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 $ 651.49
$ 87.81B
$ 87.81 billion
+3.18%
2 Hyperliquid HYPE $ 41.38
$ 12.36B
$ 12.36 billion
+2.42%
3 Cronos CRO $ 0.0710
$ 3.09B
$ 3.09 billion
+1.42%
4 Uniswap UNI $ 3.42
$ 2.18B
$ 2.18 billion
+5.23%
5 OKB OKB $ 85.16
$ 1.79B
$ 1.79 billion
+1.90%
6 Bitget Token BGB $ 1.96
$ 1.37B
$ 1.37 billion
+3.26%
7 KuCoin Token KCS $ 8.70
$ 1.17B
$ 1.17 billion
+2.18%
8 GateToken GT $ 7.47
$ 859.86M
$ 859.86 million
+3.18%
9 Jupiter JUP $ 0.179
$ 634.28M
$ 634.28 million
+5.26%
10 PancakeSwap CAKE $ 1.58
$ 518.06M
$ 518.06 million
+3.14%
11 Aerodrome AERO $ 0.421
$ 387.63M
$ 387.63 million
+9.58%
12 Sun SUN $ 0.0188
$ 362.05M
$ 362.05 million
+2.14%
13 Curve DAO Token CRV $ 0.235
$ 345.54M
$ 345.54 million
+1.98%
14 Raydium RAY $ 0.682
$ 183.36M
$ 183.36 million
+2.93%
15 THORChain RUNE $ 0.491
$ 172.19M
$ 172.19 million
+8.84%
16 MX Token MX $ 1.77
$ 162.46M
$ 162.46 million
-0.24%
17 FTX Token FTT $ 0.296
$ 97.34M
$ 97.34 million
+1.93%
18 KUB Coin KUB $ 0.888
$ 79.06M
$ 79.06 million
+1.81%
19 SUSHI SUSHI $ 0.226
$ 65.20M
$ 65.20 million
+3.90%
20 Gemini dollar GUSD $ 0.999
$ 35.67M
$ 35.67 million
-0.06%
21 Cetus CETUS $ 0.0278
$ 26.00M
$ 26.00 million
+12.04%
22 Osmosis OSMO $ 0.0324
$ 24.97M
$ 24.97 million
+0.97%
23 Loopring LRC $ 0.0174
$ 23.75M
$ 23.75 million
+1.43%
24 Quickswap[New] QUICK $ 0.0118
$ 21.77M
$ 21.77 million
+2.15%
25 VVS Finance VVS $ 0.0₅131
$ 21.11M
$ 21.11 million
+1.33%
26 Velodrome Finance VELO $ 0.0161
$ 18.45M
$ 18.45 million
+4.14%
27 Rujira RUJI $ 0.212
$ 15.76M
$ 15.76 million
+14.96%
28 THENA THE $ 0.111
$ 14.23M
$ 14.23 million
+5.34%
29 DODO DODO $ 0.0170
$ 13.23M
$ 13.23 million
+0.70%
30 Maverick Protocol MAV $ 0.0154
$ 12.41M
$ 12.41 million
+1.72%
31 JOE JOE $ 0.0494
$ 10.81M
$ 10.81 million
+2.24%
32 Balancer BAL $ 0.152
$ 10.36M
$ 10.36 million
-0.08%
33 Bluefin BLUE $ 0.0175
$ 8.29M
$ 8.29 million
+2.96%
34 Pangolin PNG $ 0.0291
$ 6.71M
$ 6.71 million
+1.52%
35 HTX HTX $ 0.0₅183
$ 3.45M
$ 3.45 million
+1.04%
36 IDEX IDEX $ 0.00241
$ 2.41M
$ 2.41 million
-0.19%

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

37 LEO LEO $ 10.15
$ 9.34B
$ 9.34 billion
-2.21%
38 BitMart Token BMX $ 0.320
$ 104.34M
$ 104.34 million
-1.03%
39 LCX LCX $ 0.0972
$ 92.31M
$ 92.31 million
-8.17%
40 Huobi Token HT $ 0.170
$ 85.05M
$ 85.05 million
-0.29%
41 THORSwap THOR $ 0.0629
$ 31.45M
$ 31.45 million
+9.16%
42 THORChain Yield TCY $ 0.135
$ 28.29M
$ 28.29 million
+12.35%
43 WazirX WRX $ 0.0331
$ 13.87M
$ 13.87 million
+3.05%
44 Bitrue Coin BTR $ 0.0143
$ 11.44M
$ 11.44 million
-0.03%
45 ASD ASD $ 0.0142
$ 10.55M
$ 10.55 million
+0.21%
46 Minswap MIN $ 0.00535
$ 9.37M
$ 9.37 million
+1.97%
47 CoinEx Token CET $ 0.0294
$ 5.92M
$ 5.92 million
-0.94%
48 Time TIME $ 2.95
$ 2.07M
$ 2.07 million
-17.82%
49 Camelot Token GRAIL $ 78.23
$ 1.96M
$ 1.96 million
+17.42%
50 THORChain (ERC20) RUNE $ 0.489
$ 1.69M
$ 1.69 million
+8.49%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Rujira RUJI $ 0.212
$ 15.76M
$ 15.76 million
+14.96%
Cetus CETUS $ 0.0278
$ 26.00M
$ 26.00 million
+12.04%
Aerodrome AERO $ 0.421
$ 387.63M
$ 387.63 million
+9.58%
THORChain RUNE $ 0.491
$ 172.19M
$ 172.19 million
+8.84%
THENA THE $ 0.111
$ 14.23M
$ 14.23 million
+5.34%
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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