Exchange Tokens

144 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 $ 620.33
$ 84.60B
$ 84.60 billion
+2.29%
2 Hyperliquid HYPE $ 43.36
$ 12.97B
$ 12.97 billion
+0.87%
3 Cronos CRO $ 0.0698
$ 2.95B
$ 2.95 billion
+2.07%
4 Uniswap UNI $ 3.15
$ 2.01B
$ 2.01 billion
+0.99%
5 OKB OKB $ 86.09
$ 1.81B
$ 1.81 billion
+3.51%
6 Bitget Token BGB $ 1.91
$ 1.34B
$ 1.34 billion
+0.57%
7 KuCoin Token KCS $ 8.39
$ 1.13B
$ 1.13 billion
-0.63%
8 GateToken GT $ 6.85
$ 788.36M
$ 788.36 million
+2.37%
9 Jupiter JUP $ 0.167
$ 594.57M
$ 594.57 million
+2.05%
10 PancakeSwap CAKE $ 1.61
$ 527.63M
$ 527.63 million
+5.78%
11 Sun SUN $ 0.0180
$ 345.90M
$ 345.90 million
+0.01%
12 Aerodrome AERO $ 0.375
$ 344.65M
$ 344.65 million
+1.99%
13 Curve DAO Token CRV $ 0.216
$ 317.96M
$ 317.96 million
+1.88%
14 Raydium RAY $ 0.652
$ 175.31M
$ 175.31 million
+2.43%
15 MX Token MX $ 1.77
$ 162.71M
$ 162.71 million
+0.03%
16 THORChain RUNE $ 0.406
$ 142.47M
$ 142.47 million
+2.60%
17 FTX Token FTT $ 0.291
$ 95.90M
$ 95.90 million
+1.77%
18 KUB Coin KUB $ 0.853
$ 75.92M
$ 75.92 million
+1.67%
19 SUSHI SUSHI $ 0.195
$ 56.44M
$ 56.44 million
+1.67%
20 Gemini dollar GUSD $ 0.999
$ 35.66M
$ 35.66 million
-0.05%
21 Osmosis OSMO $ 0.0307
$ 23.67M
$ 23.67 million
+2.28%
22 Loopring LRC $ 0.0162
$ 22.22M
$ 22.22 million
+1.55%
23 VVS Finance VVS $ 0.0₅131
$ 21.06M
$ 21.06 million
-9.02%
24 Quickswap[New] QUICK $ 0.0108
$ 20.00M
$ 20.00 million
+7.40%
25 Cetus CETUS $ 0.0199
$ 18.61M
$ 18.61 million
+2.95%
26 Velodrome Finance VELO $ 0.0150
$ 17.11M
$ 17.11 million
-0.66%
27 THENA THE $ 0.102
$ 13.15M
$ 13.15 million
+5.94%
28 DODO DODO $ 0.0164
$ 12.79M
$ 12.79 million
+8.46%
29 Maverick Protocol MAV $ 0.0144
$ 11.54M
$ 11.54 million
+1.54%
30 Balancer BAL $ 0.157
$ 10.69M
$ 10.69 million
+0.95%
31 JOE JOE $ 0.0461
$ 10.10M
$ 10.10 million
+5.26%
32 Bluefin BLUE $ 0.0166
$ 7.42M
$ 7.42 million
+1.84%
33 Pangolin PNG $ 0.0282
$ 6.49M
$ 6.49 million
+1.58%
34 HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
+0.34%
35 IDEX IDEX $ 0.00241
$ 2.41M
$ 2.41 million
+3.25%

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

36 LEO LEO $ 10.13
$ 9.33B
$ 9.33 billion
-0.08%
37 BTSE Token BTSE $ 1.13
$ 182.76M
$ 182.76 million
-0.59%
38 LCX LCX $ 0.125
$ 118.64M
$ 118.64 million
+65.32%
39 BitMart Token BMX $ 0.323
$ 105.35M
$ 105.35 million
+0.48%
40 Huobi Token HT $ 0.172
$ 85.85M
$ 85.85 million
-0.67%
41 THORSwap THOR $ 0.0542
$ 27.10M
$ 27.10 million
+2.90%
42 THORChain Yield TCY $ 0.112
$ 23.50M
$ 23.50 million
+1.04%
43 Rujira RUJI $ 0.169
$ 12.58M
$ 12.58 million
+2.16%
44 Bitrue Coin BTR $ 0.0148
$ 11.85M
$ 11.85 million
-5.95%
45 ASD ASD $ 0.0156
$ 11.56M
$ 11.56 million
+0.84%
46 WazirX WRX $ 0.0267
$ 11.21M
$ 11.21 million
+4.74%
47 Minswap MIN $ 0.00501
$ 8.80M
$ 8.80 million
+1.50%
48 MCDex MCB $ 1.66
$ 7.96M
$ 7.96 million
+0.17%
49 CoinEx Token CET $ 0.0298
$ 5.99M
$ 5.99 million
-0.26%
50 Camelot Token GRAIL $ 70.09
$ 1.74M
$ 1.74 million
+3.04%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
DODO DODO $ 0.0164
$ 12.79M
$ 12.79 million
+8.46%
Quickswap[New] QUICK $ 0.0108
$ 20.00M
$ 20.00 million
+7.40%
THENA THE $ 0.102
$ 13.15M
$ 13.15 million
+5.94%
PancakeSwap CAKE $ 1.61
$ 527.63M
$ 527.63 million
+5.78%
JOE JOE $ 0.0461
$ 10.10M
$ 10.10 million
+5.26%
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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