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 $ 615.86
$ 84.00B
$ 84.00 billion
+2.72%
2 Hyperliquid HYPE $ 30.32
$ 9.11B
$ 9.11 billion
+4.05%
3 LEO LEO $ 8.42
$ 7.75B
$ 7.75 billion
+3.08%
4 Cronos CRO $ 0.0766
$ 3.05B
$ 3.05 billion
+0.93%
5 Uniswap UNI $ 3.42
$ 2.17B
$ 2.17 billion
+5.03%
6 Bitget Token BGB $ 2.36
$ 1.65B
$ 1.65 billion
+1.72%
7 OKB OKB $ 74.77
$ 1.57B
$ 1.57 billion
+2.59%
8 KuCoin Token KCS $ 8.05
$ 1.06B
$ 1.06 billion
+0.86%
9 GateToken GT $ 6.94
$ 799.30M
$ 799.30 million
+0.17%
10 Jupiter JUP $ 0.139
$ 449.97M
$ 449.97 million
-0.49%
11 PancakeSwap CAKE $ 1.31
$ 435.75M
$ 435.75 million
+2.47%
12 Curve DAO Token CRV $ 0.238
$ 348.80M
$ 348.80 million
+3.74%
13 Sun SUN $ 0.0168
$ 323.53M
$ 323.53 million
+1.54%
14 Aerodrome AERO $ 0.293
$ 268.33M
$ 268.33 million
+0.56%
15 MX Token MX $ 1.81
$ 165.95M
$ 165.95 million
+0.36%
16 Raydium RAY $ 0.582
$ 156.63M
$ 156.63 million
+3.64%
17 THORChain RUNE $ 0.392
$ 137.45M
$ 137.45 million
+0.94%
18 FTX Token FTT $ 0.338
$ 111.34M
$ 111.34 million
+3.34%
19 KUB Coin KUB $ 1.04
$ 92.27M
$ 92.27 million
-0.98%
20 SUSHI SUSHI $ 0.201
$ 58.75M
$ 58.75 million
+4.14%
21 Loopring LRC $ 0.0392
$ 53.61M
$ 53.61 million
+3.09%
22 Gemini dollar GUSD $ 1.00
$ 47.13M
$ 47.13 million
-0.24%
23 THENA THE $ 0.278
$ 34.58M
$ 34.58 million
+5.74%
24 THORSwap THOR $ 0.0606
$ 30.31M
$ 30.31 million
+8.37%
25 Osmosis OSMO $ 0.0378
$ 28.78M
$ 28.78 million
+1.34%
26 VVS Finance VVS $ 0.0₅150
$ 24.27M
$ 24.27 million
+0.56%
27 Velodrome Finance VELO $ 0.0141
$ 15.09M
$ 15.09 million
+7.48%
28 Cetus CETUS $ 0.0156
$ 14.17M
$ 14.17 million
+3.73%
29 Maverick Protocol MAV $ 0.0162
$ 11.66M
$ 11.66 million
+2.28%
30 DODO DODO $ 0.0149
$ 11.63M
$ 11.63 million
+7.34%
31 Balancer BAL $ 0.156
$ 10.60M
$ 10.60 million
-0.90%
32 JOE JOE $ 0.0378
$ 8.27M
$ 8.27 million
+6.57%
33 Bluefin BLUE $ 0.0209
$ 8.22M
$ 8.22 million
+8.82%
34 IDEX IDEX $ 0.00708
$ 7.08M
$ 7.08 million
+4.11%
35 Quickswap[New] QUICK $ 0.00922
$ 6.83M
$ 6.83 million
+5.89%
36 Pangolin PNG $ 0.0247
$ 5.69M
$ 5.69 million
-4.85%
37 HTX HTX $ 0.0₅169
$ 3.18M
$ 3.18 million
+1.64%
38 Time TIME $ 3.20
$ 2.27M
$ 2.27 million
-0.11%

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

39 BitMart Token BMX $ 0.384
$ 125.25M
$ 125.25 million
-2.28%
40 Tokenize Xchange TKX $ 1.33
$ 106.36M
$ 106.36 million
+0.46%
41 Huobi Token HT $ 0.210
$ 104.80M
$ 104.80 million
+0.10%
42 LCX LCX $ 0.0773
$ 73.36M
$ 73.36 million
-4.15%
43 THORChain Yield TCY $ 0.0777
$ 16.32M
$ 16.32 million
-1.49%
44 Rujira RUJI $ 0.208
$ 15.47M
$ 15.47 million
+0.34%
45 WazirX WRX $ 0.0359
$ 15.06M
$ 15.06 million
+0.48%
46 Bitrue Coin BTR $ 0.0177
$ 14.22M
$ 14.22 million
-0.50%
47 ASD ASD $ 0.0159
$ 11.80M
$ 11.80 million
+8.40%
48 Minswap MIN $ 0.00545
$ 9.60M
$ 9.60 million
+0.25%
49 CoinEx Token CET $ 0.0283
$ 5.70M
$ 5.70 million
+2.57%
50 Camelot Token GRAIL $ 74.98
$ 1.81M
$ 1.81 million
+4.39%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Bluefin BLUE $ 0.0209
$ 8.22M
$ 8.22 million
+8.82%
THORSwap THOR $ 0.0606
$ 30.31M
$ 30.31 million
+8.37%
Velodrome Finance VELO $ 0.0141
$ 15.09M
$ 15.09 million
+7.48%
DODO DODO $ 0.0149
$ 11.63M
$ 11.63 million
+7.34%
JOE JOE $ 0.0378
$ 8.27M
$ 8.27 million
+6.57%
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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