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 $ 633.51
$ 85.39B
$ 85.39 billion
+1.18%
2 Hyperliquid HYPE $ 40.73
$ 12.17B
$ 12.17 billion
-1.54%
3 LEO LEO $ 10.37
$ 9.55B
$ 9.55 billion
+1.77%
4 Cronos CRO $ 0.0703
$ 3.06B
$ 3.06 billion
+0.89%
5 Uniswap UNI $ 3.27
$ 2.08B
$ 2.08 billion
-0.13%
6 OKB OKB $ 83.83
$ 1.76B
$ 1.76 billion
+0.67%
7 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
+0.28%
8 KuCoin Token KCS $ 8.55
$ 1.15B
$ 1.15 billion
-0.64%
9 GateToken GT $ 7.28
$ 839.27M
$ 839.27 million
+1.03%
10 Jupiter JUP $ 0.171
$ 606.08M
$ 606.08 million
-0.17%
11 PancakeSwap CAKE $ 1.54
$ 504.93M
$ 504.93 million
+0.85%
12 Aerodrome AERO $ 0.389
$ 358.58M
$ 358.58 million
-0.64%
13 Sun SUN $ 0.0183
$ 352.55M
$ 352.55 million
+1.75%
14 Curve DAO Token CRV $ 0.233
$ 341.86M
$ 341.86 million
+1.82%
15 Raydium RAY $ 0.668
$ 179.41M
$ 179.41 million
+2.66%
16 MX Token MX $ 1.77
$ 162.62M
$ 162.62 million
-0.19%
17 THORChain RUNE $ 0.452
$ 158.62M
$ 158.62 million
+7.52%
18 FTX Token FTT $ 0.292
$ 96.10M
$ 96.10 million
-0.12%
19 KUB Coin KUB $ 0.874
$ 77.82M
$ 77.82 million
+1.99%
20 SUSHI SUSHI $ 0.219
$ 63.12M
$ 63.12 million
+1.49%
21 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.00%
22 Osmosis OSMO $ 0.0323
$ 24.92M
$ 24.92 million
+0.77%
23 Cetus CETUS $ 0.0252
$ 23.59M
$ 23.59 million
+10.81%
24 Loopring LRC $ 0.0172
$ 23.48M
$ 23.48 million
+1.42%
25 Quickswap[New] QUICK $ 0.0115
$ 21.39M
$ 21.39 million
+1.27%
26 VVS Finance VVS $ 0.0₅130
$ 20.87M
$ 20.87 million
+0.97%
27 Velodrome Finance VELO $ 0.0156
$ 17.89M
$ 17.89 million
-0.14%
28 THENA THE $ 0.104
$ 13.35M
$ 13.35 million
+1.71%
29 DODO DODO $ 0.0171
$ 13.34M
$ 13.34 million
-0.97%
30 Maverick Protocol MAV $ 0.0153
$ 12.32M
$ 12.32 million
-2.84%
31 Balancer BAL $ 0.156
$ 10.64M
$ 10.64 million
+1.18%
32 JOE JOE $ 0.0485
$ 10.62M
$ 10.62 million
+3.10%
33 Bluefin BLUE $ 0.0171
$ 8.10M
$ 8.10 million
+1.17%
34 Pangolin PNG $ 0.0284
$ 6.55M
$ 6.55 million
-3.52%
35 HTX HTX $ 0.0₅181
$ 3.42M
$ 3.42 million
+0.65%
36 IDEX IDEX $ 0.00237
$ 2.37M
$ 2.37 million
+0.06%

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

37 BitMart Token BMX $ 0.322
$ 105.03M
$ 105.03 million
-0.21%
38 LCX LCX $ 0.106
$ 100.53M
$ 100.53 million
+9.47%
39 Huobi Token HT $ 0.171
$ 85.30M
$ 85.30 million
-0.64%
40 THORSwap THOR $ 0.0580
$ 29.01M
$ 29.01 million
+9.64%
41 THORChain Yield TCY $ 0.120
$ 25.16M
$ 25.16 million
+9.33%
42 Rujira RUJI $ 0.183
$ 13.60M
$ 13.60 million
+6.15%
43 WazirX WRX $ 0.0322
$ 13.50M
$ 13.50 million
-2.04%
44 Bitrue Coin BTR $ 0.0144
$ 11.51M
$ 11.51 million
+0.17%
45 ASD ASD $ 0.0142
$ 10.58M
$ 10.58 million
-0.49%
46 Minswap MIN $ 0.00525
$ 9.20M
$ 9.20 million
+2.48%
47 CoinEx Token CET $ 0.0297
$ 5.97M
$ 5.97 million
-0.69%
48 Time TIME $ 2.74
$ 1.94M
$ 1.94 million
+8.81%
49 Camelot Token GRAIL $ 66.23
$ 1.66M
$ 1.66 million
-9.49%
50 THORChain (ERC20) RUNE $ 0.451
$ 1.56M
$ 1.56 million
+7.36%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Cetus CETUS $ 0.0252
$ 23.59M
$ 23.59 million
+10.81%
THORChain RUNE $ 0.452
$ 158.62M
$ 158.62 million
+7.52%
JOE JOE $ 0.0485
$ 10.62M
$ 10.62 million
+3.10%
Raydium RAY $ 0.668
$ 179.41M
$ 179.41 million
+2.66%
KUB Coin KUB $ 0.874
$ 77.82M
$ 77.82 million
+1.99%
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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