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 $ 636.90
$ 85.84B
$ 85.84 billion
-2.03%
2 Hyperliquid HYPE $ 41.53
$ 12.41B
$ 12.41 billion
+1.09%
3 Cronos CRO $ 0.0698
$ 3.04B
$ 3.04 billion
-1.45%
4 Uniswap UNI $ 3.29
$ 2.09B
$ 2.09 billion
-3.85%
5 OKB OKB $ 84.07
$ 1.77B
$ 1.77 billion
-0.89%
6 Bitget Token BGB $ 1.94
$ 1.36B
$ 1.36 billion
-0.61%
7 KuCoin Token KCS $ 8.46
$ 1.14B
$ 1.14 billion
-2.25%
8 GateToken GT $ 7.37
$ 848.26M
$ 848.26 million
-1.44%
9 Jupiter JUP $ 0.171
$ 608.41M
$ 608.41 million
-3.85%
10 PancakeSwap CAKE $ 1.50
$ 492.72M
$ 492.72 million
-4.06%
11 Aerodrome AERO $ 0.433
$ 400.72M
$ 400.72 million
+3.04%
12 Sun SUN $ 0.0189
$ 362.90M
$ 362.90 million
+0.49%
13 Curve DAO Token CRV $ 0.224
$ 330.20M
$ 330.20 million
-5.17%
14 Raydium RAY $ 0.668
$ 179.40M
$ 179.40 million
-2.08%
15 THORChain RUNE $ 0.485
$ 170.11M
$ 170.11 million
-0.54%
16 MX Token MX $ 1.77
$ 162.13M
$ 162.13 million
-0.31%
17 FTX Token FTT $ 0.290
$ 95.36M
$ 95.36 million
-2.41%
18 KUB Coin KUB $ 0.872
$ 77.58M
$ 77.58 million
-2.32%
19 SUSHI SUSHI $ 0.222
$ 64.01M
$ 64.01 million
-2.18%
20 Gemini dollar GUSD $ 0.999
$ 35.66M
$ 35.66 million
-0.07%
21 Cetus CETUS $ 0.0270
$ 25.20M
$ 25.20 million
-1.75%
22 Osmosis OSMO $ 0.0320
$ 24.68M
$ 24.68 million
-1.11%
23 Loopring LRC $ 0.0172
$ 23.48M
$ 23.48 million
-1.21%
24 Quickswap[New] QUICK $ 0.0115
$ 21.40M
$ 21.40 million
-1.50%
25 VVS Finance VVS $ 0.0₅129
$ 20.74M
$ 20.74 million
-1.87%
26 Velodrome Finance VELO $ 0.0156
$ 18.04M
$ 18.04 million
-2.60%
27 DODO DODO $ 0.0194
$ 15.04M
$ 15.04 million
+13.55%
28 Maverick Protocol MAV $ 0.0171
$ 13.75M
$ 13.75 million
+10.30%
29 THENA THE $ 0.103
$ 13.30M
$ 13.30 million
-5.30%
30 JOE JOE $ 0.0507
$ 11.09M
$ 11.09 million
+2.72%
31 Balancer BAL $ 0.151
$ 10.31M
$ 10.31 million
-1.71%
32 Bluefin BLUE $ 0.0176
$ 8.33M
$ 8.33 million
-0.51%
33 Pangolin PNG $ 0.0294
$ 6.78M
$ 6.78 million
+1.04%
34 HTX HTX $ 0.0₅183
$ 3.45M
$ 3.45 million
+0.44%
35 IDEX IDEX $ 0.00236
$ 2.36M
$ 2.36 million
-0.79%

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

36 LEO LEO $ 10.18
$ 9.37B
$ 9.37 billion
-0.51%
37 BitMart Token BMX $ 0.328
$ 107.00M
$ 107.00 million
+2.58%
38 LCX LCX $ 0.0999
$ 94.86M
$ 94.86 million
-3.25%
39 Huobi Token HT $ 0.171
$ 85.25M
$ 85.25 million
+0.24%
40 THORSwap THOR $ 0.0643
$ 32.08M
$ 32.08 million
+2.31%
41 THORChain Yield TCY $ 0.143
$ 29.97M
$ 29.97 million
+5.82%
42 Rujira RUJI $ 0.213
$ 15.87M
$ 15.87 million
+0.90%
43 WazirX WRX $ 0.0311
$ 13.04M
$ 13.04 million
-3.38%
44 Bitrue Coin BTR $ 0.0137
$ 11.00M
$ 11.00 million
-3.81%
45 ASD ASD $ 0.0138
$ 10.23M
$ 10.23 million
-3.03%
46 Minswap MIN $ 0.00522
$ 9.14M
$ 9.14 million
-3.92%
47 CoinEx Token CET $ 0.0286
$ 5.74M
$ 5.74 million
-2.40%
48 Camelot Token GRAIL $ 77.85
$ 1.96M
$ 1.96 million
-1.96%
49 Time TIME $ 2.48
$ 1.76M
$ 1.76 million
-9.56%
50 THORChain (ERC20) RUNE $ 0.483
$ 1.67M
$ 1.67 million
-0.82%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
DODO DODO $ 0.0194
$ 15.04M
$ 15.04 million
+13.55%
Maverick Protocol MAV $ 0.0171
$ 13.75M
$ 13.75 million
+10.30%
Aerodrome AERO $ 0.433
$ 400.72M
$ 400.72 million
+3.04%
JOE JOE $ 0.0507
$ 11.09M
$ 11.09 million
+2.72%
Hyperliquid HYPE $ 41.53
$ 12.41B
$ 12.41 billion
+1.09%
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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