Coinranking
Exchange Tokens
140 coins #17| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 1 |  BNB BNB | $ | +0.56%  | |
| | 2 |  WhiteBIT Coin WBT | $ | -0.48%  | |
| | 3 |  Hyperliquid HYPE | $ | +1.41%  | |
| | 4 |  LEO LEO | $ | -0.98%  | |
| | 5 |  Cronos CRO | $ | +0.61%  | |
| | 6 |  Uniswap UNI | $ | +1.71%  | |
| | 7 |  Bitget Token BGB | $ | +0.98%  | |
| | 8 |  OKB OKB | $ | +2.56%  | |
| | 9 |  KuCoin Token KCS | $ | +2.43%  | |
| | 10 |  GateToken GT | $ | +1.21%  | |
| | 11 |  PancakeSwap CAKE | $ | -2.73%  | |
| | 12 |  Jupiter JUP | $ | +2.41%  | |
| | 13 |  Curve DAO Token CRV | $ | +0.92%  | |
| | 14 |  Aerodrome AERO | $ | -1.78%  | |
| | 15 |  Sun SUN | $ | +1.13%  | |
| | 16 |  Raydium RAY | $ | +3.14%  | |
| | 17 |  THORChain RUNE | $ | +1.28%  | |
| | 18 |  MX Token MX | $ | +1.03%  | |
| | 19 |  FTX Token FTT | $ | +0.11%  | |
| | 20 |  KUB Coin KUB | $ | +2.07%  | |
| | 21 |  SUSHI SUSHI | $ | +0.91%  | |
| | 22 |  Loopring LRC | $ | -2.92%  | |
| | 23 |  Liechtenstein Cryptoassets Exchange LCX | $ | -5.61%  | |
| | 24 |  Gemini dollar GUSD | $ | +0.01%  | |
| | 25 |  Osmosis OSMO | $ | -4.24%  | |
| | 26 |  Balancer BAL | $ | +1.13%  | |
| | 27 |  Velodrome Finance VELO | $ | -1.40%  | |
| | 28 |  THENA THE | $ | +0.39%  | |
| | 29 |  Rujira RUJI | $ | +0.80%  | |
| | 30 |  Maverick Protocol MAV | $ | -3.42%  | |
| | 31 |  DODO DODO | $ | -0.50%  | |
| | 32 |  Minswap MIN | $ | -0.94%  | |
| | 33 |  JOE JOE | $ | +1.52%  | |
| | 34 |  IDEX IDEX | $ | -0.90%  | |
| | 35 |  Bluefin BLUE | $ | -1.93%  | |
| | 36 |  Pangolin PNG | $ | -0.56%  | |
| | 37 |  Cetus CETUS | $ | +0.31%  | |
| | 38 |  Quickswap[New] QUICK | $ | +0.27%  | |
| | 39 |  Time TIME | $ | -2.02%  | |
| | 40 |  HTX HTX | $ | +0.55%  | |
| The coins below are ranked lower due to missing data. Learn more | |||||
| | 41 |  Tokenize Xchange TKX | $ | +0.30%  | |
| | 42 |  Huobi Token HT | $ | -0.58%  | |
| | 43 |  BitMart Token BMX | $ | -0.02%  | |
| | 44 |  THORSwap THOR | $ | -12.63%  | |
| | 45 |  VVS Finance VVS | $ | +0.91%  | |
| | 46 |  THORChain Yield TCY | $ | +5.33%  | |
| | 47 |  Bitrue Coin BTR | $ | +0.23%  | |
| | 48 |  ASD ASD | $ | +15.97%  | |
| | 49 |  CoinEx Token CET | $ | +0.83%  | |
| | 50 |  Quidax Token QDX | $ | -33.15%  | |
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Trending Exchange Tokens
| Coins | Price | 24h | |
|---|---|---|---|
| | Bitget Token BGB | $ | +0.98% |
| | Hyperliquid HYPE | $ | +1.41% |
| | Jupiter JUP | $ | +2.41% |
| | Cronos CRO | $ | +0.61% |
| | BNB BNB | $ | +0.56% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | Raydium RAY | $ | +3.14% | ||
| | OKB OKB | $ | +2.56% | ||
| | KuCoin Token KCS | $ | +2.43% | ||
| | Jupiter JUP | $ | +2.41% | ||
| | KUB Coin KUB | $ | +2.07% | ||
| 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
- Exchange mints token → sells or airdrops to early users.
- Traders opt-in to pay fees in the token → receive 10-25 % discount.
- Quarterly burn – platform uses part of profits to buy & burn tokens, reducing float.
- Staking tiers – lock X tokens for higher APY, lower futures fees, or launchpad allocation weight.
- 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.