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 $ 892.19
$ 121.65B
$ 121.65 billion
+0.24%
2 LEO LEO $ 8.89
$ 8.19B
$ 8.19 billion
-0.72%
3 Hyperliquid HYPE $ 22.63
$ 6.82B
$ 6.82 billion
+5.47%
4 Cronos CRO $ 0.0915
$ 3.64B
$ 3.64 billion
-0.32%
5 Uniswap UNI $ 4.87
$ 3.09B
$ 3.09 billion
+0.23%
6 Bitget Token BGB $ 3.64
$ 2.55B
$ 2.55 billion
-0.08%
7 OKB OKB $ 102.50
$ 2.15B
$ 2.15 billion
-0.81%
8 KuCoin Token KCS $ 10.76
$ 1.42B
$ 1.42 billion
+0.59%
9 GateToken GT $ 9.91
$ 1.14B
$ 1.14 billion
+0.14%
10 PancakeSwap CAKE $ 1.93
$ 644.52M
$ 644.52 million
-0.63%
11 Jupiter JUP $ 0.194
$ 617.58M
$ 617.58 million
-0.28%
12 Curve DAO Token CRV $ 0.363
$ 532.59M
$ 532.59 million
+1.34%
13 Aerodrome AERO $ 0.482
$ 440.32M
$ 440.32 million
+2.14%
14 Sun SUN $ 0.0208
$ 399.69M
$ 399.69 million
-2.32%
15 Raydium RAY $ 1.01
$ 270.78M
$ 270.78 million
-2.15%
16 THORChain RUNE $ 0.584
$ 205.13M
$ 205.13 million
-1.09%
17 MX Token MX $ 1.95
$ 179.39M
$ 179.39 million
+0.00%
18 FTX Token FTT $ 0.466
$ 152.91M
$ 152.91 million
-4.51%
19 KUB Coin KUB $ 1.26
$ 112.22M
$ 112.22 million
-0.00%
20 SUSHI SUSHI $ 0.302
$ 88.32M
$ 88.32 million
-0.40%
21 Loopring LRC $ 0.0486
$ 66.50M
$ 66.50 million
-1.73%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0529
$ 50.25M
$ 50.25 million
-1.27%
23 Gemini dollar GUSD $ 1.00
$ 47.11M
$ 47.11 million
-0.02%
24 Osmosis OSMO $ 0.0532
$ 40.42M
$ 40.42 million
+0.39%
25 Balancer BAL $ 0.500
$ 34.03M
$ 34.03 million
-0.89%
26 THENA THE $ 0.241
$ 30.89M
$ 30.89 million
+1.64%
27 VVS Finance VVS $ 0.0₅185
$ 29.78M
$ 29.78 million
+0.44%
28 Velodrome Finance VELO $ 0.0207
$ 21.92M
$ 21.92 million
+0.07%
29 Cetus CETUS $ 0.0239
$ 21.45M
$ 21.45 million
-0.13%
30 Maverick Protocol MAV $ 0.0250
$ 17.98M
$ 17.98 million
-2.98%
31 DODO DODO $ 0.0173
$ 13.43M
$ 13.43 million
-0.59%
32 JOE JOE $ 0.0569
$ 12.45M
$ 12.45 million
-0.94%
33 Bluefin BLUE $ 0.0296
$ 11.69M
$ 11.69 million
+1.03%
34 IDEX IDEX $ 0.00943
$ 9.44M
$ 9.44 million
+0.19%
35 Quickswap[New] QUICK $ 0.0119
$ 8.85M
$ 8.85 million
-0.84%
36 Pangolin PNG $ 0.0353
$ 7.93M
$ 7.93 million
-5.44%
37 HTX HTX $ 0.0₅179
$ 3.38M
$ 3.38 million
-0.91%

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

38 Tokenize Xchange TKX $ 1.73
$ 138.26M
$ 138.26 million
+0.54%
39 Huobi Token HT $ 0.205
$ 102.85M
$ 102.85 million
-3.70%
40 BitMart Token BMX $ 0.394
$ 74.76M
$ 74.76 million
+7.89%
41 THORSwap THOR $ 0.0676
$ 33.79M
$ 33.79 million
-2.60%
42 THORChain Yield TCY $ 0.153
$ 32.23M
$ 32.23 million
+1.11%
43 Rujira RUJI $ 0.288
$ 21.47M
$ 21.47 million
+2.34%
44 WazirX WRX $ 0.0477
$ 20.00M
$ 20.00 million
+1.32%
45 Bitrue Coin BTR $ 0.0246
$ 19.68M
$ 19.68 million
-1.53%
46 Minswap MIN $ 0.00873
$ 15.31M
$ 15.31 million
+4.31%
47 ASD ASD $ 0.0183
$ 13.58M
$ 13.58 million
-1.24%
48 MCDex MCB $ 2.39
$ 11.46M
$ 11.46 million
-0.02%
49 CoinEx Token CET $ 0.0289
$ 5.82M
$ 5.82 million
-0.26%
50 Camelot Token GRAIL $ 124.79
$ 3.02M
$ 3.02 million
-0.37%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 22.63
$ 6.82B
$ 6.82 billion
+5.47%
Aerodrome AERO $ 0.482
$ 440.32M
$ 440.32 million
+2.14%
THENA THE $ 0.241
$ 30.89M
$ 30.89 million
+1.64%
Curve DAO Token CRV $ 0.363
$ 532.59M
$ 532.59 million
+1.34%
Bluefin BLUE $ 0.0296
$ 11.69M
$ 11.69 million
+1.03%
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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