Exchange Tokens

147 coins #18

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

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# Coins Live Price Market cap 24h
1 BNB BNB $ 570.73
$ 76.92B
$ 76.92 billion
+0.53%
2 Hyperliquid HYPE $ 63.36
$ 18.93B
$ 18.93 billion
-2.94%
3 Cronos CRO $ 0.0543
$ 2.50B
$ 2.50 billion
-2.76%
4 Uniswap UNI $ 3.62
$ 2.24B
$ 2.24 billion
+3.00%
5 OKB OKB $ 80.46
$ 1.69B
$ 1.69 billion
+0.66%
6 Bitget Token BGB $ 1.63
$ 1.14B
$ 1.14 billion
-0.74%
7 KuCoin Token KCS $ 6.88
$ 943.86M
$ 943.86 million
-0.41%
8 GateToken GT $ 6.67
$ 733.66M
$ 733.66 million
-0.09%
9 Jupiter JUP $ 0.204
$ 678.24M
$ 678.24 million
+2.32%
10 Aerodrome AERO $ 0.479
$ 461.77M
$ 461.77 million
-3.50%
11 PancakeSwap CAKE $ 1.40
$ 452.49M
$ 452.49 million
+0.37%
12 Sun SUN $ 0.0182
$ 349.37M
$ 349.37 million
-1.65%
13 Curve DAO Token CRV $ 0.220
$ 337.18M
$ 337.18 million
+8.60%
14 Raydium RAY $ 0.662
$ 178.33M
$ 178.33 million
-1.76%
15 MX Token MX $ 1.64
$ 150.48M
$ 150.48 million
-0.81%
16 THORChain RUNE $ 0.404
$ 136.70M
$ 136.70 million
+1.12%
17 FTX Token FTT $ 0.214
$ 70.49M
$ 70.49 million
-1.29%
18 KUB Coin KUB $ 0.712
$ 63.41M
$ 63.41 million
-0.22%
19 SUSHI SUSHI $ 0.166
$ 48.62M
$ 48.62 million
+3.68%
20 Gemini dollar GUSD $ 1.00
$ 29.79M
$ 29.79 million
-0.00%
21 Osmosis OSMO $ 0.0333
$ 25.94M
$ 25.94 million
-2.35%
22 Velodrome Finance VELO $ 0.0203
$ 25.13M
$ 25.13 million
-2.23%
23 LCX LCX $ 0.0221
$ 20.29M
$ 20.29 million
-7.13%
24 Cetus CETUS $ 0.0179
$ 17.08M
$ 17.08 million
-0.20%
25 DODO DODO $ 0.0216
$ 16.78M
$ 16.78 million
+0.02%
26 Loopring LRC $ 0.0108
$ 14.82M
$ 14.82 million
+3.04%
27 Quickswap[New] QUICK $ 0.00752
$ 14.21M
$ 14.21 million
-0.29%
28 THENA THE $ 0.0614
$ 8.63M
$ 8.63 million
+17.58%
29 Maverick Protocol MAV $ 0.00923
$ 7.89M
$ 7.89 million
-0.54%
30 Balancer BAL $ 0.0934
$ 6.47M
$ 6.47 million
-1.96%
31 JOE JOE $ 0.0271
$ 5.93M
$ 5.93 million
-1.21%
32 Pangolin PNG $ 0.0208
$ 4.90M
$ 4.90 million
-1.44%
33 Bluefin BLUE $ 0.00899
$ 4.72M
$ 4.72 million
-1.27%
34 HTX HTX $ 0.0₅182
$ 3.80M
$ 3.80 million
-1.59%
35 IDEX IDEX $ 0.00131
$ 1.31M
$ 1.31 million
+6.27%
36 SAROS SAROS $ 0.000405
$ 1.05M
$ 1.05 million
-7.77%

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

37 LEO LEO $ 9.54
$ 8.78B
$ 8.78 billion
+0.10%
38 BitMart Token BMX $ 0.316
$ 103.21M
$ 103.21 million
-0.79%
39 THORChain Yield TCY $ 0.102
$ 21.52M
$ 21.52 million
+5.39%
40 Huobi Token HT $ 0.0410
$ 21.39M
$ 21.39 million
+15.61%
41 THORSwap THOR $ 0.0334
$ 16.69M
$ 16.69 million
-2.92%
42 Rujira RUJI $ 0.210
$ 15.64M
$ 15.64 million
+0.90%
43 VVS Finance VVS $ 0.0₆954
$ 15.37M
$ 15.37 million
-2.01%
44 Bitrue Coin BTR $ 0.00975
$ 7.82M
$ 7.82 million
+2.10%
45 WazirX WRX $ 0.0183
$ 7.68M
$ 7.68 million
+1.27%
46 Time TIME $ 10.10
$ 7.11M
$ 7.11 million
+49.97%
47 Minswap MIN $ 0.00293
$ 5.06M
$ 5.06 million
-0.94%
48 CoinEx Token CET $ 0.0125
$ 2.51M
$ 2.51 million
-2.68%
49 THORChain (ERC20) RUNE $ 0.404
$ 1.40M
$ 1.40 million
+1.02%
50 LATOKEN LA $ 0.00252
$ 1.01M
$ 1.01 million
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
THENA THE $ 0.0614
$ 8.63M
$ 8.63 million
+17.58%
Curve DAO Token CRV $ 0.220
$ 337.18M
$ 337.18 million
+8.60%
IDEX IDEX $ 0.00131
$ 1.31M
$ 1.31 million
+6.27%
SUSHI SUSHI $ 0.166
$ 48.62M
$ 48.62 million
+3.68%
Loopring LRC $ 0.0108
$ 14.82M
$ 14.82 million
+3.04%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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