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 $ 627.48
$ 85.57B
$ 85.57 billion
+2.01%
2 Hyperliquid HYPE $ 31.19
$ 9.37B
$ 9.37 billion
+1.68%
3 LEO LEO $ 8.50
$ 7.83B
$ 7.83 billion
+0.50%
4 Cronos CRO $ 0.0801
$ 3.29B
$ 3.29 billion
-0.32%
5 Uniswap UNI $ 3.62
$ 2.29B
$ 2.29 billion
+3.81%
6 OKB OKB $ 79.97
$ 1.68B
$ 1.68 billion
+0.76%
7 Bitget Token BGB $ 2.39
$ 1.67B
$ 1.67 billion
+0.59%
8 KuCoin Token KCS $ 8.55
$ 1.13B
$ 1.13 billion
+2.91%
9 GateToken GT $ 7.26
$ 836.29M
$ 836.29 million
+1.54%
10 Jupiter JUP $ 0.164
$ 531.21M
$ 531.21 million
+0.39%
11 PancakeSwap CAKE $ 1.33
$ 439.66M
$ 439.66 million
+2.23%
12 Curve DAO Token CRV $ 0.256
$ 374.93M
$ 374.93 million
+1.72%
13 Sun SUN $ 0.0174
$ 333.37M
$ 333.37 million
-2.48%
14 Aerodrome AERO $ 0.324
$ 297.76M
$ 297.76 million
+4.81%
15 Raydium RAY $ 0.644
$ 173.12M
$ 173.12 million
+3.41%
16 MX Token MX $ 1.80
$ 165.62M
$ 165.62 million
-0.09%
17 THORChain RUNE $ 0.407
$ 142.61M
$ 142.61 million
+0.02%
18 FTX Token FTT $ 0.377
$ 123.89M
$ 123.89 million
+6.90%
19 KUB Coin KUB $ 1.04
$ 92.13M
$ 92.13 million
-0.28%
20 SUSHI SUSHI $ 0.213
$ 62.21M
$ 62.21 million
+1.78%
21 Gemini dollar GUSD $ 1.00
$ 47.10M
$ 47.10 million
-0.05%
22 Loopring LRC $ 0.0341
$ 46.70M
$ 46.70 million
+1.55%
23 THENA THE $ 0.272
$ 33.91M
$ 33.91 million
+0.60%
24 Osmosis OSMO $ 0.0379
$ 28.94M
$ 28.94 million
+1.53%
25 VVS Finance VVS $ 0.0₅156
$ 25.18M
$ 25.18 million
-0.04%
26 Velodrome Finance VELO $ 0.0147
$ 15.88M
$ 15.88 million
+1.44%
27 Cetus CETUS $ 0.0170
$ 15.47M
$ 15.47 million
+1.88%
28 DODO DODO $ 0.0159
$ 12.36M
$ 12.36 million
+0.61%
29 Maverick Protocol MAV $ 0.0167
$ 11.95M
$ 11.95 million
+2.38%
30 Balancer BAL $ 0.160
$ 10.89M
$ 10.89 million
+5.78%
31 Bluefin BLUE $ 0.0227
$ 8.86M
$ 8.86 million
+8.49%
32 JOE JOE $ 0.0388
$ 8.50M
$ 8.50 million
+1.01%
33 Quickswap[New] QUICK $ 0.00975
$ 7.22M
$ 7.22 million
+2.37%
34 IDEX IDEX $ 0.00721
$ 7.21M
$ 7.21 million
+0.90%
35 Pangolin PNG $ 0.0262
$ 6.03M
$ 6.03 million
+0.34%
36 HTX HTX $ 0.0₅172
$ 3.24M
$ 3.24 million
+0.68%

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

37 BitMart Token BMX $ 0.385
$ 125.69M
$ 125.69 million
+4.18%
38 Huobi Token HT $ 0.234
$ 117.20M
$ 117.20 million
-1.14%
39 Tokenize Xchange TKX $ 1.34
$ 107.27M
$ 107.27 million
+0.60%
40 LCX LCX $ 0.0737
$ 69.97M
$ 69.97 million
-4.94%
41 THORSwap THOR $ 0.0593
$ 29.63M
$ 29.63 million
-3.58%
42 Rujira RUJI $ 0.235
$ 17.52M
$ 17.52 million
+1.01%
43 WazirX WRX $ 0.0406
$ 17.03M
$ 17.03 million
+3.23%
44 THORChain Yield TCY $ 0.0772
$ 16.22M
$ 16.22 million
-0.43%
45 Bitrue Coin BTR $ 0.0185
$ 14.86M
$ 14.86 million
+0.67%
46 ASD ASD $ 0.0171
$ 12.74M
$ 12.74 million
+4.45%
47 Minswap MIN $ 0.00600
$ 10.55M
$ 10.55 million
+0.50%
48 CoinEx Token CET $ 0.0280
$ 5.63M
$ 5.63 million
+1.45%
49 Time TIME $ 3.12
$ 2.21M
$ 2.21 million
-1.08%
50 LATOKEN LA $ 0.00498
$ 1.99M
$ 1.99 million
+16.36%
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Trending Exchange Tokens

Top Gainers

Coins Price Market cap 24h
Bluefin BLUE $ 0.0227
$ 8.86M
$ 8.86 million
+8.49%
FTX Token FTT $ 0.377
$ 123.89M
$ 123.89 million
+6.90%
Balancer BAL $ 0.160
$ 10.89M
$ 10.89 million
+5.78%
Aerodrome AERO $ 0.324
$ 297.76M
$ 297.76 million
+4.81%
Uniswap UNI $ 3.62
$ 2.29B
$ 2.29 billion
+3.81%
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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