Exchange Tokens

146 coins #17

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 $ 625.48
$ 84.31B
$ 84.31 billion
+3.41%
2 Hyperliquid HYPE $ 68.09
$ 20.34B
$ 20.34 billion
+13.44%
3 LEO LEO $ 9.77
$ 8.99B
$ 8.99 billion
+0.90%
4 Cronos CRO $ 0.0628
$ 2.82B
$ 2.82 billion
+3.91%
5 Uniswap UNI $ 2.72
$ 1.69B
$ 1.69 billion
+9.47%
6 OKB OKB $ 76.56
$ 1.61B
$ 1.61 billion
+4.09%
7 Bitget Token BGB $ 1.83
$ 1.28B
$ 1.28 billion
+2.52%
8 KuCoin Token KCS $ 7.27
$ 979.40M
$ 979.40 million
+5.25%
9 GateToken GT $ 7.04
$ 793.04M
$ 793.04 million
+5.38%
10 Jupiter JUP $ 0.199
$ 661.55M
$ 661.55 million
+18.18%
11 PancakeSwap CAKE $ 1.42
$ 460.46M
$ 460.46 million
+5.82%
12 Aerodrome AERO $ 0.424
$ 403.43M
$ 403.43 million
+19.97%
13 Curve DAO Token CRV $ 0.239
$ 352.46M
$ 352.46 million
+4.22%
14 Sun SUN $ 0.0171
$ 328.13M
$ 328.13 million
+1.43%
15 Raydium RAY $ 0.653
$ 175.64M
$ 175.64 million
+10.32%
16 MX Token MX $ 1.77
$ 162.36M
$ 162.36 million
+2.87%
17 THORChain RUNE $ 0.398
$ 134.72M
$ 134.72 million
+8.22%
18 BitMart Token BMX $ 0.320
$ 104.26M
$ 104.26 million
+10.23%
19 FTX Token FTT $ 0.275
$ 90.33M
$ 90.33 million
+3.99%
20 KUB Coin KUB $ 0.777
$ 69.18M
$ 69.18 million
+1.83%
21 SUSHI SUSHI $ 0.185
$ 53.40M
$ 53.40 million
+6.39%
22 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
+0.05%
23 Osmosis OSMO $ 0.0471
$ 36.59M
$ 36.59 million
+2.13%
24 Velodrome Finance VELO $ 0.0163
$ 19.79M
$ 19.79 million
+20.96%
25 Loopring LRC $ 0.0138
$ 18.86M
$ 18.86 million
+4.43%
26 Cetus CETUS $ 0.0196
$ 18.58M
$ 18.58 million
+7.69%
27 VVS Finance VVS $ 0.0₅110
$ 17.66M
$ 17.66 million
+2.83%
28 Quickswap[New] QUICK $ 0.00727
$ 13.50M
$ 13.50 million
-8.55%
29 DODO DODO $ 0.0159
$ 12.37M
$ 12.37 million
+4.23%
30 THENA THE $ 0.0712
$ 9.20M
$ 9.20 million
+6.24%
31 Maverick Protocol MAV $ 0.0112
$ 8.99M
$ 8.99 million
+6.99%
32 Balancer BAL $ 0.110
$ 7.52M
$ 7.52 million
+4.07%
33 JOE JOE $ 0.0330
$ 7.21M
$ 7.21 million
+7.62%
34 Bluefin BLUE $ 0.0121
$ 6.04M
$ 6.04 million
+1.49%
35 Pangolin PNG $ 0.0234
$ 5.49M
$ 5.49 million
+3.62%
36 HTX HTX $ 0.0₅171
$ 3.22M
$ 3.22 million
+1.38%

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

37 BTSE Token BTSE $ 1.13
$ 182.80M
$ 182.80 million
+2.25%
38 LCX LCX $ 0.0687
$ 65.19M
$ 65.19 million
+2.84%
39 Huobi Token HT $ 0.0956
$ 47.81M
$ 47.81 million
+8.12%
40 Rujira RUJI $ 0.248
$ 18.48M
$ 18.48 million
+5.43%
41 THORSwap THOR $ 0.0364
$ 18.19M
$ 18.19 million
+0.00%
42 MCDex MCB $ 2.18
$ 10.49M
$ 10.49 million
+3.39%
43 Bitrue Coin BTR $ 0.0129
$ 10.32M
$ 10.32 million
+5.50%
44 WazirX WRX $ 0.0211
$ 8.87M
$ 8.87 million
+7.63%
45 Minswap MIN $ 0.00357
$ 6.19M
$ 6.19 million
+9.83%
46 ASD ASD $ 0.00579
$ 4.30M
$ 4.30 million
-3.34%
47 CoinEx Token CET $ 0.0188
$ 3.78M
$ 3.78 million
+1.21%
48 Time TIME $ 5.07
$ 3.60M
$ 3.60 million
+0.99%
49 IDEX IDEX $ 0.00151
$ 1.51M
$ 1.51 million
+8.98%
50 THORChain (ERC20) RUNE $ 0.396
$ 1.37M
$ 1.37 million
+7.57%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Velodrome Finance VELO $ 0.0163
$ 19.79M
$ 19.79 million
+20.96%
Aerodrome AERO $ 0.424
$ 403.43M
$ 403.43 million
+19.97%
Jupiter JUP $ 0.199
$ 661.55M
$ 661.55 million
+18.18%
Hyperliquid HYPE $ 68.09
$ 20.34B
$ 20.34 billion
+13.44%
Raydium RAY $ 0.653
$ 175.64M
$ 175.64 million
+10.32%
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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