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 $ 607.74
$ 81.91B
$ 81.91 billion
-2.33%
2 Hyperliquid HYPE $ 72.93
$ 21.78B
$ 21.78 billion
+7.17%
3 Cronos CRO $ 0.0604
$ 2.71B
$ 2.71 billion
-3.89%
4 Uniswap UNI $ 3.23
$ 2.01B
$ 2.01 billion
+19.62%
5 OKB OKB $ 76.11
$ 1.60B
$ 1.60 billion
-0.13%
6 Bitget Token BGB $ 1.83
$ 1.28B
$ 1.28 billion
-0.21%
7 KuCoin Token KCS $ 7.21
$ 970.42M
$ 970.42 million
-0.49%
8 GateToken GT $ 6.86
$ 772.72M
$ 772.72 million
-2.21%
9 Jupiter JUP $ 0.192
$ 638.96M
$ 638.96 million
-2.70%
10 Aerodrome AERO $ 0.492
$ 468.09M
$ 468.09 million
+13.24%
11 PancakeSwap CAKE $ 1.41
$ 456.76M
$ 456.76 million
+0.04%
12 Curve DAO Token CRV $ 0.241
$ 355.28M
$ 355.28 million
+0.80%
13 Sun SUN $ 0.0169
$ 324.77M
$ 324.77 million
-1.29%
14 Raydium RAY $ 0.624
$ 167.85M
$ 167.85 million
-4.29%
15 MX Token MX $ 1.78
$ 163.60M
$ 163.60 million
+0.71%
16 THORChain RUNE $ 0.414
$ 140.24M
$ 140.24 million
+4.84%
17 FTX Token FTT $ 0.273
$ 89.89M
$ 89.89 million
-0.31%
18 KUB Coin KUB $ 0.775
$ 68.99M
$ 68.99 million
-0.69%
19 SUSHI SUSHI $ 0.193
$ 55.74M
$ 55.74 million
+5.10%
20 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.06%
21 Osmosis OSMO $ 0.0458
$ 35.64M
$ 35.64 million
-2.48%
22 Velodrome Finance VELO $ 0.0188
$ 22.76M
$ 22.76 million
+15.36%
23 Loopring LRC $ 0.0138
$ 18.95M
$ 18.95 million
+0.01%
24 Cetus CETUS $ 0.0195
$ 18.51M
$ 18.51 million
+0.28%
25 VVS Finance VVS $ 0.0₅105
$ 16.95M
$ 16.95 million
-3.97%
26 Quickswap[New] QUICK $ 0.00705
$ 13.10M
$ 13.10 million
-1.60%
27 DODO DODO $ 0.0163
$ 12.66M
$ 12.66 million
+3.21%
28 THENA THE $ 0.0692
$ 8.93M
$ 8.93 million
-2.52%
29 Maverick Protocol MAV $ 0.0109
$ 8.75M
$ 8.75 million
-1.55%
30 Balancer BAL $ 0.108
$ 7.34M
$ 7.34 million
-2.33%
31 JOE JOE $ 0.0320
$ 7.00M
$ 7.00 million
-2.37%
32 Bluefin BLUE $ 0.0118
$ 5.84M
$ 5.84 million
-2.62%
33 Pangolin PNG $ 0.0228
$ 5.33M
$ 5.33 million
-2.88%
34 HTX HTX $ 0.0₅169
$ 3.18M
$ 3.18 million
-1.30%
35 SAROS SAROS $ 0.000419
$ 929,589
$ 929,589
-2.67%

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

36 LEO LEO $ 9.71
$ 8.93B
$ 8.93 billion
-0.71%
37 BTSE Token BTSE $ 1.13
$ 182.48M
$ 182.48 million
-0.18%
38 BitMart Token BMX $ 0.310
$ 101.04M
$ 101.04 million
-3.15%
39 LCX LCX $ 0.0688
$ 65.32M
$ 65.32 million
+6.48%
40 Huobi Token HT $ 0.0959
$ 47.95M
$ 47.95 million
+2.47%
41 Rujira RUJI $ 0.245
$ 18.28M
$ 18.28 million
-1.58%
42 THORSwap THOR $ 0.0364
$ 18.19M
$ 18.19 million
+0.00%
43 Bitrue Coin BTR $ 0.0129
$ 10.35M
$ 10.35 million
+0.20%
44 WazirX WRX $ 0.0201
$ 8.41M
$ 8.41 million
-1.23%
45 Minswap MIN $ 0.00328
$ 5.68M
$ 5.68 million
-7.13%
46 Time TIME $ 5.93
$ 4.21M
$ 4.21 million
+13.11%
47 ASD ASD $ 0.00518
$ 3.85M
$ 3.85 million
-10.54%
48 CoinEx Token CET $ 0.0186
$ 3.74M
$ 3.74 million
-0.79%
49 IDEX IDEX $ 0.00148
$ 1.48M
$ 1.48 million
-2.28%
50 THORChain (ERC20) RUNE $ 0.414
$ 1.43M
$ 1.43 million
+5.32%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Uniswap UNI $ 3.23
$ 2.01B
$ 2.01 billion
+19.62%
Velodrome Finance VELO $ 0.0188
$ 22.76M
$ 22.76 million
+15.36%
Aerodrome AERO $ 0.492
$ 468.09M
$ 468.09 million
+13.24%
Hyperliquid HYPE $ 72.93
$ 21.78B
$ 21.78 billion
+7.17%
SUSHI SUSHI $ 0.193
$ 55.74M
$ 55.74 million
+5.10%
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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