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 $ 627.89
$ 84.63B
$ 84.63 billion
+0.46%
2 Hyperliquid HYPE $ 40.46
$ 12.09B
$ 12.09 billion
-1.96%
3 Cronos CRO $ 0.0694
$ 3.02B
$ 3.02 billion
-0.27%
4 Uniswap UNI $ 3.30
$ 2.10B
$ 2.10 billion
+2.10%
5 OKB OKB $ 83.33
$ 1.75B
$ 1.75 billion
-0.88%
6 Bitget Token BGB $ 1.97
$ 1.38B
$ 1.38 billion
+0.35%
7 KuCoin Token KCS $ 8.54
$ 1.15B
$ 1.15 billion
+1.08%
8 GateToken GT $ 7.34
$ 845.28M
$ 845.28 million
+0.97%
9 Jupiter JUP $ 0.191
$ 634.42M
$ 634.42 million
-1.29%
10 PancakeSwap CAKE $ 1.52
$ 497.34M
$ 497.34 million
+1.38%
11 Aerodrome AERO $ 0.495
$ 458.73M
$ 458.73 million
+7.69%
12 Sun SUN $ 0.0183
$ 351.90M
$ 351.90 million
+0.28%
13 Curve DAO Token CRV $ 0.234
$ 344.41M
$ 344.41 million
+1.83%
14 Raydium RAY $ 0.771
$ 207.49M
$ 207.49 million
+4.92%
15 THORChain RUNE $ 0.535
$ 187.87M
$ 187.87 million
+5.84%
16 MX Token MX $ 1.76
$ 161.94M
$ 161.94 million
+0.04%
17 FTX Token FTT $ 0.292
$ 96.04M
$ 96.04 million
+1.08%
18 KUB Coin KUB $ 0.867
$ 77.14M
$ 77.14 million
-1.68%
19 SUSHI SUSHI $ 0.216
$ 62.40M
$ 62.40 million
+2.57%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.04%
21 Cetus CETUS $ 0.0291
$ 27.23M
$ 27.23 million
-6.39%
22 Loopring LRC $ 0.0178
$ 24.35M
$ 24.35 million
+6.09%
23 Osmosis OSMO $ 0.0316
$ 24.35M
$ 24.35 million
+0.01%
24 Velodrome Finance VELO $ 0.0184
$ 21.16M
$ 21.16 million
+6.81%
25 Quickswap[New] QUICK $ 0.0111
$ 20.68M
$ 20.68 million
+0.19%
26 DODO DODO $ 0.0194
$ 15.14M
$ 15.14 million
-1.87%
27 THENA THE $ 0.102
$ 13.15M
$ 13.15 million
+0.02%
28 Maverick Protocol MAV $ 0.0158
$ 12.71M
$ 12.71 million
+1.07%
29 JOE JOE $ 0.0464
$ 10.16M
$ 10.16 million
+1.26%
30 Balancer BAL $ 0.148
$ 10.10M
$ 10.10 million
-0.29%
31 Bluefin BLUE $ 0.0168
$ 7.95M
$ 7.95 million
+0.58%
32 Pangolin PNG $ 0.0278
$ 6.40M
$ 6.40 million
-0.97%
33 HTX HTX $ 0.0₅182
$ 3.43M
$ 3.43 million
-0.53%
34 IDEX IDEX $ 0.00174
$ 1.74M
$ 1.74 million
-25.48%

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

35 LEO LEO $ 10.37
$ 9.55B
$ 9.55 billion
-0.04%
36 BitMart Token BMX $ 0.321
$ 104.69M
$ 104.69 million
+0.20%
37 Huobi Token HT $ 0.165
$ 82.55M
$ 82.55 million
-2.19%
38 LCX LCX $ 0.0817
$ 77.58M
$ 77.58 million
+1.02%
39 THORChain Yield TCY $ 0.148
$ 31.10M
$ 31.10 million
+6.07%
40 THORSwap THOR $ 0.0611
$ 30.55M
$ 30.55 million
+0.00%
41 VVS Finance VVS $ 0.0₅127
$ 20.49M
$ 20.49 million
-0.65%
42 Rujira RUJI $ 0.242
$ 18.00M
$ 18.00 million
+9.95%
43 WazirX WRX $ 0.0278
$ 11.66M
$ 11.66 million
+3.88%
44 Bitrue Coin BTR $ 0.0132
$ 10.56M
$ 10.56 million
+0.58%
45 Minswap MIN $ 0.00508
$ 8.90M
$ 8.90 million
+1.03%
46 ASD ASD $ 0.00995
$ 7.39M
$ 7.39 million
-18.17%
47 CoinEx Token CET $ 0.0285
$ 5.73M
$ 5.73 million
-0.52%
48 THORChain (ERC20) RUNE $ 0.534
$ 1.85M
$ 1.85 million
+5.91%
49 Camelot Token GRAIL $ 71.13
$ 1.79M
$ 1.79 million
-4.21%
50 LATOKEN LA $ 0.00340
$ 1.36M
$ 1.36 million
-0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.495
$ 458.73M
$ 458.73 million
+7.69%
Velodrome Finance VELO $ 0.0184
$ 21.16M
$ 21.16 million
+6.81%
Loopring LRC $ 0.0178
$ 24.35M
$ 24.35 million
+6.09%
THORChain RUNE $ 0.535
$ 187.87M
$ 187.87 million
+5.84%
Raydium RAY $ 0.771
$ 207.49M
$ 207.49 million
+4.92%
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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