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 $ 578.23
$ 77.92B
$ 77.92 billion
+0.20%
2 Hyperliquid HYPE $ 71.11
$ 21.20B
$ 21.20 billion
+4.42%
3 Cronos CRO $ 0.0585
$ 2.69B
$ 2.69 billion
+1.06%
4 Uniswap UNI $ 3.02
$ 1.88B
$ 1.88 billion
+1.35%
5 OKB OKB $ 76.47
$ 1.61B
$ 1.61 billion
+5.27%
6 Bitget Token BGB $ 1.77
$ 1.24B
$ 1.24 billion
-1.22%
7 KuCoin Token KCS $ 7.18
$ 966.72M
$ 966.72 million
+1.64%
8 GateToken GT $ 6.62
$ 744.62M
$ 744.62 million
+1.31%
9 Jupiter JUP $ 0.185
$ 613.89M
$ 613.89 million
-1.38%
10 Aerodrome AERO $ 0.485
$ 463.42M
$ 463.42 million
+10.65%
11 PancakeSwap CAKE $ 1.38
$ 445.82M
$ 445.82 million
+4.37%
12 Sun SUN $ 0.0172
$ 330.51M
$ 330.51 million
+1.41%
13 Curve DAO Token CRV $ 0.213
$ 314.68M
$ 314.68 million
-3.60%
14 MX Token MX $ 1.76
$ 161.60M
$ 161.60 million
-0.83%
15 Raydium RAY $ 0.590
$ 158.78M
$ 158.78 million
-0.31%
16 THORChain RUNE $ 0.390
$ 131.82M
$ 131.82 million
-5.15%
17 FTX Token FTT $ 0.263
$ 86.49M
$ 86.49 million
+2.97%
18 KUB Coin KUB $ 0.761
$ 67.79M
$ 67.79 million
+0.30%
19 SUSHI SUSHI $ 0.175
$ 50.52M
$ 50.52 million
-1.03%
20 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
-0.02%
21 Osmosis OSMO $ 0.0472
$ 36.69M
$ 36.69 million
+6.79%
22 Velodrome Finance VELO $ 0.0183
$ 22.37M
$ 22.37 million
+9.33%
23 Loopring LRC $ 0.0134
$ 18.36M
$ 18.36 million
+2.26%
24 Cetus CETUS $ 0.0180
$ 17.04M
$ 17.04 million
-0.35%
25 Quickswap[New] QUICK $ 0.00700
$ 13.01M
$ 13.01 million
+0.14%
26 DODO DODO $ 0.0166
$ 12.92M
$ 12.92 million
+10.13%
27 Maverick Protocol MAV $ 0.0103
$ 8.31M
$ 8.31 million
+1.60%
28 THENA THE $ 0.0618
$ 7.97M
$ 7.97 million
-3.46%
29 Balancer BAL $ 0.0952
$ 6.49M
$ 6.49 million
-1.74%
30 JOE JOE $ 0.0292
$ 6.39M
$ 6.39 million
-1.94%
31 Bluefin BLUE $ 0.0108
$ 5.44M
$ 5.44 million
+0.01%
32 Pangolin PNG $ 0.0209
$ 4.89M
$ 4.89 million
-0.77%
33 HTX HTX $ 0.0₅172
$ 3.24M
$ 3.24 million
+1.33%
34 SAROS SAROS $ 0.000403
$ 889,898
$ 889,898
-3.94%

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

35 LEO LEO $ 9.53
$ 8.77B
$ 8.77 billion
-1.01%
36 BitMart Token BMX $ 0.310
$ 101.21M
$ 101.21 million
+0.08%
37 LCX LCX $ 0.0684
$ 64.96M
$ 64.96 million
-0.58%
38 Huobi Token HT $ 0.0916
$ 45.83M
$ 45.83 million
+1.00%
39 Rujira RUJI $ 0.244
$ 18.17M
$ 18.17 million
-3.16%
40 THORChain Yield TCY $ 0.0839
$ 17.62M
$ 17.62 million
-2.86%
41 VVS Finance VVS $ 0.0₅103
$ 16.63M
$ 16.63 million
+0.97%
42 THORSwap THOR $ 0.0329
$ 16.43M
$ 16.43 million
+16.01%
43 Bitrue Coin BTR $ 0.0122
$ 9.80M
$ 9.80 million
-0.00%
44 WazirX WRX $ 0.0201
$ 8.41M
$ 8.41 million
-0.64%
45 Minswap MIN $ 0.00300
$ 5.19M
$ 5.19 million
+0.83%
46 Time TIME $ 5.28
$ 3.75M
$ 3.75 million
+0.34%
47 CoinEx Token CET $ 0.0186
$ 3.75M
$ 3.75 million
+1.23%
48 ASD ASD $ 0.00478
$ 3.55M
$ 3.55 million
+0.00%
49 LATOKEN LA $ 0.00362
$ 1.45M
$ 1.45 million
+0.00%
50 IDEX IDEX $ 0.00137
$ 1.37M
$ 1.37 million
-8.66%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Aerodrome AERO $ 0.485
$ 463.42M
$ 463.42 million
+10.65%
DODO DODO $ 0.0166
$ 12.92M
$ 12.92 million
+10.13%
Velodrome Finance VELO $ 0.0183
$ 22.37M
$ 22.37 million
+9.33%
Osmosis OSMO $ 0.0472
$ 36.69M
$ 36.69 million
+6.79%
OKB OKB $ 76.47
$ 1.61B
$ 1.61 billion
+5.27%
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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