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 $ 569.17
$ 76.72B
$ 76.72 billion
-1.31%
2 Hyperliquid HYPE $ 63.32
$ 18.92B
$ 18.92 billion
-5.73%
3 Cronos CRO $ 0.0548
$ 2.52B
$ 2.52 billion
-2.53%
4 Uniswap UNI $ 3.63
$ 2.25B
$ 2.25 billion
+0.37%
5 OKB OKB $ 80.16
$ 1.68B
$ 1.68 billion
-0.66%
6 Bitget Token BGB $ 1.63
$ 1.14B
$ 1.14 billion
-0.73%
7 KuCoin Token KCS $ 6.84
$ 938.02M
$ 938.02 million
-2.82%
8 GateToken GT $ 6.66
$ 733.27M
$ 733.27 million
-0.19%
9 Jupiter JUP $ 0.205
$ 681.21M
$ 681.21 million
+1.18%
10 Aerodrome AERO $ 0.484
$ 467.19M
$ 467.19 million
-4.79%
11 PancakeSwap CAKE $ 1.41
$ 453.60M
$ 453.60 million
-1.00%
12 Sun SUN $ 0.0181
$ 348.23M
$ 348.23 million
-2.47%
13 Curve DAO Token CRV $ 0.216
$ 330.98M
$ 330.98 million
+4.05%
14 Raydium RAY $ 0.667
$ 179.54M
$ 179.54 million
-2.19%
15 MX Token MX $ 1.64
$ 150.40M
$ 150.40 million
-1.11%
16 THORChain RUNE $ 0.405
$ 137.03M
$ 137.03 million
+0.25%
17 FTX Token FTT $ 0.215
$ 70.76M
$ 70.76 million
-2.65%
18 KUB Coin KUB $ 0.712
$ 63.36M
$ 63.36 million
-1.43%
19 SUSHI SUSHI $ 0.163
$ 47.57M
$ 47.57 million
+0.59%
20 Gemini dollar GUSD $ 1.00
$ 29.79M
$ 29.79 million
-0.00%
21 Osmosis OSMO $ 0.0333
$ 25.95M
$ 25.95 million
-4.11%
22 Velodrome Finance VELO $ 0.0205
$ 25.47M
$ 25.47 million
-3.41%
23 LCX LCX $ 0.0219
$ 20.18M
$ 20.18 million
-8.63%
24 Cetus CETUS $ 0.0178
$ 17.04M
$ 17.04 million
-1.36%
25 DODO DODO $ 0.0218
$ 16.89M
$ 16.89 million
-7.49%
26 Loopring LRC $ 0.0109
$ 14.89M
$ 14.89 million
+1.86%
27 Quickswap[New] QUICK $ 0.00752
$ 14.21M
$ 14.21 million
-1.18%
28 THENA THE $ 0.0571
$ 8.04M
$ 8.04 million
+8.42%
29 Maverick Protocol MAV $ 0.00924
$ 7.93M
$ 7.93 million
-1.97%
30 Balancer BAL $ 0.0943
$ 6.53M
$ 6.53 million
-1.32%
31 JOE JOE $ 0.0272
$ 5.94M
$ 5.94 million
-2.56%
32 Pangolin PNG $ 0.0208
$ 4.90M
$ 4.90 million
-1.40%
33 Bluefin BLUE $ 0.00886
$ 4.66M
$ 4.66 million
-2.53%
34 HTX HTX $ 0.0₅181
$ 3.78M
$ 3.78 million
-2.55%
35 IDEX IDEX $ 0.00131
$ 1.31M
$ 1.31 million
+9.71%
36 SAROS SAROS $ 0.000405
$ 1.05M
$ 1.05 million
-8.24%

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

37 LEO LEO $ 9.54
$ 8.78B
$ 8.78 billion
-0.06%
38 BitMart Token BMX $ 0.317
$ 103.57M
$ 103.57 million
-0.39%
39 THORChain Yield TCY $ 0.102
$ 21.34M
$ 21.34 million
+3.73%
40 Huobi Token HT $ 0.0438
$ 21.03M
$ 21.03 million
+13.67%
41 THORSwap THOR $ 0.0335
$ 16.74M
$ 16.74 million
+0.68%
42 Rujira RUJI $ 0.211
$ 15.69M
$ 15.69 million
+0.59%
43 VVS Finance VVS $ 0.0₆955
$ 15.38M
$ 15.38 million
-2.70%
44 Bitrue Coin BTR $ 0.00973
$ 7.80M
$ 7.80 million
+2.10%
45 WazirX WRX $ 0.0181
$ 7.60M
$ 7.60 million
+0.78%
46 Time TIME $ 10.25
$ 7.28M
$ 7.28 million
+56.64%
47 Minswap MIN $ 0.00292
$ 5.05M
$ 5.05 million
-2.18%
48 CoinEx Token CET $ 0.0125
$ 2.52M
$ 2.52 million
-2.69%
49 Camelot Token GRAIL $ 60.26
$ 1.55M
$ 1.55 million
-8.60%
50 THORChain (ERC20) RUNE $ 0.405
$ 1.40M
$ 1.40 million
+0.28%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
IDEX IDEX $ 0.00131
$ 1.31M
$ 1.31 million
+9.71%
THENA THE $ 0.0571
$ 8.04M
$ 8.04 million
+8.42%
Curve DAO Token CRV $ 0.216
$ 330.98M
$ 330.98 million
+4.05%
Loopring LRC $ 0.0109
$ 14.89M
$ 14.89 million
+1.86%
Jupiter JUP $ 0.205
$ 681.21M
$ 681.21 million
+1.18%
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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