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 $ 638.39
$ 86.05B
$ 86.05 billion
+0.17%
2 Hyperliquid HYPE $ 41.37
$ 12.36B
$ 12.36 billion
+0.89%
3 Cronos CRO $ 0.0699
$ 3.04B
$ 3.04 billion
+0.26%
4 Uniswap UNI $ 3.25
$ 2.07B
$ 2.07 billion
-1.18%
5 OKB OKB $ 83.99
$ 1.76B
$ 1.76 billion
+0.26%
6 Bitget Token BGB $ 1.95
$ 1.37B
$ 1.37 billion
+0.23%
7 KuCoin Token KCS $ 8.45
$ 1.14B
$ 1.14 billion
-0.28%
8 GateToken GT $ 7.38
$ 850.73M
$ 850.73 million
-0.17%
9 Jupiter JUP $ 0.174
$ 619.63M
$ 619.63 million
+2.43%
10 PancakeSwap CAKE $ 1.51
$ 493.89M
$ 493.89 million
+0.24%
11 Aerodrome AERO $ 0.433
$ 401.37M
$ 401.37 million
+4.17%
12 Sun SUN $ 0.0189
$ 362.93M
$ 362.93 million
-0.00%
13 Curve DAO Token CRV $ 0.223
$ 329.11M
$ 329.11 million
-1.35%
14 Raydium RAY $ 0.665
$ 178.82M
$ 178.82 million
+0.71%
15 THORChain RUNE $ 0.476
$ 167.13M
$ 167.13 million
-2.98%
16 MX Token MX $ 1.77
$ 162.16M
$ 162.16 million
-0.13%
17 FTX Token FTT $ 0.296
$ 97.31M
$ 97.31 million
+1.60%
18 KUB Coin KUB $ 0.883
$ 78.59M
$ 78.59 million
-0.29%
19 SUSHI SUSHI $ 0.221
$ 63.93M
$ 63.93 million
-1.41%
20 Gemini dollar GUSD $ 1.000
$ 35.69M
$ 35.69 million
+0.01%
21 Cetus CETUS $ 0.0277
$ 25.80M
$ 25.80 million
-3.47%
22 Osmosis OSMO $ 0.0324
$ 24.99M
$ 24.99 million
+1.72%
23 Loopring LRC $ 0.0173
$ 23.67M
$ 23.67 million
+1.33%
24 Quickswap[New] QUICK $ 0.0115
$ 21.40M
$ 21.40 million
-0.06%
25 VVS Finance VVS $ 0.0₅128
$ 20.69M
$ 20.69 million
-0.84%
26 Velodrome Finance VELO $ 0.0164
$ 18.95M
$ 18.95 million
+3.92%
27 DODO DODO $ 0.0199
$ 15.51M
$ 15.51 million
+10.90%
28 THENA THE $ 0.103
$ 13.27M
$ 13.27 million
-2.45%
29 Maverick Protocol MAV $ 0.0160
$ 12.87M
$ 12.87 million
+6.14%
30 JOE JOE $ 0.0516
$ 11.29M
$ 11.29 million
+6.66%
31 Balancer BAL $ 0.152
$ 10.35M
$ 10.35 million
-0.23%
32 Bluefin BLUE $ 0.0175
$ 8.29M
$ 8.29 million
+2.41%
33 Pangolin PNG $ 0.0287
$ 6.61M
$ 6.61 million
-1.07%
34 HTX HTX $ 0.0₅183
$ 3.46M
$ 3.46 million
+0.29%
35 IDEX IDEX $ 0.00237
$ 2.37M
$ 2.37 million
-3.07%

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

36 LEO LEO $ 10.30
$ 9.49B
$ 9.49 billion
+0.18%
37 BTSE Token BTSE $ 1.16
$ 188.44M
$ 188.44 million
-1.38%
38 BitMart Token BMX $ 0.320
$ 104.47M
$ 104.47 million
-0.42%
39 LCX LCX $ 0.105
$ 100.14M
$ 100.14 million
+8.00%
40 Huobi Token HT $ 0.171
$ 85.35M
$ 85.35 million
+0.23%
41 THORSwap THOR $ 0.0633
$ 31.66M
$ 31.66 million
-1.79%
42 THORChain Yield TCY $ 0.137
$ 28.73M
$ 28.73 million
-4.28%
43 Rujira RUJI $ 0.212
$ 15.81M
$ 15.81 million
-2.39%
44 WazirX WRX $ 0.0300
$ 12.57M
$ 12.57 million
-7.69%
45 Bitrue Coin BTR $ 0.0136
$ 10.91M
$ 10.91 million
-4.33%
46 ASD ASD $ 0.0138
$ 10.24M
$ 10.24 million
-2.96%
47 Minswap MIN $ 0.00523
$ 9.16M
$ 9.16 million
+0.06%
48 CoinEx Token CET $ 0.0281
$ 5.64M
$ 5.64 million
-2.64%
49 Camelot Token GRAIL $ 76.05
$ 1.92M
$ 1.92 million
-0.04%
50 THORChain (ERC20) RUNE $ 0.475
$ 1.64M
$ 1.64 million
-2.88%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
DODO DODO $ 0.0199
$ 15.51M
$ 15.51 million
+10.90%
JOE JOE $ 0.0516
$ 11.29M
$ 11.29 million
+6.66%
Maverick Protocol MAV $ 0.0160
$ 12.87M
$ 12.87 million
+6.14%
Aerodrome AERO $ 0.433
$ 401.37M
$ 401.37 million
+4.17%
Velodrome Finance VELO $ 0.0164
$ 18.95M
$ 18.95 million
+3.92%
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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