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 $ 601.28
$ 81.99B
$ 81.99 billion
+0.13%
2 Hyperliquid HYPE $ 40.33
$ 12.06B
$ 12.06 billion
+4.89%
3 Cronos CRO $ 0.0694
$ 2.94B
$ 2.94 billion
-0.61%
4 Uniswap UNI $ 3.11
$ 1.97B
$ 1.97 billion
+1.25%
5 OKB OKB $ 83.63
$ 1.76B
$ 1.76 billion
+0.62%
6 Bitget Token BGB $ 1.94
$ 1.36B
$ 1.36 billion
+2.57%
7 KuCoin Token KCS $ 8.42
$ 1.13B
$ 1.13 billion
+1.17%
8 GateToken GT $ 6.54
$ 752.72M
$ 752.72 million
+1.02%
9 Jupiter JUP $ 0.161
$ 570.15M
$ 570.15 million
+0.76%
10 PancakeSwap CAKE $ 1.49
$ 488.29M
$ 488.29 million
+0.83%
11 Sun SUN $ 0.0181
$ 348.06M
$ 348.06 million
+3.49%
12 Aerodrome AERO $ 0.369
$ 339.79M
$ 339.79 million
+10.75%
13 Curve DAO Token CRV $ 0.221
$ 324.93M
$ 324.93 million
+2.25%
14 Raydium RAY $ 0.633
$ 170.05M
$ 170.05 million
+1.81%
15 MX Token MX $ 1.78
$ 163.84M
$ 163.84 million
-0.39%
16 THORChain RUNE $ 0.399
$ 139.94M
$ 139.94 million
+0.92%
17 FTX Token FTT $ 0.291
$ 95.65M
$ 95.65 million
-0.92%
18 KUB Coin KUB $ 0.845
$ 75.17M
$ 75.17 million
+0.09%
19 SUSHI SUSHI $ 0.194
$ 56.02M
$ 56.02 million
-0.03%
20 LCX LCX $ 0.0392
$ 37.20M
$ 37.20 million
-2.01%
21 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.06%
22 Osmosis OSMO $ 0.0317
$ 24.40M
$ 24.40 million
+0.49%
23 Loopring LRC $ 0.0170
$ 23.26M
$ 23.26 million
-3.16%
24 VVS Finance VVS $ 0.0₅129
$ 20.83M
$ 20.83 million
-1.36%
25 Cetus CETUS $ 0.0201
$ 18.57M
$ 18.57 million
+5.94%
26 Quickswap[New] QUICK $ 0.00994
$ 18.48M
$ 18.48 million
+0.74%
27 Velodrome Finance VELO $ 0.0150
$ 17.03M
$ 17.03 million
+3.82%
28 THENA THE $ 0.102
$ 13.13M
$ 13.13 million
-0.40%
29 Maverick Protocol MAV $ 0.0149
$ 12.01M
$ 12.01 million
+1.96%
30 DODO DODO $ 0.0154
$ 12.00M
$ 12.00 million
-0.29%
31 JOE JOE $ 0.0479
$ 10.49M
$ 10.49 million
-6.62%
32 Balancer BAL $ 0.145
$ 9.86M
$ 9.86 million
+1.79%
33 Bluefin BLUE $ 0.0168
$ 7.52M
$ 7.52 million
+0.03%
34 Pangolin PNG $ 0.0280
$ 6.45M
$ 6.45 million
-1.60%
35 HTX HTX $ 0.0₅175
$ 3.31M
$ 3.31 million
+0.36%
36 IDEX IDEX $ 0.00223
$ 2.23M
$ 2.23 million
-1.35%

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

37 LEO LEO $ 10.12
$ 9.32B
$ 9.32 billion
-0.10%
38 BTSE Token BTSE $ 1.22
$ 198.28M
$ 198.28 million
-2.27%
39 BitMart Token BMX $ 0.328
$ 106.87M
$ 106.87 million
-0.63%
40 Huobi Token HT $ 0.173
$ 86.70M
$ 86.70 million
-2.86%
41 THORSwap THOR $ 0.0545
$ 27.26M
$ 27.26 million
+3.19%
42 THORChain Yield TCY $ 0.114
$ 23.99M
$ 23.99 million
+2.22%
43 Rujira RUJI $ 0.170
$ 12.70M
$ 12.70 million
+1.04%
44 Bitrue Coin BTR $ 0.0157
$ 12.60M
$ 12.60 million
-3.90%
45 ASD ASD $ 0.0154
$ 11.40M
$ 11.40 million
-0.32%
46 WazirX WRX $ 0.0268
$ 11.23M
$ 11.23 million
+10.11%
47 Minswap MIN $ 0.00518
$ 9.09M
$ 9.09 million
-1.89%
48 CoinEx Token CET $ 0.0299
$ 6.01M
$ 6.01 million
+0.42%
49 Camelot Token GRAIL $ 72.34
$ 1.79M
$ 1.79 million
-5.26%
50 LATOKEN LA $ 0.00394
$ 1.58M
$ 1.58 million
-0.76%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.369
$ 339.79M
$ 339.79 million
+10.75%
Cetus CETUS $ 0.0201
$ 18.57M
$ 18.57 million
+5.94%
Hyperliquid HYPE $ 40.33
$ 12.06B
$ 12.06 billion
+4.89%
Velodrome Finance VELO $ 0.0150
$ 17.03M
$ 17.03 million
+3.82%
Sun SUN $ 0.0181
$ 348.06M
$ 348.06 million
+3.49%
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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