Exchange Tokens

145 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 $ 668.80
$ 90.13B
$ 90.13 billion
+1.27%
2 Hyperliquid HYPE $ 41.90
$ 12.52B
$ 12.52 billion
-2.44%
3 Cronos CRO $ 0.0775
$ 3.38B
$ 3.38 billion
+3.18%
4 Uniswap UNI $ 3.89
$ 2.47B
$ 2.47 billion
-1.71%
5 OKB OKB $ 87.20
$ 1.83B
$ 1.83 billion
-1.34%
6 Bitget Token BGB $ 2.14
$ 1.50B
$ 1.50 billion
-0.62%
7 KuCoin Token KCS $ 8.56
$ 1.15B
$ 1.15 billion
+0.31%
8 GateToken GT $ 7.49
$ 843.27M
$ 843.27 million
-0.31%
9 Jupiter JUP $ 0.250
$ 829.08M
$ 829.08 million
-5.05%
10 PancakeSwap CAKE $ 1.57
$ 511.21M
$ 511.21 million
-2.30%
11 Aerodrome AERO $ 0.526
$ 490.75M
$ 490.75 million
+0.02%
12 Curve DAO Token CRV $ 0.279
$ 411.13M
$ 411.13 million
+7.89%
13 Sun SUN $ 0.0206
$ 395.93M
$ 395.93 million
+0.96%
14 Raydium RAY $ 0.859
$ 231.00M
$ 231.00 million
-0.88%
15 THORChain RUNE $ 0.626
$ 219.53M
$ 219.53 million
+3.28%
16 MX Token MX $ 1.75
$ 161.00M
$ 161.00 million
+0.03%
17 FTX Token FTT $ 0.350
$ 115.08M
$ 115.08 million
+0.49%
18 BitMart Token BMX $ 0.330
$ 107.72M
$ 107.72 million
-1.35%
19 KUB Coin KUB $ 0.888
$ 79.02M
$ 79.02 million
+0.13%
20 SUSHI SUSHI $ 0.252
$ 72.62M
$ 72.62 million
+1.15%
21 Osmosis OSMO $ 0.0828
$ 64.08M
$ 64.08 million
+68.41%
22 Gemini dollar GUSD $ 1.00
$ 37.69M
$ 37.69 million
-0.04%
23 Cetus CETUS $ 0.0344
$ 32.62M
$ 32.62 million
-9.45%
24 Rujira RUJI $ 0.404
$ 30.07M
$ 30.07 million
+3.55%
25 Loopring LRC $ 0.0189
$ 25.84M
$ 25.84 million
-2.15%
26 VVS Finance VVS $ 0.0₅139
$ 22.37M
$ 22.37 million
+2.46%
27 Velodrome Finance VELO $ 0.0188
$ 21.92M
$ 21.92 million
-2.15%
28 Quickswap[New] QUICK $ 0.0114
$ 21.27M
$ 21.27 million
+0.37%
29 DODO DODO $ 0.0209
$ 16.28M
$ 16.28 million
+0.51%
30 THENA THE $ 0.107
$ 13.71M
$ 13.71 million
+0.39%
31 Maverick Protocol MAV $ 0.0170
$ 13.70M
$ 13.70 million
+2.93%
32 JOE JOE $ 0.0524
$ 11.46M
$ 11.46 million
+3.60%
33 Balancer BAL $ 0.157
$ 10.70M
$ 10.70 million
+1.01%
34 Bluefin BLUE $ 0.0197
$ 9.33M
$ 9.33 million
-9.48%
35 Pangolin PNG $ 0.0343
$ 7.93M
$ 7.93 million
+6.83%
36 HTX HTX $ 0.0₅196
$ 3.70M
$ 3.70 million
-0.48%
37 IDEX IDEX $ 0.00190
$ 1.90M
$ 1.90 million
-1.06%

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

38 LEO LEO $ 9.98
$ 9.19B
$ 9.19 billion
+0.51%
39 BTSE Token BTSE $ 0.969
$ 157.05M
$ 157.05 million
-1.72%
40 LCX LCX $ 0.0932
$ 88.49M
$ 88.49 million
-2.22%
41 Huobi Token HT $ 0.152
$ 76.20M
$ 76.20 million
-0.39%
42 THORChain Yield TCY $ 0.137
$ 28.72M
$ 28.72 million
+2.32%
43 THORSwap THOR $ 0.0508
$ 25.39M
$ 25.39 million
+0.58%
44 WazirX WRX $ 0.0286
$ 12.00M
$ 12.00 million
+1.42%
45 Bitrue Coin BTR $ 0.0119
$ 9.54M
$ 9.54 million
+2.09%
46 Minswap MIN $ 0.00506
$ 8.79M
$ 8.79 million
-2.09%
47 ASD ASD $ 0.00835
$ 6.20M
$ 6.20 million
+1.09%
48 MCDex MCB $ 1.25
$ 6.03M
$ 6.03 million
-2.70%
49 CoinEx Token CET $ 0.0272
$ 5.48M
$ 5.48 million
-0.63%
50 THORChain (ERC20) RUNE $ 0.627
$ 2.17M
$ 2.17 million
+3.52%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Osmosis OSMO $ 0.0828
$ 64.08M
$ 64.08 million
+68.41%
Curve DAO Token CRV $ 0.279
$ 411.13M
$ 411.13 million
+7.89%
Pangolin PNG $ 0.0343
$ 7.93M
$ 7.93 million
+6.83%
JOE JOE $ 0.0524
$ 11.46M
$ 11.46 million
+3.60%
Rujira RUJI $ 0.404
$ 30.07M
$ 30.07 million
+3.55%
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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