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 $ 671.80
$ 91.60B
$ 91.60 billion
+2.58%
2 Hyperliquid HYPE $ 37.51
$ 11.23B
$ 11.23 billion
-0.97%
3 Cronos CRO $ 0.0777
$ 3.19B
$ 3.19 billion
+0.23%
4 Uniswap UNI $ 4.06
$ 2.57B
$ 2.57 billion
+3.58%
5 OKB OKB $ 96.63
$ 2.03B
$ 2.03 billion
+0.87%
6 Bitget Token BGB $ 2.17
$ 1.52B
$ 1.52 billion
-0.04%
7 KuCoin Token KCS $ 8.25
$ 1.09B
$ 1.09 billion
+1.42%
8 GateToken GT $ 7.22
$ 831.41M
$ 831.41 million
+1.06%
9 Jupiter JUP $ 0.163
$ 570.09M
$ 570.09 million
+2.55%
10 PancakeSwap CAKE $ 1.50
$ 494.92M
$ 494.92 million
+6.75%
11 Curve DAO Token CRV $ 0.242
$ 355.14M
$ 355.14 million
+4.31%
12 Sun SUN $ 0.0164
$ 315.05M
$ 315.05 million
+0.77%
13 Aerodrome AERO $ 0.338
$ 311.59M
$ 311.59 million
+0.71%
14 Raydium RAY $ 0.624
$ 167.72M
$ 167.72 million
+3.42%
15 MX Token MX $ 1.79
$ 164.46M
$ 164.46 million
-0.16%
16 THORChain RUNE $ 0.446
$ 156.68M
$ 156.68 million
+0.70%
17 FTX Token FTT $ 0.285
$ 93.54M
$ 93.54 million
+1.31%
18 KUB Coin KUB $ 0.930
$ 82.77M
$ 82.77 million
-0.21%
19 SUSHI SUSHI $ 0.216
$ 63.09M
$ 63.09 million
+3.49%
20 Gemini dollar GUSD $ 1.00
$ 47.11M
$ 47.11 million
+0.05%
21 Loopring LRC $ 0.0294
$ 40.18M
$ 40.18 million
-1.46%
22 THENA THE $ 0.210
$ 26.17M
$ 26.17 million
-24.13%
23 Osmosis OSMO $ 0.0340
$ 26.09M
$ 26.09 million
+1.82%
24 Velodrome Finance VELO $ 0.0160
$ 17.66M
$ 17.66 million
+0.90%
25 Cetus CETUS $ 0.0175
$ 16.17M
$ 16.17 million
+1.99%
26 DODO DODO $ 0.0151
$ 11.73M
$ 11.73 million
+3.47%
27 Minswap MIN $ 0.00619
$ 10.88M
$ 10.88 million
+4.55%
28 Maverick Protocol MAV $ 0.0151
$ 10.83M
$ 10.83 million
+4.24%
29 Balancer BAL $ 0.157
$ 10.71M
$ 10.71 million
+5.19%
30 JOE JOE $ 0.0411
$ 9.00M
$ 9.00 million
+2.17%
31 Quickswap[New] QUICK $ 0.0114
$ 8.43M
$ 8.43 million
+3.60%
32 IDEX IDEX $ 0.00745
$ 7.45M
$ 7.45 million
+0.08%
33 Bluefin BLUE $ 0.0183
$ 7.21M
$ 7.21 million
-0.22%
34 Pangolin PNG $ 0.0293
$ 6.74M
$ 6.74 million
+2.82%
35 HTX HTX $ 0.0₅164
$ 3.09M
$ 3.09 million
+0.77%

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

36 LEO LEO $ 9.04
$ 8.32B
$ 8.32 billion
-0.14%
37 BTSE Token BTSE $ 1.47
$ 238.93M
$ 238.93 million
-3.38%
38 BitMart Token BMX $ 0.300
$ 97.96M
$ 97.96 million
-0.09%
39 Huobi Token HT $ 0.186
$ 93.00M
$ 93.00 million
+2.65%
40 LCX LCX $ 0.0726
$ 79.78M
$ 79.78 million
+83.46%
41 THORSwap THOR $ 0.0680
$ 33.99M
$ 33.99 million
+3.43%
42 THORChain Yield TCY $ 0.140
$ 29.30M
$ 29.30 million
-0.27%
43 VVS Finance VVS $ 0.0₅151
$ 24.13M
$ 24.13 million
-0.58%
44 Rujira RUJI $ 0.258
$ 19.20M
$ 19.20 million
+1.62%
45 Bitrue Coin BTR $ 0.0166
$ 13.32M
$ 13.32 million
+2.15%
46 ASD ASD $ 0.0170
$ 12.61M
$ 12.61 million
+1.74%
47 WazirX WRX $ 0.0241
$ 10.09M
$ 10.09 million
-2.07%
48 MCDex MCB $ 1.81
$ 8.68M
$ 8.68 million
-0.38%
49 CoinEx Token CET $ 0.0303
$ 6.10M
$ 6.10 million
+0.81%
50 LATOKEN LA $ 0.00630
$ 2.52M
$ 2.52 million
+36.66%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
PancakeSwap CAKE $ 1.50
$ 494.92M
$ 494.92 million
+6.75%
Balancer BAL $ 0.157
$ 10.71M
$ 10.71 million
+5.19%
Minswap MIN $ 0.00619
$ 10.88M
$ 10.88 million
+4.55%
Curve DAO Token CRV $ 0.242
$ 355.14M
$ 355.14 million
+4.31%
Maverick Protocol MAV $ 0.0151
$ 10.83M
$ 10.83 million
+4.24%
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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