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 $ 635.00
$ 85.59B
$ 85.59 billion
+0.05%
2 Hyperliquid HYPE $ 41.11
$ 12.29B
$ 12.29 billion
+0.83%
3 Cronos CRO $ 0.0699
$ 3.04B
$ 3.04 billion
+0.48%
4 Uniswap UNI $ 3.23
$ 2.06B
$ 2.06 billion
-0.76%
5 OKB OKB $ 83.71
$ 1.76B
$ 1.76 billion
+0.47%
6 Bitget Token BGB $ 1.96
$ 1.37B
$ 1.37 billion
+1.08%
7 KuCoin Token KCS $ 8.42
$ 1.13B
$ 1.13 billion
+0.58%
8 GateToken GT $ 7.38
$ 849.47M
$ 849.47 million
-0.22%
9 Jupiter JUP $ 0.173
$ 615.42M
$ 615.42 million
+2.25%
10 PancakeSwap CAKE $ 1.50
$ 491.52M
$ 491.52 million
+0.09%
11 Aerodrome AERO $ 0.430
$ 398.52M
$ 398.52 million
+4.64%
12 Sun SUN $ 0.0189
$ 364.09M
$ 364.09 million
+0.06%
13 Curve DAO Token CRV $ 0.222
$ 326.43M
$ 326.43 million
-0.85%
14 Raydium RAY $ 0.660
$ 177.39M
$ 177.39 million
+0.57%
15 THORChain RUNE $ 0.473
$ 165.98M
$ 165.98 million
-2.78%
16 MX Token MX $ 1.77
$ 162.27M
$ 162.27 million
-0.00%
17 FTX Token FTT $ 0.295
$ 97.10M
$ 97.10 million
+2.26%
18 KUB Coin KUB $ 0.885
$ 78.77M
$ 78.77 million
+0.48%
19 SUSHI SUSHI $ 0.220
$ 63.53M
$ 63.53 million
-0.86%
20 Gemini dollar GUSD $ 1.00
$ 35.71M
$ 35.71 million
+0.09%
21 Cetus CETUS $ 0.0282
$ 26.33M
$ 26.33 million
-1.11%
22 Osmosis OSMO $ 0.0324
$ 24.99M
$ 24.99 million
+2.36%
23 Loopring LRC $ 0.0173
$ 23.61M
$ 23.61 million
+2.05%
24 Quickswap[New] QUICK $ 0.0116
$ 21.58M
$ 21.58 million
+0.80%
25 VVS Finance VVS $ 0.0₅129
$ 20.76M
$ 20.76 million
-0.75%
26 Velodrome Finance VELO $ 0.0163
$ 18.84M
$ 18.84 million
+4.64%
27 DODO DODO $ 0.0201
$ 15.59M
$ 15.59 million
+9.93%
28 THENA THE $ 0.103
$ 13.30M
$ 13.30 million
-1.10%
29 Maverick Protocol MAV $ 0.0161
$ 12.93M
$ 12.93 million
+7.80%
30 JOE JOE $ 0.0494
$ 10.85M
$ 10.85 million
+3.47%
31 Balancer BAL $ 0.152
$ 10.33M
$ 10.33 million
-0.38%
32 Bluefin BLUE $ 0.0175
$ 8.29M
$ 8.29 million
+2.45%
33 Pangolin PNG $ 0.0286
$ 6.59M
$ 6.59 million
-1.28%
34 HTX HTX $ 0.0₅184
$ 3.46M
$ 3.46 million
+0.26%
35 IDEX IDEX $ 0.00236
$ 2.36M
$ 2.36 million
-3.14%

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

36 LEO LEO $ 10.31
$ 9.49B
$ 9.49 billion
+0.16%
37 BTSE Token BTSE $ 1.16
$ 188.44M
$ 188.44 million
-0.44%
38 BitMart Token BMX $ 0.320
$ 104.35M
$ 104.35 million
-0.68%
39 LCX LCX $ 0.101
$ 96.14M
$ 96.14 million
-2.57%
40 Huobi Token HT $ 0.171
$ 85.40M
$ 85.40 million
+0.18%
41 THORSwap THOR $ 0.0629
$ 31.51M
$ 31.51 million
-1.95%
42 THORChain Yield TCY $ 0.136
$ 28.58M
$ 28.58 million
-4.04%
43 Rujira RUJI $ 0.213
$ 15.90M
$ 15.90 million
-1.71%
44 WazirX WRX $ 0.0300
$ 12.57M
$ 12.57 million
-6.54%
45 Bitrue Coin BTR $ 0.0137
$ 10.96M
$ 10.96 million
-0.91%
46 ASD ASD $ 0.0138
$ 10.25M
$ 10.25 million
-2.89%
47 Minswap MIN $ 0.00520
$ 9.12M
$ 9.12 million
+0.05%
48 CoinEx Token CET $ 0.0281
$ 5.66M
$ 5.66 million
-1.98%
49 Camelot Token GRAIL $ 76.58
$ 1.93M
$ 1.93 million
+1.67%
50 Time TIME $ 2.37
$ 1.68M
$ 1.68 million
-15.33%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
DODO DODO $ 0.0201
$ 15.59M
$ 15.59 million
+9.93%
Maverick Protocol MAV $ 0.0161
$ 12.93M
$ 12.93 million
+7.80%
Velodrome Finance VELO $ 0.0163
$ 18.84M
$ 18.84 million
+4.64%
Aerodrome AERO $ 0.430
$ 398.52M
$ 398.52 million
+4.64%
JOE JOE $ 0.0494
$ 10.85M
$ 10.85 million
+3.47%
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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