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 $ 890.10
$ 121.36B
$ 121.36 billion
-0.06%
2 LEO LEO $ 8.72
$ 8.04B
$ 8.04 billion
-1.22%
3 Hyperliquid HYPE $ 21.35
$ 6.44B
$ 6.44 billion
-2.65%
4 Cronos CRO $ 0.0917
$ 3.65B
$ 3.65 billion
-1.33%
5 Uniswap UNI $ 4.85
$ 3.08B
$ 3.08 billion
-3.17%
6 Bitget Token BGB $ 3.64
$ 2.55B
$ 2.55 billion
+0.01%
7 OKB OKB $ 103.47
$ 2.17B
$ 2.17 billion
-1.46%
8 KuCoin Token KCS $ 10.71
$ 1.42B
$ 1.42 billion
-0.93%
9 GateToken GT $ 9.92
$ 1.14B
$ 1.14 billion
-0.56%
10 PancakeSwap CAKE $ 1.94
$ 649.48M
$ 649.48 million
-0.46%
11 Jupiter JUP $ 0.193
$ 616.58M
$ 616.58 million
-1.94%
12 Curve DAO Token CRV $ 0.359
$ 526.91M
$ 526.91 million
-4.60%
13 Aerodrome AERO $ 0.468
$ 427.46M
$ 427.46 million
-4.53%
14 Sun SUN $ 0.0213
$ 408.60M
$ 408.60 million
+0.75%
15 Raydium RAY $ 1.02
$ 274.97M
$ 274.97 million
-2.90%
16 THORChain RUNE $ 0.591
$ 207.25M
$ 207.25 million
-3.10%
17 MX Token MX $ 1.95
$ 179.23M
$ 179.23 million
-0.39%
18 FTX Token FTT $ 0.487
$ 160.19M
$ 160.19 million
-2.18%
19 KUB Coin KUB $ 1.27
$ 111.90M
$ 111.90 million
+0.56%
20 SUSHI SUSHI $ 0.303
$ 88.65M
$ 88.65 million
-3.42%
21 Loopring LRC $ 0.0492
$ 67.32M
$ 67.32 million
-2.23%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0536
$ 50.83M
$ 50.83 million
-9.56%
23 Gemini dollar GUSD $ 1.00
$ 47.14M
$ 47.14 million
-0.00%
24 Osmosis OSMO $ 0.0529
$ 40.21M
$ 40.21 million
-2.86%
25 Balancer BAL $ 0.502
$ 34.18M
$ 34.18 million
-1.90%
26 THENA THE $ 0.239
$ 30.36M
$ 30.36 million
+3.27%
27 VVS Finance VVS $ 0.0₅183
$ 29.56M
$ 29.56 million
-1.69%
28 Velodrome Finance VELO $ 0.0207
$ 21.87M
$ 21.87 million
-5.91%
29 Cetus CETUS $ 0.0238
$ 21.39M
$ 21.39 million
-3.68%
30 Rujira RUJI $ 0.282
$ 20.98M
$ 20.98 million
-3.79%
31 Maverick Protocol MAV $ 0.0255
$ 18.31M
$ 18.31 million
-2.53%
32 DODO DODO $ 0.0173
$ 13.50M
$ 13.50 million
-3.45%
33 JOE JOE $ 0.0575
$ 12.57M
$ 12.57 million
-3.37%
34 Bluefin BLUE $ 0.0293
$ 11.56M
$ 11.56 million
-2.66%
35 IDEX IDEX $ 0.00940
$ 9.40M
$ 9.40 million
-2.19%
36 Quickswap[New] QUICK $ 0.0120
$ 8.92M
$ 8.92 million
-2.58%
37 Pangolin PNG $ 0.0374
$ 8.39M
$ 8.39 million
-3.00%
38 HTX HTX $ 0.0₅181
$ 3.41M
$ 3.41 million
+2.17%
39 Time TIME $ 3.71
$ 2.63M
$ 2.63 million
-1.24%

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

40 Huobi Token HT $ 0.214
$ 106.85M
$ 106.85 million
+0.52%
41 BitMart Token BMX $ 0.365
$ 69.29M
$ 69.29 million
+0.84%
42 THORSwap THOR $ 0.0692
$ 34.59M
$ 34.59 million
-4.24%
43 THORChain Yield TCY $ 0.152
$ 31.92M
$ 31.92 million
-1.28%
44 Bitrue Coin BTR $ 0.0249
$ 19.92M
$ 19.92 million
-0.10%
45 WazirX WRX $ 0.0471
$ 19.72M
$ 19.72 million
+0.53%
46 Minswap MIN $ 0.00838
$ 14.67M
$ 14.67 million
-0.51%
47 ASD ASD $ 0.0185
$ 13.75M
$ 13.75 million
+2.27%
48 CoinEx Token CET $ 0.0290
$ 5.84M
$ 5.84 million
-1.15%
49 Camelot Token GRAIL $ 127.83
$ 3.10M
$ 3.10 million
-2.37%
50 THORChain (ERC20) RUNE $ 0.591
$ 2.04M
$ 2.04 million
-3.17%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
THENA THE $ 0.239
$ 30.36M
$ 30.36 million
+3.27%
HTX HTX $ 0.0₅181
$ 3.41M
$ 3.41 million
+2.17%
Sun SUN $ 0.0213
$ 408.60M
$ 408.60 million
+0.75%
KUB Coin KUB $ 1.27
$ 111.90M
$ 111.90 million
+0.56%
Bitget Token BGB $ 3.64
$ 2.55B
$ 2.55 billion
+0.01%
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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