Exchange Tokens

145 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 $ 634.16
$ 85.46B
$ 85.46 billion
+1.19%
2 Hyperliquid HYPE $ 44.01
$ 13.13B
$ 13.13 billion
+3.65%
3 Cronos CRO $ 0.0705
$ 3.07B
$ 3.07 billion
+2.40%
4 Uniswap UNI $ 3.38
$ 2.15B
$ 2.15 billion
+1.20%
5 OKB OKB $ 85.93
$ 1.80B
$ 1.80 billion
+0.64%
6 Bitget Token BGB $ 2.06
$ 1.45B
$ 1.45 billion
-0.84%
7 KuCoin Token KCS $ 8.45
$ 1.14B
$ 1.14 billion
-0.73%
8 GateToken GT $ 7.37
$ 829.37M
$ 829.37 million
+0.32%
9 Jupiter JUP $ 0.194
$ 645.82M
$ 645.82 million
+6.18%
10 PancakeSwap CAKE $ 1.52
$ 497.15M
$ 497.15 million
+0.66%
11 Aerodrome AERO $ 0.465
$ 432.13M
$ 432.13 million
+3.19%
12 Sun SUN $ 0.0195
$ 375.36M
$ 375.36 million
+1.83%
13 Curve DAO Token CRV $ 0.244
$ 359.90M
$ 359.90 million
+1.77%
14 Raydium RAY $ 0.805
$ 216.63M
$ 216.63 million
+1.63%
15 THORChain RUNE $ 0.550
$ 197.81M
$ 197.81 million
+3.74%
16 MX Token MX $ 1.76
$ 161.72M
$ 161.72 million
-0.13%
17 FTX Token FTT $ 0.333
$ 109.74M
$ 109.74 million
+13.50%
18 KUB Coin KUB $ 0.883
$ 78.56M
$ 78.56 million
+1.19%
19 SUSHI SUSHI $ 0.230
$ 66.27M
$ 66.27 million
+4.17%
20 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
+0.07%
21 Rujira RUJI $ 0.379
$ 28.24M
$ 28.24 million
+6.55%
22 Cetus CETUS $ 0.0280
$ 26.18M
$ 26.18 million
-0.40%
23 Osmosis OSMO $ 0.0323
$ 24.96M
$ 24.96 million
+1.23%
24 Loopring LRC $ 0.0171
$ 23.45M
$ 23.45 million
+1.27%
25 VVS Finance VVS $ 0.0₅128
$ 20.69M
$ 20.69 million
+1.92%
26 Velodrome Finance VELO $ 0.0176
$ 20.39M
$ 20.39 million
+1.26%
27 Quickswap[New] QUICK $ 0.0104
$ 19.26M
$ 19.26 million
+6.03%
28 DODO DODO $ 0.0192
$ 14.97M
$ 14.97 million
-0.80%
29 THENA THE $ 0.103
$ 13.22M
$ 13.22 million
-0.44%
30 Maverick Protocol MAV $ 0.0154
$ 12.35M
$ 12.35 million
-1.84%
31 Balancer BAL $ 0.155
$ 10.55M
$ 10.55 million
+0.09%
32 JOE JOE $ 0.0480
$ 10.50M
$ 10.50 million
+0.38%
33 Bluefin BLUE $ 0.0165
$ 7.86M
$ 7.86 million
+0.61%
34 Pangolin PNG $ 0.0276
$ 6.34M
$ 6.34 million
+1.56%
35 HTX HTX $ 0.0₅195
$ 3.68M
$ 3.68 million
+1.53%
36 IDEX IDEX $ 0.00193
$ 1.92M
$ 1.92 million
-4.27%

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

37 LEO LEO $ 10.35
$ 9.53B
$ 9.53 billion
+0.29%
38 BTSE Token BTSE $ 1.03
$ 167.46M
$ 167.46 million
-2.76%
39 BitMart Token BMX $ 0.321
$ 104.77M
$ 104.77 million
-2.15%
40 LCX LCX $ 0.0919
$ 87.21M
$ 87.21 million
-3.01%
41 Huobi Token HT $ 0.164
$ 82.25M
$ 82.25 million
+0.36%
42 THORChain Yield TCY $ 0.144
$ 30.15M
$ 30.15 million
+0.51%
43 THORSwap THOR $ 0.0452
$ 22.61M
$ 22.61 million
-1.52%
44 WazirX WRX $ 0.0291
$ 12.18M
$ 12.18 million
-1.39%
45 Bitrue Coin BTR $ 0.0119
$ 9.57M
$ 9.57 million
+0.53%
46 Minswap MIN $ 0.00474
$ 8.31M
$ 8.31 million
+3.07%
47 ASD ASD $ 0.00913
$ 6.78M
$ 6.78 million
+0.55%
48 CoinEx Token CET $ 0.0281
$ 5.66M
$ 5.66 million
-0.11%
49 Time TIME $ 3.47
$ 2.46M
$ 2.46 million
+4.51%
50 THORChain (ERC20) RUNE $ 0.550
$ 1.90M
$ 1.90 million
+3.89%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
FTX Token FTT $ 0.333
$ 109.74M
$ 109.74 million
+13.50%
Rujira RUJI $ 0.379
$ 28.24M
$ 28.24 million
+6.55%
Jupiter JUP $ 0.194
$ 645.82M
$ 645.82 million
+6.18%
Quickswap[New] QUICK $ 0.0104
$ 19.26M
$ 19.26 million
+6.03%
SUSHI SUSHI $ 0.230
$ 66.27M
$ 66.27 million
+4.17%
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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