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Exchange Tokens

146 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
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1 BNB BNB $785.80
$104.67B
$104.67 billion
+1.46%
2 Hyperliquid HYPE $93.28
$27.89B
$27.89 billion
-0.76%
3 LEO LEO $8.97
$8.26B
$8.26 billion
+0.57%
4 Uniswap UNI $8.88
$5.52B
$5.52 billion
+1.13%
5 Cronos CRO $0.0658
$3.28B
$3.28 billion
+6.58%
6 OKB OKB $120.82
$2.54B
$2.54 billion
+1.30%
7 HTX HTX $0.0₅175
$1.57B
$1.57 billion
+2.48%
8 Bitget Token BGB $2.12
$1.48B
$1.48 billion
+3.64%
9 GateToken GT $10.86
$1.16B
$1.16 billion
+0.31%
10 KuCoin Token KCS $7.37
$1.01B
$1.01 billion
+2.05%
11 Jupiter JUP $0.291
$968.85M
$968.85 million
-3.62%
12 PancakeSwap CAKE $2.50
$796.11M
$796.11 million
-1.99%
13 Aerodrome AERO $0.680
$675.53M
$675.53 million
+1.67%
14 Curve DAO Token CRV $0.356
$557.21M
$557.21 million
+3.52%
15 Raydium RAY $1.74
$470.15M
$470.15 million
+4.39%
16 Sun SUN $0.0175
$336.13M
$336.13 million
+2.31%
17 THORChain RUNE $0.630
$207.01M
$207.01 million
+10.81%
18 MX Token MX $1.92
$176.66M
$176.66 million
+2.00%
19 FTX Token FTT $0.256
$84.37M
$84.37 million
-17.48%
20 SUSHI SUSHI $0.249
$73.05M
$73.05 million
-0.89%
21 KUB Coin KUB $0.626
$55.73M
$55.73 million
+2.82%
22 Velodrome Finance VELO $0.0299
$39.61M
$39.61 million
+4.89%
23 Gemini dollar GUSD $1.00
$30.34M
$30.34 million
-0.02%
24 Osmosis OSMO $0.0362
$28.60M
$28.60 million
-2.62%
25 Cetus CETUS $0.0266
$25.65M
$25.65 million
+2.50%
26 Quickswap[New] QUICK $0.00953
$17.91M
$17.91 million
+0.74%
27 VVS Finance VVS $0.0₅109
$17.53M
$17.53 million
+7.22%
28 Rujira RUJI $0.227
$16.88M
$16.88 million
+6.37%
29 DODO DODO $0.0183
$14.16M
$14.16 million
+0.15%
30 Loopring LRC $0.00938
$12.84M
$12.84 million
+1.95%
31 Maverick Protocol MAV $0.0116
$12.13M
$12.13 million
+3.13%
32 THENA THE $0.0817
$11.86M
$11.86 million
+6.75%
33 Balancer BAL $0.122
$8.59M
$8.59 million
+2.27%
34 JOE JOE $0.0361
$7.92M
$7.92 million
-3.03%
35 Pangolin PNG $0.0285
$6.77M
$6.77 million
+0.57%
36 LCX LCX $0.0272
$6.58M
$6.58 million
-6.76%
37 Minswap MIN $0.00380
$6.53M
$6.53 million
+4.47%
38 Bluefin BLUE $0.0103
$6.22M
$6.22 million
-0.45%
39 SAROS SAROS $0.000228
$812,355
$812,355
-10.60%

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

40 BTSE Token BTSE $1.04
$168.20M
$168.20 million
-1.01%
41 Huobi Token HT $0.167
$83.39M
$83.39 million
+5.79%
42 THORChain Yield TCY $0.187
$39.19M
$39.19 million
-0.53%
43 THORSwap THOR $0.0392
$19.62M
$19.62 million
+1.60%
44 BitMart Token BMX $0.0593
$19.35M
$19.35 million
+3.35%
45 MaiCoin MAX $0.260
$17.80M
$17.80 million
-0.13%
46 Bitrue Coin BTR $0.0148
$11.84M
$11.84 million
+2.25%
47 MCDex MCB $2.34
$11.23M
$11.23 million
-1.02%
48 WazirX WRX $0.0231
$9.68M
$9.68 million
+2.80%
49 THORChain (ERC20) RUNE $0.623
$2.16M
$2.16 million
+10.88%
50 LATOKEN LA $0.00280
$1.12M
$1.12 million
-0.36%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
THORChain RUNE $0.630
$207.01M
$207.01 million
+10.81%
VVS Finance VVS $0.0₅109
$17.53M
$17.53 million
+7.22%
THENA THE $0.0817
$11.86M
$11.86 million
+6.75%
Cronos CRO $0.0658
$3.28B
$3.28 billion
+6.58%
Rujira RUJI $0.227
$16.88M
$16.88 million
+6.37%
All Gainers

Market Cap

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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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