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 $ 574.80
$ 77.47B
$ 77.47 billion
+0.81%
2 Hyperliquid HYPE $ 67.44
$ 20.16B
$ 20.16 billion
+0.46%
3 LEO LEO $ 9.46
$ 8.71B
$ 8.71 billion
-1.16%
4 Cronos CRO $ 0.0559
$ 2.57B
$ 2.57 billion
-0.38%
5 Uniswap UNI $ 3.49
$ 2.17B
$ 2.17 billion
+2.06%
6 OKB OKB $ 80.52
$ 1.69B
$ 1.69 billion
+0.15%
7 Bitget Token BGB $ 1.67
$ 1.17B
$ 1.17 billion
+1.33%
8 KuCoin Token KCS $ 7.01
$ 962.00M
$ 962.00 million
+3.15%
9 GateToken GT $ 6.76
$ 743.49M
$ 743.49 million
+0.30%
10 Jupiter JUP $ 0.203
$ 674.01M
$ 674.01 million
-3.13%
11 Aerodrome AERO $ 0.517
$ 498.37M
$ 498.37 million
-0.29%
12 PancakeSwap CAKE $ 1.41
$ 454.35M
$ 454.35 million
+2.90%
13 Sun SUN $ 0.0185
$ 355.70M
$ 355.70 million
-0.67%
14 Curve DAO Token CRV $ 0.206
$ 316.30M
$ 316.30 million
+1.62%
15 Raydium RAY $ 0.692
$ 186.49M
$ 186.49 million
+1.96%
16 MX Token MX $ 1.65
$ 151.55M
$ 151.55 million
-0.01%
17 THORChain RUNE $ 0.401
$ 135.82M
$ 135.82 million
+1.67%
18 FTX Token FTT $ 0.226
$ 74.19M
$ 74.19 million
+0.58%
19 KUB Coin KUB $ 0.721
$ 64.13M
$ 64.13 million
+0.52%
20 SUSHI SUSHI $ 0.164
$ 48.11M
$ 48.11 million
+3.32%
21 Gemini dollar GUSD $ 1.00
$ 29.90M
$ 29.90 million
-0.08%
22 Osmosis OSMO $ 0.0360
$ 28.11M
$ 28.11 million
+2.48%
23 Velodrome Finance VELO $ 0.0214
$ 26.59M
$ 26.59 million
-1.31%
24 Cetus CETUS $ 0.0182
$ 17.36M
$ 17.36 million
+1.60%
25 Loopring LRC $ 0.0111
$ 15.22M
$ 15.22 million
-2.60%
26 Quickswap[New] QUICK $ 0.00764
$ 14.58M
$ 14.58 million
+1.34%
27 DODO DODO $ 0.0158
$ 12.23M
$ 12.23 million
+2.83%
28 Maverick Protocol MAV $ 0.00967
$ 8.30M
$ 8.30 million
+4.01%
29 THENA THE $ 0.0568
$ 8.00M
$ 8.00 million
-5.92%
30 Balancer BAL $ 0.0942
$ 6.53M
$ 6.53 million
+0.31%
31 JOE JOE $ 0.0287
$ 6.28M
$ 6.28 million
+1.08%
32 Pangolin PNG $ 0.0219
$ 5.16M
$ 5.16 million
+0.16%
33 Bluefin BLUE $ 0.00919
$ 4.83M
$ 4.83 million
-6.43%
34 HTX HTX $ 0.0₅185
$ 3.86M
$ 3.86 million
-0.75%
35 IDEX IDEX $ 0.00118
$ 1.18M
$ 1.18 million
+3.02%
36 SAROS SAROS $ 0.000442
$ 1.15M
$ 1.15 million
+3.09%

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

37 BTSE Token BTSE $ 1.02
$ 164.88M
$ 164.88 million
+4.01%
38 BitMart Token BMX $ 0.311
$ 101.40M
$ 101.40 million
-1.71%
39 LCX LCX $ 0.0220
$ 20.24M
$ 20.24 million
-65.16%
40 Huobi Token HT $ 0.0398
$ 19.89M
$ 19.89 million
-4.76%
41 THORChain Yield TCY $ 0.0922
$ 19.37M
$ 19.37 million
+4.94%
42 THORSwap THOR $ 0.0324
$ 16.21M
$ 16.21 million
-5.81%
43 VVS Finance VVS $ 0.0₆972
$ 15.66M
$ 15.66 million
-0.32%
44 Rujira RUJI $ 0.200
$ 14.91M
$ 14.91 million
+1.68%
45 MCDex MCB $ 1.87
$ 8.98M
$ 8.98 million
+0.01%
46 WazirX WRX $ 0.0198
$ 8.31M
$ 8.31 million
+6.21%
47 Bitrue Coin BTR $ 0.00949
$ 7.61M
$ 7.61 million
-2.59%
48 Time TIME $ 7.51
$ 5.33M
$ 5.33 million
+32.45%
49 Minswap MIN $ 0.00307
$ 5.30M
$ 5.30 million
-1.38%
50 CoinEx Token CET $ 0.0129
$ 2.59M
$ 2.59 million
+0.14%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Maverick Protocol MAV $ 0.00967
$ 8.30M
$ 8.30 million
+4.01%
SUSHI SUSHI $ 0.164
$ 48.11M
$ 48.11 million
+3.32%
KuCoin Token KCS $ 7.01
$ 962.00M
$ 962.00 million
+3.15%
SAROS SAROS $ 0.000442
$ 1.15M
$ 1.15 million
+3.09%
IDEX IDEX $ 0.00118
$ 1.18M
$ 1.18 million
+3.02%
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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