Exchange Tokens

139 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 $ 847.31
$ 115.52B
$ 115.52 billion
-5.92%
2 Hyperliquid HYPE $ 28.98
$ 8.76B
$ 8.76 billion
-10.48%
3 Cronos CRO $ 0.0857
$ 3.41B
$ 3.41 billion
-4.55%
4 Uniswap UNI $ 4.27
$ 2.71B
$ 2.71 billion
-9.74%
5 Bitget Token BGB $ 3.44
$ 2.41B
$ 2.41 billion
-3.18%
6 OKB OKB $ 100.31
$ 2.11B
$ 2.11 billion
-3.80%
7 KuCoin Token KCS $ 10.22
$ 1.35B
$ 1.35 billion
-4.88%
8 GateToken GT $ 9.46
$ 1.09B
$ 1.09 billion
-3.91%
9 Jupiter JUP $ 0.194
$ 629.67M
$ 629.67 million
-7.58%
10 PancakeSwap CAKE $ 1.70
$ 568.15M
$ 568.15 million
-9.43%
11 Curve DAO Token CRV $ 0.319
$ 468.02M
$ 468.02 million
-5.44%
12 Aerodrome AERO $ 0.414
$ 380.04M
$ 380.04 million
-8.80%
13 Sun SUN $ 0.0188
$ 360.44M
$ 360.44 million
+3.86%
14 Raydium RAY $ 0.908
$ 243.92M
$ 243.92 million
-7.42%
15 THORChain RUNE $ 0.515
$ 180.87M
$ 180.87 million
-6.15%
16 MX Token MX $ 1.92
$ 176.60M
$ 176.60 million
-1.13%
17 FTX Token FTT $ 0.388
$ 127.52M
$ 127.52 million
-2.91%
18 KUB Coin KUB $ 1.19
$ 105.96M
$ 105.96 million
-2.50%
19 SUSHI SUSHI $ 0.271
$ 79.26M
$ 79.26 million
-6.34%
20 Loopring LRC $ 0.0446
$ 60.96M
$ 60.96 million
-4.84%
21 Gemini dollar GUSD $ 1.00
$ 47.15M
$ 47.15 million
+0.02%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0479
$ 45.47M
$ 45.47 million
-6.39%
23 THENA THE $ 0.274
$ 35.16M
$ 35.16 million
+0.11%
24 Osmosis OSMO $ 0.0459
$ 34.97M
$ 34.97 million
-6.17%
25 Balancer BAL $ 0.464
$ 31.73M
$ 31.73 million
-5.35%
26 VVS Finance VVS $ 0.0₅172
$ 27.63M
$ 27.63 million
-4.68%
27 Velodrome Finance VELO $ 0.0181
$ 19.27M
$ 19.27 million
-5.00%
28 Cetus CETUS $ 0.0203
$ 18.21M
$ 18.21 million
-6.61%
29 Maverick Protocol MAV $ 0.0224
$ 16.04M
$ 16.04 million
-7.91%
30 DODO DODO $ 0.0196
$ 15.28M
$ 15.28 million
+1.17%
31 JOE JOE $ 0.0482
$ 10.54M
$ 10.54 million
-7.27%
32 Bluefin BLUE $ 0.0258
$ 10.18M
$ 10.18 million
-8.13%
33 IDEX IDEX $ 0.00848
$ 8.48M
$ 8.48 million
-4.13%
34 Quickswap[New] QUICK $ 0.0102
$ 7.57M
$ 7.57 million
-6.01%
35 Pangolin PNG $ 0.0303
$ 6.98M
$ 6.98 million
-8.27%
36 HTX HTX $ 0.0₅176
$ 3.33M
$ 3.33 million
-0.68%
37 Time TIME $ 3.28
$ 2.33M
$ 2.33 million
-8.52%

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

38 LEO LEO $ 9.22
$ 8.50B
$ 8.50 billion
+0.06%
39 Tokenize Xchange TKX $ 1.60
$ 127.92M
$ 127.92 million
-3.96%
40 Huobi Token HT $ 0.188
$ 94.05M
$ 94.05 million
-5.57%
41 BitMart Token BMX $ 0.359
$ 68.31M
$ 68.31 million
-1.75%
42 THORSwap THOR $ 0.0679
$ 33.97M
$ 33.97 million
-1.54%
43 THORChain Yield TCY $ 0.119
$ 24.96M
$ 24.96 million
-8.56%
44 Rujira RUJI $ 0.253
$ 18.86M
$ 18.86 million
-5.07%
45 Bitrue Coin BTR $ 0.0232
$ 18.56M
$ 18.56 million
-5.87%
46 WazirX WRX $ 0.0440
$ 18.43M
$ 18.43 million
-11.70%
47 Minswap MIN $ 0.00706
$ 12.44M
$ 12.44 million
-6.49%
48 ASD ASD $ 0.0162
$ 12.04M
$ 12.04 million
-3.97%
49 MCDex MCB $ 2.31
$ 11.10M
$ 11.10 million
-1.72%
50 CoinEx Token CET $ 0.0289
$ 5.81M
$ 5.81 million
-0.17%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Sun SUN $ 0.0188
$ 360.44M
$ 360.44 million
+3.86%
DODO DODO $ 0.0196
$ 15.28M
$ 15.28 million
+1.17%
THENA THE $ 0.274
$ 35.16M
$ 35.16 million
+0.11%
Gemini dollar GUSD $ 1.00
$ 47.15M
$ 47.15 million
+0.02%
HTX HTX $ 0.0₅176
$ 3.33M
$ 3.33 million
-0.68%
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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