Exchange Tokens

140 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 $ 607.51
$ 82.85B
$ 82.85 billion
+0.42%
2 Hyperliquid HYPE $ 29.04
$ 8.71B
$ 8.71 billion
+1.48%
3 LEO LEO $ 8.68
$ 7.99B
$ 7.99 billion
+1.75%
4 Cronos CRO $ 0.0785
$ 3.22B
$ 3.22 billion
+0.36%
5 Uniswap UNI $ 3.39
$ 2.15B
$ 2.15 billion
-0.48%
6 OKB OKB $ 80.30
$ 1.69B
$ 1.69 billion
+3.52%
7 Bitget Token BGB $ 2.33
$ 1.63B
$ 1.63 billion
-0.09%
8 KuCoin Token KCS $ 8.35
$ 1.10B
$ 1.10 billion
+1.59%
9 GateToken GT $ 7.07
$ 814.26M
$ 814.26 million
-0.24%
10 Jupiter JUP $ 0.151
$ 489.04M
$ 489.04 million
-0.76%
11 PancakeSwap CAKE $ 1.25
$ 415.03M
$ 415.03 million
-1.44%
12 Curve DAO Token CRV $ 0.240
$ 351.57M
$ 351.57 million
-1.84%
13 Sun SUN $ 0.0173
$ 332.43M
$ 332.43 million
+0.31%
14 Aerodrome AERO $ 0.312
$ 287.64M
$ 287.64 million
+2.44%
15 Raydium RAY $ 0.638
$ 171.70M
$ 171.70 million
+1.78%
16 MX Token MX $ 1.80
$ 165.30M
$ 165.30 million
+0.06%
17 THORChain RUNE $ 0.396
$ 139.01M
$ 139.01 million
-0.33%
18 FTX Token FTT $ 0.348
$ 114.36M
$ 114.36 million
-4.99%
19 KUB Coin KUB $ 1.03
$ 91.28M
$ 91.28 million
+0.14%
20 SUSHI SUSHI $ 0.200
$ 58.45M
$ 58.45 million
-2.04%
21 Gemini dollar GUSD $ 1.00
$ 47.11M
$ 47.11 million
-0.03%
22 Loopring LRC $ 0.0324
$ 44.36M
$ 44.36 million
-1.20%
23 THENA THE $ 0.266
$ 33.35M
$ 33.35 million
+0.62%
24 Osmosis OSMO $ 0.0363
$ 27.69M
$ 27.69 million
-1.85%
25 VVS Finance VVS $ 0.0₅154
$ 24.70M
$ 24.70 million
+0.70%
26 Velodrome Finance VELO $ 0.0141
$ 15.34M
$ 15.34 million
+1.63%
27 Cetus CETUS $ 0.0165
$ 15.02M
$ 15.02 million
-0.10%
28 DODO DODO $ 0.0150
$ 11.72M
$ 11.72 million
-0.29%
29 Maverick Protocol MAV $ 0.0158
$ 11.35M
$ 11.35 million
-3.35%
30 Balancer BAL $ 0.150
$ 10.20M
$ 10.20 million
+1.49%
31 Bluefin BLUE $ 0.0200
$ 7.89M
$ 7.89 million
-5.62%
32 JOE JOE $ 0.0353
$ 7.72M
$ 7.72 million
-1.55%
33 Quickswap[New] QUICK $ 0.00927
$ 6.88M
$ 6.88 million
-0.84%
34 IDEX IDEX $ 0.00674
$ 6.74M
$ 6.74 million
+1.11%
35 Pangolin PNG $ 0.0259
$ 5.96M
$ 5.96 million
+0.25%
36 HTX HTX $ 0.0₅170
$ 3.20M
$ 3.20 million
+0.25%
37 Time TIME $ 3.10
$ 2.20M
$ 2.20 million
-2.60%

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

38 Huobi Token HT $ 0.255
$ 124.20M
$ 124.20 million
-0.64%
39 BitMart Token BMX $ 0.366
$ 119.36M
$ 119.36 million
-0.98%
40 LCX LCX $ 0.0469
$ 44.52M
$ 44.52 million
-2.39%
41 THORSwap THOR $ 0.0548
$ 27.38M
$ 27.38 million
+0.14%
42 Rujira RUJI $ 0.230
$ 17.11M
$ 17.11 million
+0.12%
43 WazirX WRX $ 0.0403
$ 16.89M
$ 16.89 million
+0.57%
44 THORChain Yield TCY $ 0.0733
$ 15.40M
$ 15.40 million
+10.48%
45 Bitrue Coin BTR $ 0.0186
$ 14.89M
$ 14.89 million
+0.80%
46 ASD ASD $ 0.0173
$ 12.88M
$ 12.88 million
+0.81%
47 Minswap MIN $ 0.00582
$ 10.20M
$ 10.20 million
-0.24%
48 CoinEx Token CET $ 0.0273
$ 5.50M
$ 5.50 million
+0.88%
49 LATOKEN LA $ 0.00497
$ 1.99M
$ 1.99 million
-0.20%
50 Camelot Token GRAIL $ 79.51
$ 1.92M
$ 1.92 million
+3.60%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
OKB OKB $ 80.30
$ 1.69B
$ 1.69 billion
+3.52%
Aerodrome AERO $ 0.312
$ 287.64M
$ 287.64 million
+2.44%
Raydium RAY $ 0.638
$ 171.70M
$ 171.70 million
+1.78%
LEO LEO $ 8.68
$ 7.99B
$ 7.99 billion
+1.75%
Velodrome Finance VELO $ 0.0141
$ 15.34M
$ 15.34 million
+1.63%
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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