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 $ 603.27
$ 80.33B
$ 80.33 billion
-0.26%
2 Hyperliquid HYPE $ 59.26
$ 17.72B
$ 17.72 billion
+0.47%
3 Cronos CRO $ 0.0462
$ 2.24B
$ 2.24 billion
-2.62%
4 OKB OKB $ 97.50
$ 2.05B
$ 2.05 billion
-5.60%
5 Uniswap UNI $ 3.26
$ 2.03B
$ 2.03 billion
-0.46%
6 HTX HTX $ 0.0₅178
$ 1.60B
$ 1.60 billion
-0.83%
7 Bitget Token BGB $ 1.67
$ 1.17B
$ 1.17 billion
+1.01%
8 KuCoin Token KCS $ 6.49
$ 890.41M
$ 890.41 million
-1.58%
9 GateToken GT $ 6.69
$ 736.67M
$ 736.67 million
-0.10%
10 Jupiter JUP $ 0.165
$ 546.99M
$ 546.99 million
-2.34%
11 PancakeSwap CAKE $ 1.46
$ 467.93M
$ 467.93 million
+0.13%
12 Aerodrome AERO $ 0.405
$ 395.58M
$ 395.58 million
-1.96%
13 Curve DAO Token CRV $ 0.244
$ 378.27M
$ 378.27 million
-2.71%
14 Sun SUN $ 0.0178
$ 341.44M
$ 341.44 million
-0.82%
15 Raydium RAY $ 0.610
$ 164.30M
$ 164.30 million
-2.11%
16 MX Token MX $ 1.64
$ 150.27M
$ 150.27 million
+0.57%
17 THORChain RUNE $ 0.409
$ 138.25M
$ 138.25 million
-2.76%
18 FTX Token FTT $ 0.199
$ 65.52M
$ 65.52 million
-2.81%
19 KUB Coin KUB $ 0.540
$ 48.05M
$ 48.05 million
+12.99%
20 SUSHI SUSHI $ 0.157
$ 46.05M
$ 46.05 million
-2.29%
21 Gemini dollar GUSD $ 1.00
$ 30.43M
$ 30.43 million
+0.07%
22 Osmosis OSMO $ 0.0301
$ 23.66M
$ 23.66 million
-0.14%
23 Velodrome Finance VELO $ 0.0167
$ 21.35M
$ 21.35 million
-2.23%
24 Cetus CETUS $ 0.0209
$ 20.06M
$ 20.06 million
-4.23%
25 DODO DODO $ 0.0220
$ 17.09M
$ 17.09 million
+0.90%
26 Quickswap[New] QUICK $ 0.00789
$ 14.87M
$ 14.87 million
-1.56%
27 Loopring LRC $ 0.00811
$ 11.09M
$ 11.09 million
-5.00%
28 Maverick Protocol MAV $ 0.00900
$ 9.43M
$ 9.43 million
-4.18%
29 THENA THE $ 0.0608
$ 8.71M
$ 8.71 million
-1.40%
30 Balancer BAL $ 0.105
$ 7.29M
$ 7.29 million
-0.00%
31 JOE JOE $ 0.0268
$ 5.86M
$ 5.86 million
-4.02%
32 Minswap MIN $ 0.00294
$ 5.06M
$ 5.06 million
-1.02%
33 Pangolin PNG $ 0.0193
$ 4.56M
$ 4.56 million
+0.26%
34 Bluefin BLUE $ 0.00741
$ 4.09M
$ 4.09 million
-2.75%
35 SAROS SAROS $ 0.000275
$ 862,402
$ 862,402
-2.84%

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

36 LEO LEO $ 9.41
$ 8.66B
$ 8.66 billion
+0.64%
37 BTSE Token BTSE $ 0.964
$ 156.21M
$ 156.21 million
+4.39%
38 Huobi Token HT $ 0.103
$ 51.27M
$ 51.27 million
+0.34%
39 THORChain Yield TCY $ 0.131
$ 27.54M
$ 27.54 million
-2.41%
40 THORSwap THOR $ 0.0405
$ 20.23M
$ 20.23 million
+0.21%
41 BitMart Token BMX $ 0.0610
$ 19.91M
$ 19.91 million
+7.43%
42 VVS Finance VVS $ 0.0₆796
$ 12.82M
$ 12.82 million
-2.41%
43 Rujira RUJI $ 0.170
$ 12.64M
$ 12.64 million
-0.60%
44 Bitrue Coin BTR $ 0.00925
$ 7.41M
$ 7.41 million
-0.18%
45 WazirX WRX $ 0.0131
$ 5.47M
$ 5.47 million
-3.47%
46 Time TIME $ 5.72
$ 4.06M
$ 4.06 million
-11.27%
47 LCX LCX $ 0.0146
$ 3.74M
$ 3.74 million
-1.00%
48 CoinEx Token CET $ 0.0120
$ 2.40M
$ 2.40 million
-1.36%
49 THORChain (ERC20) RUNE $ 0.411
$ 1.42M
$ 1.42 million
-2.05%
50 Verse VERSE $ 0.0000176
$ 914,493
$ 914,493
+1.09%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
KUB Coin KUB $ 0.540
$ 48.05M
$ 48.05 million
+12.99%
Bitget Token BGB $ 1.67
$ 1.17B
$ 1.17 billion
+1.01%
DODO DODO $ 0.0220
$ 17.09M
$ 17.09 million
+0.90%
MX Token MX $ 1.64
$ 150.27M
$ 150.27 million
+0.57%
Hyperliquid HYPE $ 59.26
$ 17.72B
$ 17.72 billion
+0.47%
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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