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 $ 553.03
$ 74.54B
$ 74.54 billion
+0.33%
2 Hyperliquid HYPE $ 66.14
$ 19.74B
$ 19.74 billion
+6.54%
3 LEO LEO $ 9.53
$ 8.77B
$ 8.77 billion
+0.97%
4 Cronos CRO $ 0.0537
$ 2.47B
$ 2.47 billion
-0.88%
5 Uniswap UNI $ 2.88
$ 1.79B
$ 1.79 billion
-2.02%
6 OKB OKB $ 79.40
$ 1.67B
$ 1.67 billion
+1.27%
7 Bitget Token BGB $ 1.61
$ 1.13B
$ 1.13 billion
-1.03%
8 KuCoin Token KCS $ 6.91
$ 931.06M
$ 931.06 million
+2.19%
9 GateToken GT $ 6.54
$ 738.03M
$ 738.03 million
+0.17%
10 Jupiter JUP $ 0.212
$ 703.17M
$ 703.17 million
+1.36%
11 Aerodrome AERO $ 0.469
$ 449.12M
$ 449.12 million
-0.40%
12 PancakeSwap CAKE $ 1.32
$ 427.04M
$ 427.04 million
-2.13%
13 Sun SUN $ 0.0167
$ 321.29M
$ 321.29 million
-0.33%
14 Curve DAO Token CRV $ 0.190
$ 280.58M
$ 280.58 million
-0.04%
15 Raydium RAY $ 0.620
$ 166.95M
$ 166.95 million
+0.07%
16 MX Token MX $ 1.68
$ 154.68M
$ 154.68 million
-0.13%
17 THORChain RUNE $ 0.383
$ 129.64M
$ 129.64 million
-1.07%
18 FTX Token FTT $ 0.233
$ 76.76M
$ 76.76 million
-1.29%
19 KUB Coin KUB $ 0.678
$ 60.34M
$ 60.34 million
-0.59%
20 SUSHI SUSHI $ 0.150
$ 43.34M
$ 43.34 million
-0.48%
21 Gemini dollar GUSD $ 1.00
$ 37.74M
$ 37.74 million
+0.03%
22 Osmosis OSMO $ 0.0362
$ 28.20M
$ 28.20 million
+1.08%
23 Velodrome Finance VELO $ 0.0183
$ 22.37M
$ 22.37 million
-1.62%
24 Loopring LRC $ 0.0122
$ 16.69M
$ 16.69 million
-0.09%
25 Cetus CETUS $ 0.0174
$ 16.49M
$ 16.49 million
+3.57%
26 DODO DODO $ 0.0188
$ 14.68M
$ 14.68 million
+6.96%
27 Rujira RUJI $ 0.196
$ 14.62M
$ 14.62 million
+8.36%
28 Quickswap[New] QUICK $ 0.00764
$ 14.20M
$ 14.20 million
+0.89%
29 Maverick Protocol MAV $ 0.00934
$ 7.51M
$ 7.51 million
-0.17%
30 THENA THE $ 0.0516
$ 6.59M
$ 6.59 million
-7.78%
31 JOE JOE $ 0.0282
$ 6.18M
$ 6.18 million
-1.13%
32 Balancer BAL $ 0.0905
$ 6.16M
$ 6.16 million
+0.64%
33 Pangolin PNG $ 0.0233
$ 5.47M
$ 5.47 million
+2.05%
34 Bluefin BLUE $ 0.00972
$ 5.11M
$ 5.11 million
-10.24%
35 HTX HTX $ 0.0₅167
$ 3.16M
$ 3.16 million
-0.22%
36 SAROS SAROS $ 0.000336
$ 868,857
$ 868,857
-1.68%

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

37 BitMart Token BMX $ 0.325
$ 106.09M
$ 106.09 million
-3.97%
38 LCX LCX $ 0.0679
$ 64.47M
$ 64.47 million
+5.38%
39 Huobi Token HT $ 0.0790
$ 39.49M
$ 39.49 million
-1.16%
40 THORChain Yield TCY $ 0.101
$ 21.27M
$ 21.27 million
-9.10%
41 VVS Finance VVS $ 0.0₆942
$ 15.18M
$ 15.18 million
-1.08%
42 THORSwap THOR $ 0.0291
$ 14.53M
$ 14.53 million
-6.65%
43 Bitrue Coin BTR $ 0.0107
$ 8.61M
$ 8.61 million
-3.71%
44 WazirX WRX $ 0.0192
$ 8.05M
$ 8.05 million
-1.13%
45 Time TIME $ 6.74
$ 4.79M
$ 4.79 million
+2.83%
46 Minswap MIN $ 0.00276
$ 4.77M
$ 4.77 million
+2.40%
47 ASD ASD $ 0.00438
$ 3.25M
$ 3.25 million
+6.05%
48 CoinEx Token CET $ 0.0110
$ 2.22M
$ 2.22 million
-6.63%
49 IDEX IDEX $ 0.00137
$ 1.37M
$ 1.37 million
-0.36%
50 THORChain (ERC20) RUNE $ 0.383
$ 1.33M
$ 1.33 million
-1.21%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Rujira RUJI $ 0.196
$ 14.62M
$ 14.62 million
+8.36%
DODO DODO $ 0.0188
$ 14.68M
$ 14.68 million
+6.96%
Hyperliquid HYPE $ 66.14
$ 19.74B
$ 19.74 billion
+6.54%
Cetus CETUS $ 0.0174
$ 16.49M
$ 16.49 million
+3.57%
KuCoin Token KCS $ 6.91
$ 931.06M
$ 931.06 million
+2.19%
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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