Exchange Tokens

147 coins #18

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Live Price Market cap 24h
1 BNB BNB $ 566.01
$ 76.30B
$ 76.30 billion
-1.26%
2 Hyperliquid HYPE $ 63.19
$ 18.89B
$ 18.89 billion
-5.77%
3 Cronos CRO $ 0.0544
$ 2.51B
$ 2.51 billion
-2.29%
4 Uniswap UNI $ 3.53
$ 2.19B
$ 2.19 billion
-2.27%
5 OKB OKB $ 80.49
$ 1.69B
$ 1.69 billion
-0.10%
6 Bitget Token BGB $ 1.63
$ 1.14B
$ 1.14 billion
-2.76%
7 KuCoin Token KCS $ 6.77
$ 929.46M
$ 929.46 million
-3.91%
8 GateToken GT $ 6.65
$ 731.44M
$ 731.44 million
-0.60%
9 Jupiter JUP $ 0.207
$ 689.20M
$ 689.20 million
+3.49%
10 Aerodrome AERO $ 0.480
$ 463.50M
$ 463.50 million
-5.14%
11 PancakeSwap CAKE $ 1.39
$ 448.01M
$ 448.01 million
-0.94%
12 Sun SUN $ 0.0181
$ 348.99M
$ 348.99 million
-2.16%
13 Curve DAO Token CRV $ 0.212
$ 326.00M
$ 326.00 million
+2.49%
14 Raydium RAY $ 0.662
$ 178.20M
$ 178.20 million
-2.71%
15 MX Token MX $ 1.64
$ 150.60M
$ 150.60 million
-1.06%
16 THORChain RUNE $ 0.403
$ 136.53M
$ 136.53 million
+0.48%
17 FTX Token FTT $ 0.212
$ 69.63M
$ 69.63 million
-2.79%
18 KUB Coin KUB $ 0.709
$ 63.11M
$ 63.11 million
-1.61%
19 SUSHI SUSHI $ 0.157
$ 45.82M
$ 45.82 million
-2.63%
20 Gemini dollar GUSD $ 1.00
$ 29.80M
$ 29.80 million
+0.10%
21 Osmosis OSMO $ 0.0332
$ 25.86M
$ 25.86 million
-4.29%
22 Velodrome Finance VELO $ 0.0202
$ 25.13M
$ 25.13 million
-4.03%
23 LCX LCX $ 0.0220
$ 20.25M
$ 20.25 million
-7.04%
24 Cetus CETUS $ 0.0176
$ 16.84M
$ 16.84 million
-2.24%
25 DODO DODO $ 0.0213
$ 16.58M
$ 16.58 million
-9.42%
26 Loopring LRC $ 0.0107
$ 14.67M
$ 14.67 million
+0.35%
27 Quickswap[New] QUICK $ 0.00753
$ 14.25M
$ 14.25 million
-0.94%
28 THENA THE $ 0.0561
$ 7.91M
$ 7.91 million
+6.45%
29 Maverick Protocol MAV $ 0.00914
$ 7.85M
$ 7.85 million
-3.00%
30 Balancer BAL $ 0.0948
$ 6.57M
$ 6.57 million
-1.12%
31 JOE JOE $ 0.0268
$ 5.87M
$ 5.87 million
-3.12%
32 Pangolin PNG $ 0.0208
$ 4.89M
$ 4.89 million
-1.43%
33 Bluefin BLUE $ 0.00885
$ 4.65M
$ 4.65 million
-3.32%
34 HTX HTX $ 0.0₅182
$ 3.80M
$ 3.80 million
-2.16%
35 IDEX IDEX $ 0.00139
$ 1.40M
$ 1.40 million
+16.66%
36 SAROS SAROS $ 0.000403
$ 1.05M
$ 1.05 million
-8.50%

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

37 LEO LEO $ 9.52
$ 8.76B
$ 8.76 billion
-0.27%
38 BitMart Token BMX $ 0.318
$ 103.66M
$ 103.66 million
-0.55%
39 THORChain Yield TCY $ 0.101
$ 21.28M
$ 21.28 million
+4.30%
40 Huobi Token HT $ 0.0409
$ 20.45M
$ 20.45 million
+3.57%
41 THORSwap THOR $ 0.0334
$ 16.68M
$ 16.68 million
+0.30%
42 Rujira RUJI $ 0.210
$ 15.61M
$ 15.61 million
+3.93%
43 VVS Finance VVS $ 0.0₆952
$ 15.33M
$ 15.33 million
-1.48%
44 Bitrue Coin BTR $ 0.00967
$ 7.75M
$ 7.75 million
+1.50%
45 WazirX WRX $ 0.0182
$ 7.64M
$ 7.64 million
+1.22%
46 Minswap MIN $ 0.00291
$ 5.04M
$ 5.04 million
-2.22%
47 Time TIME $ 6.60
$ 4.69M
$ 4.69 million
-18.70%
48 CoinEx Token CET $ 0.0125
$ 2.51M
$ 2.51 million
-3.03%
49 Camelot Token GRAIL $ 60.26
$ 1.55M
$ 1.55 million
-8.60%
50 THORChain (ERC20) RUNE $ 0.404
$ 1.40M
$ 1.40 million
+0.45%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
IDEX IDEX $ 0.00139
$ 1.40M
$ 1.40 million
+16.66%
THENA THE $ 0.0561
$ 7.91M
$ 7.91 million
+6.45%
Jupiter JUP $ 0.207
$ 689.20M
$ 689.20 million
+3.49%
Curve DAO Token CRV $ 0.212
$ 326.00M
$ 326.00 million
+2.49%
THORChain RUNE $ 0.403
$ 136.53M
$ 136.53 million
+0.48%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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