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 $ 606.02
$ 82.64B
$ 82.64 billion
+0.79%
2 Hyperliquid HYPE $ 41.95
$ 12.55B
$ 12.55 billion
+3.04%
3 Cronos CRO $ 0.0698
$ 2.96B
$ 2.96 billion
+0.56%
4 Uniswap UNI $ 3.15
$ 1.99B
$ 1.99 billion
+0.52%
5 OKB OKB $ 84.84
$ 1.78B
$ 1.78 billion
+1.14%
6 Bitget Token BGB $ 1.94
$ 1.36B
$ 1.36 billion
-0.08%
7 KuCoin Token KCS $ 8.49
$ 1.14B
$ 1.14 billion
+0.92%
8 GateToken GT $ 6.67
$ 768.05M
$ 768.05 million
+1.73%
9 Jupiter JUP $ 0.164
$ 582.25M
$ 582.25 million
+1.93%
10 PancakeSwap CAKE $ 1.50
$ 493.69M
$ 493.69 million
+0.70%
11 Aerodrome AERO $ 0.387
$ 356.16M
$ 356.16 million
+2.88%
12 Sun SUN $ 0.0181
$ 347.96M
$ 347.96 million
+1.13%
13 Curve DAO Token CRV $ 0.219
$ 321.17M
$ 321.17 million
-1.79%
14 Raydium RAY $ 0.650
$ 174.71M
$ 174.71 million
+2.02%
15 MX Token MX $ 1.78
$ 163.43M
$ 163.43 million
-0.16%
16 THORChain RUNE $ 0.401
$ 140.68M
$ 140.68 million
+0.34%
17 FTX Token FTT $ 0.290
$ 95.25M
$ 95.25 million
-1.00%
18 KUB Coin KUB $ 0.845
$ 75.25M
$ 75.25 million
-0.47%
19 SUSHI SUSHI $ 0.194
$ 55.95M
$ 55.95 million
-0.62%
20 Gemini dollar GUSD $ 0.999
$ 35.67M
$ 35.67 million
+0.07%
21 Osmosis OSMO $ 0.0310
$ 23.87M
$ 23.87 million
-2.54%
22 Loopring LRC $ 0.0167
$ 22.83M
$ 22.83 million
-2.37%
23 VVS Finance VVS $ 0.0₅132
$ 21.21M
$ 21.21 million
+0.90%
24 Quickswap[New] QUICK $ 0.0102
$ 18.91M
$ 18.91 million
+1.50%
25 Cetus CETUS $ 0.0197
$ 18.17M
$ 18.17 million
-1.53%
26 Velodrome Finance VELO $ 0.0156
$ 17.78M
$ 17.78 million
+2.84%
27 THENA THE $ 0.101
$ 12.94M
$ 12.94 million
-0.32%
28 DODO DODO $ 0.0153
$ 11.92M
$ 11.92 million
-0.31%
29 Maverick Protocol MAV $ 0.0146
$ 11.71M
$ 11.71 million
-2.79%
30 Balancer BAL $ 0.169
$ 11.53M
$ 11.53 million
+17.24%
31 JOE JOE $ 0.0462
$ 10.11M
$ 10.11 million
-6.26%
32 Bluefin BLUE $ 0.0168
$ 7.51M
$ 7.51 million
-0.04%
33 Pangolin PNG $ 0.0280
$ 6.44M
$ 6.44 million
-0.07%
34 HTX HTX $ 0.0₅176
$ 3.32M
$ 3.32 million
+0.19%
35 IDEX IDEX $ 0.00228
$ 2.28M
$ 2.28 million
+2.12%

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

36 LEO LEO $ 10.14
$ 9.34B
$ 9.34 billion
+0.19%
37 BTSE Token BTSE $ 1.17
$ 190.23M
$ 190.23 million
-4.06%
38 BitMart Token BMX $ 0.334
$ 108.87M
$ 108.87 million
+1.91%
39 Huobi Token HT $ 0.172
$ 85.91M
$ 85.91 million
+0.89%
40 LCX LCX $ 0.0394
$ 37.41M
$ 37.41 million
+0.43%
41 THORSwap THOR $ 0.0563
$ 28.16M
$ 28.16 million
+2.94%
42 THORChain Yield TCY $ 0.115
$ 24.15M
$ 24.15 million
+0.49%
43 Rujira RUJI $ 0.173
$ 12.90M
$ 12.90 million
+1.60%
44 Bitrue Coin BTR $ 0.0159
$ 12.70M
$ 12.70 million
+0.49%
45 ASD ASD $ 0.0156
$ 11.62M
$ 11.62 million
+1.82%
46 WazirX WRX $ 0.0260
$ 10.71M
$ 10.71 million
-5.58%
47 Minswap MIN $ 0.00528
$ 9.24M
$ 9.24 million
+0.46%
48 CoinEx Token CET $ 0.0298
$ 6.00M
$ 6.00 million
-0.22%
49 Camelot Token GRAIL $ 69.62
$ 1.73M
$ 1.73 million
-3.17%
50 Time TIME $ 2.22
$ 1.58M
$ 1.58 million
+0.68%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Balancer BAL $ 0.169
$ 11.53M
$ 11.53 million
+17.24%
Hyperliquid HYPE $ 41.95
$ 12.55B
$ 12.55 billion
+3.04%
Aerodrome AERO $ 0.387
$ 356.16M
$ 356.16 million
+2.88%
Velodrome Finance VELO $ 0.0156
$ 17.78M
$ 17.78 million
+2.84%
IDEX IDEX $ 0.00228
$ 2.28M
$ 2.28 million
+2.12%
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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