Exchange Tokens

144 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 $ 614.22
$ 82.77B
$ 82.77 billion
-1.44%
2 Hyperliquid HYPE $ 39.82
$ 11.89B
$ 11.89 billion
-0.33%
3 Cronos CRO $ 0.0679
$ 2.96B
$ 2.96 billion
-1.70%
4 Uniswap UNI $ 3.16
$ 2.01B
$ 2.01 billion
-2.95%
5 OKB OKB $ 81.72
$ 1.72B
$ 1.72 billion
-1.19%
6 Bitget Token BGB $ 1.97
$ 1.38B
$ 1.38 billion
+0.74%
7 KuCoin Token KCS $ 8.36
$ 1.13B
$ 1.13 billion
-0.68%
8 GateToken GT $ 7.25
$ 834.85M
$ 834.85 million
-0.21%
9 Jupiter JUP $ 0.177
$ 588.30M
$ 588.30 million
-6.17%
10 PancakeSwap CAKE $ 1.47
$ 482.20M
$ 482.20 million
-1.33%
11 Aerodrome AERO $ 0.459
$ 425.09M
$ 425.09 million
-0.57%
12 Sun SUN $ 0.0186
$ 356.49M
$ 356.49 million
+1.54%
13 Curve DAO Token CRV $ 0.223
$ 328.74M
$ 328.74 million
-2.11%
14 Raydium RAY $ 0.778
$ 209.36M
$ 209.36 million
+3.62%
15 THORChain RUNE $ 0.490
$ 171.87M
$ 171.87 million
-2.81%
16 MX Token MX $ 1.76
$ 161.68M
$ 161.68 million
-0.16%
17 FTX Token FTT $ 0.283
$ 93.03M
$ 93.03 million
-2.45%
18 KUB Coin KUB $ 0.881
$ 78.48M
$ 78.48 million
+2.02%
19 SUSHI SUSHI $ 0.204
$ 58.92M
$ 58.92 million
-3.91%
20 Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.06%
21 Cetus CETUS $ 0.0268
$ 24.97M
$ 24.97 million
-10.03%
22 Osmosis OSMO $ 0.0306
$ 23.62M
$ 23.62 million
-2.94%
23 Loopring LRC $ 0.0168
$ 23.01M
$ 23.01 million
-9.39%
24 VVS Finance VVS $ 0.0₅125
$ 20.06M
$ 20.06 million
-2.12%
25 Velodrome Finance VELO $ 0.0174
$ 20.03M
$ 20.03 million
-4.67%
26 Quickswap[New] QUICK $ 0.0107
$ 19.95M
$ 19.95 million
-1.08%
27 DODO DODO $ 0.0185
$ 14.42M
$ 14.42 million
-5.18%
28 THENA THE $ 0.0993
$ 12.77M
$ 12.77 million
-2.90%
29 Maverick Protocol MAV $ 0.0154
$ 12.39M
$ 12.39 million
-2.87%
30 Balancer BAL $ 0.146
$ 9.97M
$ 9.97 million
-2.12%
31 JOE JOE $ 0.0445
$ 9.73M
$ 9.73 million
-3.59%
32 Bluefin BLUE $ 0.0161
$ 7.63M
$ 7.63 million
-3.43%
33 Pangolin PNG $ 0.0271
$ 6.24M
$ 6.24 million
-2.40%
34 HTX HTX $ 0.0₅182
$ 3.44M
$ 3.44 million
-0.15%
35 IDEX IDEX $ 0.00190
$ 1.90M
$ 1.90 million
-16.71%

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

36 LEO LEO $ 9.94
$ 9.15B
$ 9.15 billion
-4.06%
37 BitMart Token BMX $ 0.321
$ 104.66M
$ 104.66 million
-0.07%
38 Huobi Token HT $ 0.164
$ 82.00M
$ 82.00 million
-0.97%
39 LCX LCX $ 0.0768
$ 72.92M
$ 72.92 million
-2.99%
40 THORChain Yield TCY $ 0.137
$ 28.76M
$ 28.76 million
-3.62%
41 THORSwap THOR $ 0.0553
$ 27.67M
$ 27.67 million
-9.33%
42 Rujira RUJI $ 0.241
$ 17.98M
$ 17.98 million
+8.77%
43 WazirX WRX $ 0.0266
$ 11.15M
$ 11.15 million
-0.41%
44 Bitrue Coin BTR $ 0.0128
$ 10.25M
$ 10.25 million
-2.38%
45 Minswap MIN $ 0.00444
$ 7.79M
$ 7.79 million
-11.56%
46 ASD ASD $ 0.00992
$ 7.37M
$ 7.37 million
-18.29%
47 CoinEx Token CET $ 0.0282
$ 5.66M
$ 5.66 million
-1.34%
48 Time TIME $ 2.80
$ 1.99M
$ 1.99 million
+67.49%
49 Camelot Token GRAIL $ 71.49
$ 1.80M
$ 1.80 million
-1.14%
50 THORChain (ERC20) RUNE $ 0.488
$ 1.69M
$ 1.69 million
-2.83%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Raydium RAY $ 0.778
$ 209.36M
$ 209.36 million
+3.62%
KUB Coin KUB $ 0.881
$ 78.48M
$ 78.48 million
+2.02%
Sun SUN $ 0.0186
$ 356.49M
$ 356.49 million
+1.54%
Bitget Token BGB $ 1.97
$ 1.38B
$ 1.38 billion
+0.74%
Gemini dollar GUSD $ 1.00
$ 37.72M
$ 37.72 million
+0.06%
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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