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 $ 614.58
$ 83.80B
$ 83.80 billion
+1.61%
2 Hyperliquid HYPE $ 37.25
$ 11.14B
$ 11.14 billion
+3.97%
3 Cronos CRO $ 0.0713
$ 3.02B
$ 3.02 billion
+2.68%
4 Uniswap UNI $ 3.61
$ 2.28B
$ 2.28 billion
+3.71%
5 OKB OKB $ 84.12
$ 1.77B
$ 1.77 billion
+1.62%
6 Bitget Token BGB $ 1.98
$ 1.38B
$ 1.38 billion
+2.84%
7 KuCoin Token KCS $ 8.11
$ 1.07B
$ 1.07 billion
+1.08%
8 GateToken GT $ 6.58
$ 758.49M
$ 758.49 million
+1.68%
9 Jupiter JUP $ 0.164
$ 583.58M
$ 583.58 million
+7.85%
10 PancakeSwap CAKE $ 1.41
$ 482.29M
$ 482.29 million
+3.55%
11 Sun SUN $ 0.0180
$ 345.82M
$ 345.82 million
+1.06%
12 Curve DAO Token CRV $ 0.221
$ 324.31M
$ 324.31 million
+4.35%
13 Aerodrome AERO $ 0.326
$ 302.20M
$ 302.20 million
+5.04%
14 Raydium RAY $ 0.704
$ 189.27M
$ 189.27 million
+25.08%
15 MX Token MX $ 1.79
$ 164.42M
$ 164.42 million
+0.11%
16 THORChain RUNE $ 0.411
$ 144.44M
$ 144.44 million
+2.99%
17 FTX Token FTT $ 0.304
$ 99.97M
$ 99.97 million
+1.64%
18 KUB Coin KUB $ 0.824
$ 73.38M
$ 73.38 million
+0.07%
19 SUSHI SUSHI $ 0.199
$ 58.06M
$ 58.06 million
+2.62%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.11%
21 Loopring LRC $ 0.0200
$ 27.34M
$ 27.34 million
+2.69%
22 Osmosis OSMO $ 0.0307
$ 23.60M
$ 23.60 million
+1.34%
23 VVS Finance VVS $ 0.0₅136
$ 21.86M
$ 21.86 million
+2.04%
24 Cetus CETUS $ 0.0196
$ 18.10M
$ 18.10 million
-3.21%
25 Velodrome Finance VELO $ 0.0142
$ 16.01M
$ 16.01 million
+2.78%
26 THENA THE $ 0.105
$ 13.46M
$ 13.46 million
-3.94%
27 DODO DODO $ 0.0156
$ 12.15M
$ 12.15 million
+12.95%
28 Balancer BAL $ 0.146
$ 9.93M
$ 9.93 million
+2.13%
29 Maverick Protocol MAV $ 0.0131
$ 9.40M
$ 9.40 million
+4.35%
30 JOE JOE $ 0.0373
$ 8.17M
$ 8.17 million
+2.19%
31 Bluefin BLUE $ 0.0172
$ 7.68M
$ 7.68 million
+1.74%
32 Quickswap[New] QUICK $ 0.00944
$ 7.00M
$ 7.00 million
+3.89%
33 Pangolin PNG $ 0.0287
$ 6.61M
$ 6.61 million
+0.80%
34 HTX HTX $ 0.0₅171
$ 3.22M
$ 3.22 million
-0.04%
35 IDEX IDEX $ 0.00208
$ 2.08M
$ 2.08 million
-19.59%

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

36 LEO LEO $ 10.04
$ 9.24B
$ 9.24 billion
+0.49%
37 BTSE Token BTSE $ 1.41
$ 228.16M
$ 228.16 million
-0.01%
38 BitMart Token BMX $ 0.314
$ 102.56M
$ 102.56 million
-0.22%
39 Huobi Token HT $ 0.175
$ 87.65M
$ 87.65 million
+2.11%
40 LCX LCX $ 0.0749
$ 71.14M
$ 71.14 million
+3.43%
41 THORChain Yield TCY $ 0.121
$ 25.44M
$ 25.44 million
+1.72%
42 THORSwap THOR $ 0.0471
$ 23.53M
$ 23.53 million
+2.76%
43 Rujira RUJI $ 0.213
$ 15.90M
$ 15.90 million
+3.78%
44 Bitrue Coin BTR $ 0.0160
$ 12.81M
$ 12.81 million
-0.34%
45 ASD ASD $ 0.0150
$ 11.18M
$ 11.18 million
+6.59%
46 Minswap MIN $ 0.00519
$ 9.11M
$ 9.11 million
+0.30%
47 WazirX WRX $ 0.0207
$ 8.67M
$ 8.67 million
+0.49%
48 CoinEx Token CET $ 0.0294
$ 5.90M
$ 5.90 million
+0.57%
49 Camelot Token GRAIL $ 81.36
$ 1.99M
$ 1.99 million
+4.05%
50 Time TIME $ 2.41
$ 1.71M
$ 1.71 million
-1.20%
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Trending Exchange Tokens

Top Gainers

Coins Price Market cap 24h
Raydium RAY $ 0.704
$ 189.27M
$ 189.27 million
+25.08%
DODO DODO $ 0.0156
$ 12.15M
$ 12.15 million
+12.95%
Jupiter JUP $ 0.164
$ 583.58M
$ 583.58 million
+7.85%
Aerodrome AERO $ 0.326
$ 302.20M
$ 302.20 million
+5.04%
Curve DAO Token CRV $ 0.221
$ 324.31M
$ 324.31 million
+4.35%
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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