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 $ 613.01
$ 83.22B
$ 83.22 billion
-11.81%
2 Hyperliquid HYPE $ 33.02
$ 9.89B
$ 9.89 billion
-5.77%
3 LEO LEO $ 6.85
$ 6.31B
$ 6.31 billion
-22.67%
4 Cronos CRO $ 0.0715
$ 2.83B
$ 2.83 billion
-10.98%
5 Uniswap UNI $ 3.18
$ 2.01B
$ 2.01 billion
-15.38%
6 Bitget Token BGB $ 2.71
$ 1.90B
$ 1.90 billion
-9.07%
7 OKB OKB $ 71.11
$ 1.49B
$ 1.49 billion
-11.43%
8 KuCoin Token KCS $ 7.95
$ 1.05B
$ 1.05 billion
-8.59%
9 GateToken GT $ 6.50
$ 744.55M
$ 744.55 million
-13.30%
10 Jupiter JUP $ 0.158
$ 508.60M
$ 508.60 million
-16.49%
11 PancakeSwap CAKE $ 1.30
$ 431.22M
$ 431.22 million
-13.65%
12 Curve DAO Token CRV $ 0.233
$ 339.79M
$ 339.79 million
-14.89%
13 Sun SUN $ 0.0163
$ 313.36M
$ 313.36 million
-10.42%
14 Aerodrome AERO $ 0.295
$ 269.64M
$ 269.64 million
-17.20%
15 MX Token MX $ 1.80
$ 165.28M
$ 165.28 million
-5.29%
16 Raydium RAY $ 0.574
$ 153.68M
$ 153.68 million
-10.59%
17 THORChain RUNE $ 0.380
$ 133.00M
$ 133.00 million
-12.71%
18 BitMart Token BMX $ 0.382
$ 124.72M
$ 124.72 million
+0.42%
19 FTX Token FTT $ 0.287
$ 94.46M
$ 94.46 million
-14.51%
20 KUB Coin KUB $ 1.06
$ 94.06M
$ 94.06 million
-6.65%
21 Loopring LRC $ 0.0525
$ 71.85M
$ 71.85 million
+32.95%
22 SUSHI SUSHI $ 0.190
$ 55.10M
$ 55.10 million
-17.68%
23 Gemini dollar GUSD $ 1.00
$ 47.31M
$ 47.31 million
+0.32%
24 Liechtenstein Cryptoassets Exchange LCX $ 0.0441
$ 41.88M
$ 41.88 million
-65.32%
25 THENA THE $ 0.251
$ 31.37M
$ 31.37 million
+16.92%
26 Osmosis OSMO $ 0.0360
$ 27.37M
$ 27.37 million
-10.38%
27 THORSwap THOR $ 0.0533
$ 26.63M
$ 26.63 million
-13.21%
28 VVS Finance VVS $ 0.0₅141
$ 22.76M
$ 22.76 million
-10.79%
29 Velodrome Finance VELO $ 0.0132
$ 14.14M
$ 14.14 million
-14.22%
30 Cetus CETUS $ 0.0152
$ 13.62M
$ 13.62 million
-13.84%
31 Maverick Protocol MAV $ 0.0169
$ 12.13M
$ 12.13 million
-13.23%
32 Balancer BAL $ 0.169
$ 11.47M
$ 11.47 million
-17.44%
33 DODO DODO $ 0.0141
$ 10.97M
$ 10.97 million
-13.46%
34 JOE JOE $ 0.0359
$ 7.85M
$ 7.85 million
-13.61%
35 Bluefin BLUE $ 0.0189
$ 7.44M
$ 7.44 million
-15.45%
36 IDEX IDEX $ 0.00714
$ 7.16M
$ 7.16 million
-4.77%
37 Quickswap[New] QUICK $ 0.00833
$ 6.17M
$ 6.17 million
-6.88%
38 Pangolin PNG $ 0.0228
$ 5.26M
$ 5.26 million
-11.28%
39 HTX HTX $ 0.0₅163
$ 3.08M
$ 3.08 million
-6.86%
40 Time TIME $ 3.29
$ 2.34M
$ 2.34 million
-3.11%

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

41 Tokenize Xchange TKX $ 1.28
$ 102.58M
$ 102.58 million
-6.67%
42 Huobi Token HT $ 0.168
$ 83.80M
$ 83.80 million
-3.01%
43 Bitrue Coin BTR $ 0.0188
$ 15.05M
$ 15.05 million
-12.04%
44 Rujira RUJI $ 0.195
$ 14.52M
$ 14.52 million
-11.17%
45 WazirX WRX $ 0.0330
$ 14.02M
$ 14.02 million
-14.34%
46 THORChain Yield TCY $ 0.0648
$ 13.99M
$ 13.99 million
-26.44%
47 ASD ASD $ 0.0141
$ 10.49M
$ 10.49 million
-7.53%
48 MCDex MCB $ 2.09
$ 10.02M
$ 10.02 million
-1.24%
49 Minswap MIN $ 0.00565
$ 9.95M
$ 9.95 million
-12.24%
50 CoinEx Token CET $ 0.0245
$ 4.92M
$ 4.92 million
-5.51%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Loopring LRC $ 0.0525
$ 71.85M
$ 71.85 million
+32.95%
THENA THE $ 0.251
$ 31.37M
$ 31.37 million
+16.92%
BitMart Token BMX $ 0.382
$ 124.72M
$ 124.72 million
+0.42%
Gemini dollar GUSD $ 1.00
$ 47.31M
$ 47.31 million
+0.32%
Time TIME $ 3.29
$ 2.34M
$ 2.34 million
-3.11%
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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