Exchange Tokens

69 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 $ 905.61
$ 124.77B
$ 124.77 billion
-0.87%
2 Hyperliquid HYPE $ 27.39
$ 8.26B
$ 8.26 billion
+0.18%
3 LEO LEO $ 8.91
$ 8.21B
$ 8.21 billion
-2.58%
4 WhiteBIT Coin WBT $ 57.54
$ 5.00B
$ 5.00 billion
-2.14%
5 Uniswap UNI $ 5.94
$ 4.27B
$ 4.27 billion
-0.44%
6 Cronos CRO $ 0.107
$ 4.13B
$ 4.13 billion
-1.65%
7 Bitget Token BGB $ 3.55
$ 2.49B
$ 2.49 billion
-1.07%
8 OKB OKB $ 113.72
$ 2.39B
$ 2.39 billion
-0.96%
9 KuCoin Token KCS $ 11.55
$ 1.53B
$ 1.53 billion
+1.09%
10 GateToken GT $ 10.55
$ 845.03M
$ 845.03 million
-1.39%
11 Jupiter JUP $ 0.226
$ 721.28M
$ 721.28 million
+1.19%
12 PancakeSwap CAKE $ 2.00
$ 671.48M
$ 671.48 million
-2.89%
13 Curve DAO Token CRV $ 0.423
$ 617.41M
$ 617.41 million
-2.42%
14 Aerodrome AERO $ 0.592
$ 539.11M
$ 539.11 million
-1.94%
15 Sun SUN $ 0.0201
$ 385.66M
$ 385.66 million
-0.23%
16 Raydium RAY $ 1.22
$ 326.59M
$ 326.59 million
+0.86%
17 THORChain RUNE $ 0.594
$ 208.54M
$ 208.54 million
-2.53%
18 MX Token MX $ 2.09
$ 193.20M
$ 193.20 million
+0.80%
19 FTX Token FTT $ 0.538
$ 176.85M
$ 176.85 million
-0.12%
20 KUB Coin KUB $ 1.27
$ 112.77M
$ 112.77 million
+0.82%
21 SUSHI SUSHI $ 0.349
$ 101.93M
$ 101.93 million
+1.49%
22 Loopring LRC $ 0.0541
$ 73.96M
$ 73.96 million
-1.00%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0687
$ 65.27M
$ 65.27 million
+3.94%
24 Gemini dollar GUSD $ 1.00
$ 45.67M
$ 45.67 million
+0.09%
25 Osmosis OSMO $ 0.0592
$ 44.88M
$ 44.88 million
+4.29%
26 Balancer BAL $ 0.559
$ 37.16M
$ 37.16 million
-2.02%
27 VVS Finance VVS $ 0.0₅213
$ 34.25M
$ 34.25 million
-2.25%
28 Rujira RUJI $ 0.376
$ 27.99M
$ 27.99 million
+0.87%
29 THENA THE $ 0.216
$ 27.49M
$ 27.49 million
+2.45%
30 Velodrome Finance VELO $ 0.0239
$ 25.56M
$ 25.56 million
-3.63%
31 Maverick Protocol MAV $ 0.0298
$ 19.90M
$ 19.90 million
+5.74%
32 Minswap MIN $ 0.0102
$ 17.81M
$ 17.81 million
-1.02%
33 JOE JOE $ 0.0698
$ 15.27M
$ 15.27 million
-3.21%
34 DODO DODO $ 0.0198
$ 15.15M
$ 15.15 million
+1.77%
35 Bluefin BLUE $ 0.0363
$ 14.33M
$ 14.33 million
-12.49%
36 Quickswap[New] QUICK $ 0.0130
$ 9.65M
$ 9.65 million
+3.31%
37 Cetus CETUS $ 0.0283
$ 9.53M
$ 9.53 million
+1.12%
38 IDEX IDEX $ 0.00951
$ 9.51M
$ 9.51 million
+0.07%
39 Pangolin PNG $ 0.0417
$ 9.35M
$ 9.35 million
+12.20%
40 HTX HTX $ 0.0₅167
$ 3.12M
$ 3.12 million
-0.56%
41 Time TIME $ 4.05
$ 2.88M
$ 2.88 million
-2.61%

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

42 Tokenize Xchange TKX $ 1.83
$ 146.27M
$ 146.27 million
+0.02%
43 BitMart Token BMX $ 0.361
$ 68.67M
$ 68.67 million
+0.50%
44 Huobi Token HT $ 0.101
$ 50.50M
$ 50.50 million
-3.81%
45 THORSwap THOR $ 0.0696
$ 34.81M
$ 34.81 million
-2.99%
46 THORChain Yield TCY $ 0.134
$ 28.14M
$ 28.14 million
-1.32%
47 WazirX WRX $ 0.0513
$ 21.46M
$ 21.46 million
-0.51%
48 Bitrue Coin BTR $ 0.0260
$ 20.90M
$ 20.90 million
-0.70%
49 ASD ASD $ 0.0193
$ 14.35M
$ 14.35 million
+0.31%
50 MCDex MCB $ 2.43
$ 11.67M
$ 11.67 million
+4.03%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Pangolin PNG $ 0.0417
$ 9.35M
$ 9.35 million
+12.20%
Maverick Protocol MAV $ 0.0298
$ 19.90M
$ 19.90 million
+5.74%
Osmosis OSMO $ 0.0592
$ 44.88M
$ 44.88 million
+4.29%
Liechtenstein Cryptoassets Exchange LCX $ 0.0687
$ 65.27M
$ 65.27 million
+3.94%
Quickswap[New] QUICK $ 0.0130
$ 9.65M
$ 9.65 million
+3.31%
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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