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Exchange Tokens

146 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
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1 BNB BNB $774.83
$103.18B
$103.18 billion
+0.24%
2 Hyperliquid HYPE $91.93
$27.46B
$27.46 billion
-0.73%
3 WhiteBIT Coin WBT $83.92
$10.20B
$10.20 billion
-0.68%
4 LEO LEO $8.84
$8.14B
$8.14 billion
-1.12%
5 Uniswap UNI $9.13
$5.67B
$5.67 billion
-1.52%
6 Cronos CRO $0.0647
$3.22B
$3.22 billion
+3.94%
7 OKB OKB $119.78
$2.52B
$2.52 billion
-0.02%
8 HTX HTX $0.0₅172
$1.55B
$1.55 billion
+0.15%
9 Bitget Token BGB $1.97
$1.38B
$1.38 billion
-3.11%
10 GateToken GT $10.82
$1.15B
$1.15 billion
-0.06%
11 Jupiter JUP $0.308
$1.02B
$1.02 billion
+7.28%
12 KuCoin Token KCS $7.34
$1.01B
$1.01 billion
+1.28%
13 PancakeSwap CAKE $2.74
$875.21M
$875.21 million
+4.39%
14 Aerodrome AERO $0.715
$712.67M
$712.67 million
+5.28%
15 Raydium RAY $2.03
$547.74M
$547.74 million
-3.23%
16 Curve DAO Token CRV $0.342
$534.95M
$534.95 million
+1.53%
17 Sun SUN $0.0172
$330.95M
$330.95 million
+0.03%
18 THORChain RUNE $0.638
$209.64M
$209.64 million
+1.16%
19 MX Token MX $1.84
$168.54M
$168.54 million
-2.46%
20 FTX Token FTT $0.262
$86.13M
$86.13 million
+2.31%
21 SUSHI SUSHI $0.255
$74.69M
$74.69 million
+1.38%
22 KUB Coin KUB $0.616
$54.85M
$54.85 million
+0.01%
23 Velodrome Finance VELO $0.0307
$40.83M
$40.83 million
+5.16%
24 Gemini dollar GUSD $1.000
$30.22M
$30.22 million
-0.03%
25 Osmosis OSMO $0.0376
$29.67M
$29.67 million
+5.00%
26 Cetus CETUS $0.0281
$27.12M
$27.12 million
+4.23%
27 Quickswap[New] QUICK $0.00966
$18.15M
$18.15 million
+3.37%
28 DODO DODO $0.0183
$14.18M
$14.18 million
+0.19%
29 Loopring LRC $0.00963
$13.18M
$13.18 million
+2.43%
30 THENA THE $0.0854
$12.43M
$12.43 million
+7.33%
31 Maverick Protocol MAV $0.0118
$12.39M
$12.39 million
+3.53%
32 Balancer BAL $0.120
$8.40M
$8.40 million
+0.38%
33 JOE JOE $0.0371
$8.11M
$8.11 million
+5.12%
34 LCX LCX $0.0334
$8.08M
$8.08 million
+4.78%
35 Pangolin PNG $0.0278
$6.61M
$6.61 million
+2.12%
36 Minswap MIN $0.00377
$6.48M
$6.48 million
+1.41%
37 Bluefin BLUE $0.0106
$6.40M
$6.40 million
-0.02%
38 SAROS SAROS $0.000222
$792,244
$792,244
-1.63%

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

39 Huobi Token HT $0.157
$78.66M
$78.66 million
+1.90%
40 THORChain Yield TCY $0.178
$37.45M
$37.45 million
+3.62%
41 MaiCoin MAX $0.259
$17.85M
$17.85 million
+0.39%
42 THORSwap THOR $0.0346
$17.31M
$17.31 million
-9.95%
43 VVS Finance VVS $0.0₅106
$17.02M
$17.02 million
+3.57%
44 Rujira RUJI $0.228
$16.97M
$16.97 million
+1.44%
45 Bitrue Coin BTR $0.0148
$11.88M
$11.88 million
+2.51%
46 WazirX WRX $0.0262
$10.99M
$10.99 million
+16.49%
47 MCDex MCB $2.17
$10.44M
$10.44 million
-0.00%
48 THORChain (ERC20) RUNE $0.633
$2.19M
$2.19 million
+0.91%
49 Time TIME $1.95
$1.38M
$1.38 million
+0.70%
50 CoinEx Token CET $0.00500
$1.01M
$1.01 million
-0.02%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
THENA THE $0.0854
$12.43M
$12.43 million
+7.33%
Jupiter JUP $0.308
$1.02B
$1.02 billion
+7.26%
Aerodrome AERO $0.715
$712.73M
$712.73 million
+5.29%
Velodrome Finance VELO $0.0307
$40.83M
$40.83 million
+5.16%
JOE JOE $0.0371
$8.11M
$8.11 million
+5.12%
All Gainers

Market Cap

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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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