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 $ 647.42
$ 88.28B
$ 88.28 billion
+0.78%
2 Hyperliquid HYPE $ 37.02
$ 11.09B
$ 11.09 billion
+7.36%
3 LEO LEO $ 9.08
$ 8.36B
$ 8.36 billion
-1.04%
4 Cronos CRO $ 0.0756
$ 3.11B
$ 3.11 billion
+0.44%
5 Uniswap UNI $ 3.89
$ 2.46B
$ 2.46 billion
+1.19%
6 OKB OKB $ 94.94
$ 1.99B
$ 1.99 billion
-0.36%
7 Bitget Token BGB $ 2.17
$ 1.52B
$ 1.52 billion
-0.68%
8 KuCoin Token KCS $ 7.97
$ 1.05B
$ 1.05 billion
+0.78%
9 GateToken GT $ 7.03
$ 809.05M
$ 809.05 million
+0.13%
10 Jupiter JUP $ 0.163
$ 570.59M
$ 570.59 million
-0.61%
11 PancakeSwap CAKE $ 1.38
$ 453.77M
$ 453.77 million
+0.53%
12 Curve DAO Token CRV $ 0.234
$ 342.77M
$ 342.77 million
-1.52%
13 Aerodrome AERO $ 0.337
$ 311.06M
$ 311.06 million
+1.19%
14 Sun SUN $ 0.0160
$ 308.04M
$ 308.04 million
+0.85%
15 MX Token MX $ 1.79
$ 164.48M
$ 164.48 million
-0.02%
16 Raydium RAY $ 0.600
$ 161.15M
$ 161.15 million
+1.25%
17 THORChain RUNE $ 0.429
$ 150.67M
$ 150.67 million
+1.19%
18 FTX Token FTT $ 0.278
$ 91.52M
$ 91.52 million
+0.51%
19 KUB Coin KUB $ 0.949
$ 84.47M
$ 84.47 million
-0.38%
20 SUSHI SUSHI $ 0.203
$ 59.33M
$ 59.33 million
+2.21%
21 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.00%
22 Loopring LRC $ 0.0309
$ 42.21M
$ 42.21 million
+0.82%
23 LCX LCX $ 0.0443
$ 42.04M
$ 42.04 million
-0.15%
24 THENA THE $ 0.276
$ 34.51M
$ 34.51 million
+1.64%
25 Osmosis OSMO $ 0.0347
$ 26.55M
$ 26.55 million
+3.14%
26 VVS Finance VVS $ 0.0₅148
$ 23.79M
$ 23.79 million
-1.54%
27 Velodrome Finance VELO $ 0.0165
$ 18.17M
$ 18.17 million
+3.07%
28 Cetus CETUS $ 0.0174
$ 15.86M
$ 15.86 million
+5.07%
29 DODO DODO $ 0.0151
$ 11.80M
$ 11.80 million
+1.98%
30 Maverick Protocol MAV $ 0.0148
$ 10.65M
$ 10.65 million
+2.26%
31 Minswap MIN $ 0.00597
$ 10.48M
$ 10.48 million
+1.89%
32 Balancer BAL $ 0.148
$ 10.06M
$ 10.06 million
+2.22%
33 JOE JOE $ 0.0412
$ 9.01M
$ 9.01 million
-2.08%
34 Quickswap[New] QUICK $ 0.0112
$ 8.28M
$ 8.28 million
+2.66%
35 Bluefin BLUE $ 0.0189
$ 7.46M
$ 7.46 million
+1.68%
36 IDEX IDEX $ 0.00741
$ 7.41M
$ 7.41 million
-2.45%
37 Pangolin PNG $ 0.0281
$ 6.46M
$ 6.46 million
-6.98%
38 HTX HTX $ 0.0₅160
$ 3.03M
$ 3.03 million
+0.93%

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

39 BitMart Token BMX $ 0.330
$ 107.55M
$ 107.55 million
-2.95%
40 Huobi Token HT $ 0.182
$ 91.20M
$ 91.20 million
+0.16%
41 THORSwap THOR $ 0.0671
$ 33.55M
$ 33.55 million
+2.85%
42 THORChain Yield TCY $ 0.126
$ 26.46M
$ 26.46 million
+5.01%
43 Rujira RUJI $ 0.253
$ 18.87M
$ 18.87 million
-4.43%
44 Bitrue Coin BTR $ 0.0164
$ 13.16M
$ 13.16 million
+2.34%
45 ASD ASD $ 0.0165
$ 12.30M
$ 12.30 million
+8.60%
46 WazirX WRX $ 0.0231
$ 9.68M
$ 9.68 million
-10.68%
47 CoinEx Token CET $ 0.0300
$ 6.04M
$ 6.04 million
+0.18%
48 Time TIME $ 2.93
$ 2.08M
$ 2.08 million
+0.32%
49 Camelot Token GRAIL $ 81.32
$ 1.98M
$ 1.98 million
+0.31%
50 LATOKEN LA $ 0.00445
$ 1.78M
$ 1.78 million
-0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 37.02
$ 11.09B
$ 11.09 billion
+7.36%
Cetus CETUS $ 0.0174
$ 15.86M
$ 15.86 million
+5.07%
Osmosis OSMO $ 0.0347
$ 26.55M
$ 26.55 million
+3.14%
Velodrome Finance VELO $ 0.0165
$ 18.17M
$ 18.17 million
+3.07%
Quickswap[New] QUICK $ 0.0112
$ 8.28M
$ 8.28 million
+2.66%
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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