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 $ 609.03
$ 81.10B
$ 81.10 billion
-0.97%
2 Hyperliquid HYPE $ 57.17
$ 17.10B
$ 17.10 billion
+2.31%
3 LEO LEO $ 9.41
$ 8.65B
$ 8.65 billion
+3.13%
4 Cronos CRO $ 0.0469
$ 2.22B
$ 2.22 billion
-0.22%
5 Uniswap UNI $ 3.51
$ 2.19B
$ 2.19 billion
-0.81%
6 OKB OKB $ 102.04
$ 2.14B
$ 2.14 billion
+6.89%
7 HTX HTX $ 0.0₅182
$ 1.64B
$ 1.64 billion
-0.48%
8 Bitget Token BGB $ 1.64
$ 1.15B
$ 1.15 billion
-1.91%
9 KuCoin Token KCS $ 6.67
$ 914.81M
$ 914.81 million
-0.15%
10 GateToken GT $ 6.76
$ 744.25M
$ 744.25 million
+0.41%
11 Jupiter JUP $ 0.170
$ 564.39M
$ 564.39 million
-1.87%
12 PancakeSwap CAKE $ 1.45
$ 465.49M
$ 465.49 million
-0.53%
13 Aerodrome AERO $ 0.408
$ 396.78M
$ 396.78 million
-3.42%
14 Curve DAO Token CRV $ 0.250
$ 387.38M
$ 387.38 million
-9.27%
15 Sun SUN $ 0.0182
$ 350.04M
$ 350.04 million
-0.16%
16 Raydium RAY $ 0.629
$ 169.48M
$ 169.48 million
-1.60%
17 MX Token MX $ 1.63
$ 149.36M
$ 149.36 million
-0.83%
18 THORChain RUNE $ 0.422
$ 142.80M
$ 142.80 million
-1.61%
19 FTX Token FTT $ 0.199
$ 65.50M
$ 65.50 million
-1.18%
20 KUB Coin KUB $ 0.536
$ 47.69M
$ 47.69 million
-2.57%
21 SUSHI SUSHI $ 0.160
$ 46.89M
$ 46.89 million
-1.58%
22 Gemini dollar GUSD $ 1.00
$ 30.43M
$ 30.43 million
-0.07%
23 Osmosis OSMO $ 0.0302
$ 23.68M
$ 23.68 million
-0.74%
24 Velodrome Finance VELO $ 0.0170
$ 21.79M
$ 21.79 million
-1.46%
25 Cetus CETUS $ 0.0195
$ 18.73M
$ 18.73 million
+0.34%
26 DODO DODO $ 0.0227
$ 17.59M
$ 17.59 million
-6.01%
27 Quickswap[New] QUICK $ 0.00801
$ 15.11M
$ 15.11 million
-0.92%
28 Loopring LRC $ 0.00900
$ 12.31M
$ 12.31 million
-3.91%
29 Maverick Protocol MAV $ 0.00902
$ 9.45M
$ 9.45 million
+2.02%
30 THENA THE $ 0.0596
$ 8.55M
$ 8.55 million
+0.69%
31 Balancer BAL $ 0.105
$ 7.25M
$ 7.25 million
-0.67%
32 JOE JOE $ 0.0276
$ 6.04M
$ 6.04 million
+0.62%
33 Minswap MIN $ 0.00304
$ 5.23M
$ 5.23 million
-1.69%
34 Pangolin PNG $ 0.0201
$ 4.75M
$ 4.75 million
-0.47%
35 Bluefin BLUE $ 0.00762
$ 4.20M
$ 4.20 million
-2.95%
36 SAROS SAROS $ 0.000286
$ 893,736
$ 893,736
-6.21%

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

37 BTSE Token BTSE $ 0.897
$ 145.40M
$ 145.40 million
+2.53%
38 Huobi Token HT $ 0.0976
$ 48.78M
$ 48.78 million
+156.76%
39 THORChain Yield TCY $ 0.126
$ 26.54M
$ 26.54 million
-2.31%
40 THORSwap THOR $ 0.0407
$ 20.37M
$ 20.37 million
-10.11%
41 BitMart Token BMX $ 0.0571
$ 18.64M
$ 18.64 million
-0.80%
42 VVS Finance VVS $ 0.0₆807
$ 13.00M
$ 13.00 million
-0.60%
43 Rujira RUJI $ 0.173
$ 12.88M
$ 12.88 million
-3.51%
44 Bitrue Coin BTR $ 0.00928
$ 7.43M
$ 7.43 million
+0.66%
45 WazirX WRX $ 0.0149
$ 6.25M
$ 6.25 million
+2.76%
46 Time TIME $ 7.15
$ 5.07M
$ 5.07 million
-1.90%
47 LCX LCX $ 0.0149
$ 3.82M
$ 3.82 million
-3.21%
48 CoinEx Token CET $ 0.0123
$ 2.47M
$ 2.47 million
+3.07%
49 THORChain (ERC20) RUNE $ 0.422
$ 1.46M
$ 1.46 million
-1.00%
50 Verse VERSE $ 0.0000177
$ 918,732
$ 918,732
-2.36%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
OKB OKB $ 102.04
$ 2.14B
$ 2.14 billion
+6.89%
LEO LEO $ 9.41
$ 8.65B
$ 8.65 billion
+3.13%
Hyperliquid HYPE $ 57.17
$ 17.10B
$ 17.10 billion
+2.31%
Maverick Protocol MAV $ 0.00902
$ 9.45M
$ 9.45 million
+2.02%
THENA THE $ 0.0596
$ 8.55M
$ 8.55 million
+0.69%
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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