Exchange Tokens

139 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 $ 619.12
$ 84.40B
$ 84.40 billion
+1.07%
2 Hyperliquid HYPE $ 31.53
$ 9.47B
$ 9.47 billion
+2.16%
3 LEO LEO $ 8.43
$ 7.77B
$ 7.77 billion
+1.69%
4 Cronos CRO $ 0.0807
$ 3.22B
$ 3.22 billion
+5.14%
5 Uniswap UNI $ 3.40
$ 2.16B
$ 2.16 billion
+5.25%
6 Bitget Token BGB $ 2.38
$ 1.67B
$ 1.67 billion
+1.19%
7 OKB OKB $ 77.14
$ 1.62B
$ 1.62 billion
+3.89%
8 KuCoin Token KCS $ 8.36
$ 1.10B
$ 1.10 billion
+3.64%
9 GateToken GT $ 7.08
$ 814.97M
$ 814.97 million
+1.57%
10 Jupiter JUP $ 0.154
$ 498.63M
$ 498.63 million
+11.48%
11 PancakeSwap CAKE $ 1.30
$ 431.08M
$ 431.08 million
+0.36%
12 Curve DAO Token CRV $ 0.251
$ 367.84M
$ 367.84 million
+5.16%
13 Sun SUN $ 0.0171
$ 328.74M
$ 328.74 million
+0.37%
14 Aerodrome AERO $ 0.306
$ 281.36M
$ 281.36 million
+3.43%
15 Raydium RAY $ 0.621
$ 167.05M
$ 167.05 million
+6.00%
16 MX Token MX $ 1.82
$ 166.85M
$ 166.85 million
+0.89%
17 THORChain RUNE $ 0.416
$ 145.98M
$ 145.98 million
+6.69%
18 FTX Token FTT $ 0.349
$ 114.89M
$ 114.89 million
+3.51%
19 KUB Coin KUB $ 1.04
$ 92.64M
$ 92.64 million
+0.24%
20 SUSHI SUSHI $ 0.210
$ 61.45M
$ 61.45 million
+4.81%
21 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
-0.05%
22 Loopring LRC $ 0.0341
$ 46.59M
$ 46.59 million
-12.13%
23 THENA THE $ 0.272
$ 33.86M
$ 33.86 million
-0.76%
24 Osmosis OSMO $ 0.0386
$ 29.40M
$ 29.40 million
+2.74%
25 VVS Finance VVS $ 0.0₅156
$ 25.13M
$ 25.13 million
+3.79%
26 Velodrome Finance VELO $ 0.0150
$ 16.13M
$ 16.13 million
+4.18%
27 Cetus CETUS $ 0.0171
$ 15.53M
$ 15.53 million
+9.24%
28 DODO DODO $ 0.0154
$ 12.03M
$ 12.03 million
+4.59%
29 Maverick Protocol MAV $ 0.0168
$ 12.03M
$ 12.03 million
+3.40%
30 Balancer BAL $ 0.151
$ 10.30M
$ 10.30 million
+1.50%
31 JOE JOE $ 0.0396
$ 8.66M
$ 8.66 million
+4.11%
32 Bluefin BLUE $ 0.0208
$ 8.18M
$ 8.18 million
+4.80%
33 IDEX IDEX $ 0.00728
$ 7.28M
$ 7.28 million
+2.08%
34 Quickswap[New] QUICK $ 0.00950
$ 7.05M
$ 7.05 million
+3.80%
35 Pangolin PNG $ 0.0265
$ 6.11M
$ 6.11 million
+2.12%
36 HTX HTX $ 0.0₅171
$ 3.23M
$ 3.23 million
+0.27%
37 Time TIME $ 3.18
$ 2.26M
$ 2.26 million
+0.20%

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

38 Huobi Token HT $ 0.243
$ 121.30M
$ 121.30 million
+12.73%
39 BitMart Token BMX $ 0.371
$ 120.95M
$ 120.95 million
-1.63%
40 Tokenize Xchange TKX $ 1.35
$ 108.14M
$ 108.14 million
+2.42%
41 LCX LCX $ 0.0690
$ 65.53M
$ 65.53 million
-2.95%
42 THORSwap THOR $ 0.0648
$ 32.41M
$ 32.41 million
+16.06%
43 THORChain Yield TCY $ 0.0785
$ 16.50M
$ 16.50 million
+2.45%
44 WazirX WRX $ 0.0392
$ 16.44M
$ 16.44 million
+7.04%
45 Rujira RUJI $ 0.220
$ 16.30M
$ 16.30 million
+7.25%
46 Bitrue Coin BTR $ 0.0179
$ 14.35M
$ 14.35 million
+3.06%
47 ASD ASD $ 0.0164
$ 12.20M
$ 12.20 million
+0.31%
48 Minswap MIN $ 0.00567
$ 9.97M
$ 9.97 million
+1.96%
49 CoinEx Token CET $ 0.0268
$ 5.38M
$ 5.38 million
-8.64%
50 LATOKEN LA $ 0.00450
$ 1.80M
$ 1.80 million
-12.79%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Jupiter JUP $ 0.154
$ 498.63M
$ 498.63 million
+11.48%
Cetus CETUS $ 0.0171
$ 15.53M
$ 15.53 million
+9.24%
THORChain RUNE $ 0.416
$ 145.98M
$ 145.98 million
+6.69%
Raydium RAY $ 0.621
$ 167.05M
$ 167.05 million
+6.00%
Uniswap UNI $ 3.40
$ 2.16B
$ 2.16 billion
+5.25%
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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