Exchange Tokens

146 coins #17

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 $ 607.97
$ 81.92B
$ 81.92 billion
+0.26%
2 Hyperliquid HYPE $ 59.53
$ 17.78B
$ 17.78 billion
-3.33%
3 Cronos CRO $ 0.0598
$ 2.68B
$ 2.68 billion
+0.54%
4 Uniswap UNI $ 2.55
$ 1.59B
$ 1.59 billion
+1.06%
5 OKB OKB $ 74.30
$ 1.56B
$ 1.56 billion
+0.95%
6 Bitget Token BGB $ 1.79
$ 1.25B
$ 1.25 billion
+0.66%
7 KuCoin Token KCS $ 6.94
$ 934.03M
$ 934.03 million
+5.58%
8 GateToken GT $ 6.73
$ 758.07M
$ 758.07 million
+2.95%
9 Jupiter JUP $ 0.173
$ 574.45M
$ 574.45 million
+3.75%
10 PancakeSwap CAKE $ 1.34
$ 470.09M
$ 470.09 million
+1.21%
11 Curve DAO Token CRV $ 0.236
$ 348.82M
$ 348.82 million
-0.69%
12 Aerodrome AERO $ 0.365
$ 347.91M
$ 347.91 million
+2.00%
13 Sun SUN $ 0.0169
$ 325.68M
$ 325.68 million
+1.63%
14 Raydium RAY $ 0.610
$ 163.86M
$ 163.86 million
+3.31%
15 MX Token MX $ 1.70
$ 156.38M
$ 156.38 million
+0.74%
16 THORChain RUNE $ 0.389
$ 131.71M
$ 131.71 million
-3.65%
17 FTX Token FTT $ 0.267
$ 87.74M
$ 87.74 million
+0.47%
18 KUB Coin KUB $ 0.773
$ 68.86M
$ 68.86 million
+0.17%
19 SUSHI SUSHI $ 0.175
$ 50.57M
$ 50.57 million
+1.91%
20 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.07%
21 Osmosis OSMO $ 0.0479
$ 37.25M
$ 37.25 million
+2.76%
22 Loopring LRC $ 0.0135
$ 18.46M
$ 18.46 million
+0.43%
23 Cetus CETUS $ 0.0194
$ 18.35M
$ 18.35 million
+7.78%
24 Velodrome Finance VELO $ 0.0141
$ 17.02M
$ 17.02 million
+0.74%
25 Quickswap[New] QUICK $ 0.00781
$ 14.51M
$ 14.51 million
+2.50%
26 DODO DODO $ 0.0151
$ 11.75M
$ 11.75 million
-1.32%
27 THENA THE $ 0.0680
$ 8.78M
$ 8.78 million
-0.63%
28 Maverick Protocol MAV $ 0.0107
$ 8.55M
$ 8.55 million
+1.22%
29 Balancer BAL $ 0.105
$ 7.16M
$ 7.16 million
+0.18%
30 JOE JOE $ 0.0308
$ 6.74M
$ 6.74 million
-1.70%
31 Bluefin BLUE $ 0.0121
$ 6.06M
$ 6.06 million
+7.79%
32 Pangolin PNG $ 0.0229
$ 5.36M
$ 5.36 million
+1.34%
33 HTX HTX $ 0.0₅169
$ 3.19M
$ 3.19 million
+1.31%

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

34 LEO LEO $ 9.54
$ 8.78B
$ 8.78 billion
-0.06%
35 BitMart Token BMX $ 0.291
$ 94.89M
$ 94.89 million
+0.02%
36 LCX LCX $ 0.0693
$ 65.79M
$ 65.79 million
-5.91%
37 Huobi Token HT $ 0.0912
$ 45.60M
$ 45.60 million
-0.49%
38 THORSwap THOR $ 0.0364
$ 18.19M
$ 18.19 million
+0.00%
39 Rujira RUJI $ 0.235
$ 17.47M
$ 17.47 million
-3.06%
40 VVS Finance VVS $ 0.0₅105
$ 16.98M
$ 16.98 million
-0.05%
41 Bitrue Coin BTR $ 0.0126
$ 10.09M
$ 10.09 million
+2.21%
42 WazirX WRX $ 0.0204
$ 8.56M
$ 8.56 million
+2.00%
43 Minswap MIN $ 0.00326
$ 5.65M
$ 5.65 million
+0.48%
44 ASD ASD $ 0.00584
$ 4.34M
$ 4.34 million
-5.96%
45 CoinEx Token CET $ 0.0188
$ 3.77M
$ 3.77 million
+1.44%
46 LATOKEN LA $ 0.00363
$ 1.45M
$ 1.45 million
+0.00%
47 IDEX IDEX $ 0.00142
$ 1.42M
$ 1.42 million
+2.54%
48 THORChain (ERC20) RUNE $ 0.386
$ 1.33M
$ 1.33 million
-4.38%
49 Camelot Token GRAIL $ 48.77
$ 1.24M
$ 1.24 million
-0.80%
50 Verse VERSE $ 0.0000238
$ 1.19M
$ 1.19 million
-0.61%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Bluefin BLUE $ 0.0121
$ 6.06M
$ 6.06 million
+7.79%
Cetus CETUS $ 0.0194
$ 18.35M
$ 18.35 million
+7.78%
KuCoin Token KCS $ 6.94
$ 934.03M
$ 934.03 million
+5.58%
Jupiter JUP $ 0.173
$ 574.45M
$ 574.45 million
+3.75%
Raydium RAY $ 0.610
$ 163.86M
$ 163.86 million
+3.31%
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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