion
-0.06%
8 GateToken GT $ 7.24
$ 833.29M
$ 833.29 million
-0.48%
9 Jupiter JUP $ 0.183
$ 648.21M
$ 648.21 million
+6.41%
10 PancakeSwap CAKE $ 1.61
$ 527.30M
$ 527.30 million
+0.02%
11 Aerodrome AERO $ 0.414
$ 381.53M
$ 381.53 million
+10.00%
12 Sun SUN $ 0.0186
$ 358.09M
$ 358.09 million
+2.54%
13 Curve DAO Token CRV $ 0.232
$ 340.54M
$ 340.54 million
+3.54%
14 Raydium RAY $ 0.681
$ 183.09M
$ 183.09 million
+1.31%
15 MX Token MX $ 1.78
$ 163.04M
$ 163.04 million
+0.08%
16 THORChain RUNE $ 0.419
$ 146.99M
$ 146.99 million
+1.98%
17 FTX Token FTT $ 0.317
$ 104.43M
$ 104.43 million
+4.91%
18 KUB Coin KUB $ 0.852
$ 75.85M
$ 75.85 million
+0.46%
19 SUSHI SUSHI $ 0.216
$ 62.28M
$ 62.28 million
+3.62%
20 Gemini dollar GUSD $ 0.999
$ 35.67M
$ 35.67 million
-0.13%
21 Osmosis OSMO $ 0.0331
$ 25.43M
$ 25.43 million
+4.02%
22 Loopring LRC $ 0.0167
$ 22.87M
$ 22.87 million
+0.35%
23 Quickswap[New] QUICK $ 0.0114
$ 21.25M
$ 21.25 million
+2.21%
24 VVS Finance VVS $ 0.0₅131
$ 21.11M
$ 21.11 million
+0.55%
25 Cetus CETUS $ 0.0217
$ 20.27M
$ 20.27 million
+4.08%
26 Velodrome Finance VELO $ 0.0163
$ 18.73M
$ 18.73 million
+8.34%
27 DODO DODO $ 0.0177
$ 13.78M
$ 13.78 million
+1.31%
28 THENA THE $ 0.105
$ 13.52M
$ 13.52 million
+1.84%
29 Maverick Protocol MAV $ 0.0165
$ 13.31M
$ 13.31 million
+3.66%
30 Balancer BAL $ 0.157
$ 10.67M
$ 10.67 million
-0.94%
31 JOE JOE $ 0.0458
$ 10.03M
$ 10.03 million
-0.70%
32 Bluefin BLUE $ 0.0173
$ 8.19M
$ 8.19 million
+1.15%
33 Pangolin PNG $ 0.0272
$ 6.27M
$ 6.27 million
-1.01%
34 HTX HTX $ 0.0₅178
$ 3.36M
$ 3.36 million
-0.44%
35 IDEX IDEX $ 0.00236
$ 2.36M
$ 2.36 million
+1.13%
36 Time TIME $ 3.20
$ 2.27M
$ 2.27 million
-8.45%

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

37 LEO LEO $ 10.16
$ 9.35B
$ 9.35 billion
+0.00%
38 BTSE Token BTSE $ 1.09
$ 176.91M
$ 176.91 million
+0.57%
39 BitMart Token BMX $ 0.329
$ 107.32M
$ 107.32 million
+1.37%
40 LCX LCX $ 0.0992
$ 94.22M
$ 94.22 million
-10.48%
41 Huobi Token HT $ 0.175
$ 87.45M
$ 87.45 million
+3.31%
42 THORSwap THOR $ 0.0626
$ 31.29M
$ 31.29 million
+5.04%
43 THORChain Yield TCY $ 0.115
$ 24.09M
$ 24.09 million
+1.64%
44 Rujira RUJI $ 0.173
$ 12.92M
$ 12.92 million
+0.84%
45 WazirX WRX $ 0.0295
$ 12.37M
$ 12.37 million
+15.77%
46 ASD ASD $ 0.0155
$ 11.49M
$ 11.49 million
-0.19%
47 Bitrue Coin BTR $ 0.0140
$ 11.20M
$ 11.20 million
-1.97%
48 Minswap MIN $ 0.00533
$ 9.34M
$ 9.34 million
+3.01%
49 CoinEx Token CET $ 0.0299
$ 6.01M
$ 6.01 million
+0.03%
50 Camelot Token GRAIL $ 78.41
$ 1.95M
$ 1.95 million
+15.86%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.414
$ 381.53M
$ 381.53 million
+10.00%
Velodrome Finance VELO $ 0.0163
$ 18.73M
$ 18.73 million
+8.34%
Jupiter JUP $ 0.183
$ 648.21M
$ 648.21 million
+6.41%
FTX Token FTT $ 0.317
$ 104.43M
$ 104.43 million
+4.91%
Uniswap UNI $ 3.40
$ 2.17B
$ 2.17 billion
+4.18%
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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