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 $ 596.60
$ 80.41B
$ 80.41 billion
+1.14%
2 Hyperliquid HYPE $ 69.25
$ 20.66B
$ 20.66 billion
+2.08%
3 LEO LEO $ 9.56
$ 8.80B
$ 8.80 billion
-0.24%
4 Cronos CRO $ 0.0592
$ 2.72B
$ 2.72 billion
+0.24%
5 Uniswap UNI $ 3.05
$ 1.89B
$ 1.89 billion
+0.66%
6 OKB OKB $ 81.68
$ 1.71B
$ 1.71 billion
+6.95%
7 Bitget Token BGB $ 1.77
$ 1.24B
$ 1.24 billion
+0.35%
8 KuCoin Token KCS $ 7.26
$ 977.12M
$ 977.12 million
-0.51%
9 GateToken GT $ 6.78
$ 763.95M
$ 763.95 million
+1.26%
10 Jupiter JUP $ 0.209
$ 692.87M
$ 692.87 million
-5.04%
11 PancakeSwap CAKE $ 1.38
$ 527.03M
$ 527.03 million
-0.22%
12 Aerodrome AERO $ 0.545
$ 520.48M
$ 520.48 million
+2.56%
13 Sun SUN $ 0.0175
$ 335.75M
$ 335.75 million
+1.21%
14 Curve DAO Token CRV $ 0.211
$ 311.63M
$ 311.63 million
+0.10%
15 Raydium RAY $ 0.630
$ 169.59M
$ 169.59 million
-1.38%
16 MX Token MX $ 1.73
$ 159.44M
$ 159.44 million
-0.79%
17 THORChain RUNE $ 0.404
$ 136.69M
$ 136.69 million
-4.16%
18 BitMart Token BMX $ 0.320
$ 104.37M
$ 104.37 million
+2.28%
19 FTX Token FTT $ 0.246
$ 81.04M
$ 81.04 million
-0.03%
20 KUB Coin KUB $ 0.746
$ 66.36M
$ 66.36 million
-0.88%
21 SUSHI SUSHI $ 0.176
$ 50.86M
$ 50.86 million
-1.51%
22 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.01%
23 Osmosis OSMO $ 0.0427
$ 33.21M
$ 33.21 million
-3.42%
24 Velodrome Finance VELO $ 0.0212
$ 25.80M
$ 25.80 million
+2.38%
25 Loopring LRC $ 0.0134
$ 18.34M
$ 18.34 million
-0.59%
26 Cetus CETUS $ 0.0187
$ 17.77M
$ 17.77 million
+2.98%
27 Quickswap[New] QUICK $ 0.00705
$ 13.09M
$ 13.09 million
-3.24%
28 DODO DODO $ 0.0163
$ 12.67M
$ 12.67 million
+0.03%
29 THENA THE $ 0.0680
$ 8.77M
$ 8.77 million
+1.42%
30 Maverick Protocol MAV $ 0.0104
$ 8.35M
$ 8.35 million
-2.05%
31 JOE JOE $ 0.0317
$ 6.95M
$ 6.95 million
-0.97%
32 Balancer BAL $ 0.0964
$ 6.57M
$ 6.57 million
-0.00%
33 Bluefin BLUE $ 0.0116
$ 6.15M
$ 6.15 million
-3.21%
34 Minswap MIN $ 0.00302
$ 5.23M
$ 5.23 million
+1.87%
35 Pangolin PNG $ 0.0210
$ 4.92M
$ 4.92 million
-2.37%
36 HTX HTX $ 0.0₅175
$ 3.30M
$ 3.30 million
+1.24%
37 SAROS SAROS $ 0.000402
$ 1.03M
$ 1.03 million
-0.41%

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

38 BTSE Token BTSE $ 0.939
$ 152.12M
$ 152.12 million
-3.76%
39 LCX LCX $ 0.0641
$ 60.83M
$ 60.83 million
-3.91%
40 Huobi Token HT $ 0.0839
$ 41.96M
$ 41.96 million
-6.38%
41 Rujira RUJI $ 0.245
$ 18.27M
$ 18.27 million
-3.44%
42 THORChain Yield TCY $ 0.0858
$ 18.02M
$ 18.02 million
-1.69%
43 VVS Finance VVS $ 0.0₅104
$ 16.70M
$ 16.70 million
+0.43%
44 THORSwap THOR $ 0.0332
$ 16.60M
$ 16.60 million
+7.26%
45 Bitrue Coin BTR $ 0.0122
$ 9.74M
$ 9.74 million
+0.76%
46 WazirX WRX $ 0.0195
$ 8.17M
$ 8.17 million
-3.66%
47 Time TIME $ 6.00
$ 4.26M
$ 4.26 million
-0.70%
48 CoinEx Token CET $ 0.0185
$ 3.72M
$ 3.72 million
-0.61%
49 ASD ASD $ 0.00498
$ 3.70M
$ 3.70 million
+2.05%
50 LATOKEN LA $ 0.00360
$ 1.44M
$ 1.44 million
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
OKB OKB $ 81.68
$ 1.71B
$ 1.71 billion
+6.95%
Cetus CETUS $ 0.0187
$ 17.77M
$ 17.77 million
+2.98%
Aerodrome AERO $ 0.545
$ 520.48M
$ 520.48 million
+2.56%
Velodrome Finance VELO $ 0.0212
$ 25.80M
$ 25.80 million
+2.38%
BitMart Token BMX $ 0.320
$ 104.37M
$ 104.37 million
+2.28%
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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