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 $ 933.34
$ 127.27B
$ 127.27 billion
-0.47%
2 LEO LEO $ 8.87
$ 8.17B
$ 8.17 billion
-0.30%
3 Hyperliquid HYPE $ 24.74
$ 7.47B
$ 7.47 billion
-1.78%
4 Cronos CRO $ 0.101
$ 3.90B
$ 3.90 billion
-0.94%
5 Uniswap UNI $ 5.32
$ 3.38B
$ 3.38 billion
-3.29%
6 Bitget Token BGB $ 3.77
$ 2.64B
$ 2.64 billion
+1.48%
7 OKB OKB $ 114.47
$ 2.40B
$ 2.40 billion
+0.20%
8 KuCoin Token KCS $ 11.51
$ 1.52B
$ 1.52 billion
-0.59%
9 GateToken GT $ 10.37
$ 1.19B
$ 1.19 billion
-0.85%
10 PancakeSwap CAKE $ 2.03
$ 700.39M
$ 700.39 million
-0.04%
11 Jupiter JUP $ 0.219
$ 698.65M
$ 698.65 million
-3.42%
12 Curve DAO Token CRV $ 0.430
$ 630.73M
$ 630.73 million
+1.43%
13 Aerodrome AERO $ 0.560
$ 512.17M
$ 512.17 million
-3.19%
14 Sun SUN $ 0.0208
$ 399.90M
$ 399.90 million
-0.39%
15 Raydium RAY $ 1.14
$ 305.83M
$ 305.83 million
-5.14%
16 THORChain RUNE $ 0.669
$ 234.61M
$ 234.61 million
-1.05%
17 MX Token MX $ 2.02
$ 186.36M
$ 186.36 million
+0.02%
18 FTX Token FTT $ 0.526
$ 173.26M
$ 173.26 million
+0.51%
19 KUB Coin KUB $ 1.32
$ 117.17M
$ 117.17 million
-1.05%
20 SUSHI SUSHI $ 0.329
$ 96.11M
$ 96.11 million
-2.75%
21 Loopring LRC $ 0.0516
$ 70.61M
$ 70.61 million
-4.33%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0563
$ 53.41M
$ 53.41 million
-6.07%
23 Gemini dollar GUSD $ 1.00
$ 46.60M
$ 46.60 million
+0.01%
24 Osmosis OSMO $ 0.0571
$ 43.30M
$ 43.30 million
-2.14%
25 Balancer BAL $ 0.551
$ 37.55M
$ 37.55 million
-1.34%
26 VVS Finance VVS $ 0.0₅201
$ 32.40M
$ 32.40 million
-1.20%
27 THENA THE $ 0.253
$ 32.23M
$ 32.23 million
+0.66%
28 Velodrome Finance VELO $ 0.0241
$ 25.34M
$ 25.34 million
-2.09%
29 Cetus CETUS $ 0.0274
$ 24.55M
$ 24.55 million
-0.93%
30 Maverick Protocol MAV $ 0.0262
$ 18.79M
$ 18.79 million
-1.38%
31 DODO DODO $ 0.0183
$ 14.24M
$ 14.24 million
-2.67%
32 Bluefin BLUE $ 0.0351
$ 13.85M
$ 13.85 million
-2.21%
33 JOE JOE $ 0.0627
$ 13.71M
$ 13.71 million
-3.25%
34 IDEX IDEX $ 0.00984
$ 9.84M
$ 9.84 million
-0.45%
35 Quickswap[New] QUICK $ 0.0131
$ 9.71M
$ 9.71 million
-3.06%
36 Pangolin PNG $ 0.0409
$ 9.17M
$ 9.17 million
-0.17%
37 HTX HTX $ 0.0₅175
$ 3.29M
$ 3.29 million
+1.53%
38 Time TIME $ 4.10
$ 2.91M
$ 2.91 million
-3.61%

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

39 Tokenize Xchange TKX $ 1.85
$ 148.31M
$ 148.31 million
+0.33%
40 Huobi Token HT $ 0.227
$ 113.85M
$ 113.85 million
+1.83%
41 BitMart Token BMX $ 0.409
$ 77.83M
$ 77.83 million
+9.84%
42 THORSwap THOR $ 0.0841
$ 42.05M
$ 42.05 million
+3.61%
43 THORChain Yield TCY $ 0.154
$ 32.26M
$ 32.26 million
-7.57%
44 Rujira RUJI $ 0.328
$ 24.40M
$ 24.40 million
-3.54%
45 WazirX WRX $ 0.0493
$ 20.65M
$ 20.65 million
-2.01%
46 Bitrue Coin BTR $ 0.0252
$ 20.22M
$ 20.22 million
-1.44%
47 Minswap MIN $ 0.00941
$ 16.45M
$ 16.45 million
-2.60%
48 ASD ASD $ 0.0184
$ 13.68M
$ 13.68 million
-1.71%
49 CoinEx Token CET $ 0.0343
$ 6.89M
$ 6.89 million
+0.74%
50 Camelot Token GRAIL $ 141.22
$ 3.41M
$ 3.41 million
+6.49%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
HTX HTX $ 0.0₅175
$ 3.29M
$ 3.29 million
+1.53%
Bitget Token BGB $ 3.77
$ 2.64B
$ 2.64 billion
+1.48%
Curve DAO Token CRV $ 0.430
$ 630.73M
$ 630.73 million
+1.43%
THENA THE $ 0.253
$ 32.23M
$ 32.23 million
+0.66%
FTX Token FTT $ 0.526
$ 173.26M
$ 173.26 million
+0.51%
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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