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 $ 629.13
$ 85.79B
$ 85.79 billion
+0.15%
2 Hyperliquid HYPE $ 28.51
$ 8.55B
$ 8.55 billion
+1.61%
3 LEO LEO $ 8.79
$ 8.10B
$ 8.10 billion
+0.06%
4 Cronos CRO $ 0.0776
$ 3.19B
$ 3.19 billion
-1.25%
5 Uniswap UNI $ 3.88
$ 2.46B
$ 2.46 billion
-3.57%
6 OKB OKB $ 78.25
$ 1.64B
$ 1.64 billion
+0.35%
7 Bitget Token BGB $ 2.23
$ 1.56B
$ 1.56 billion
-0.93%
8 KuCoin Token KCS $ 8.67
$ 1.15B
$ 1.15 billion
-0.15%
9 GateToken GT $ 7.12
$ 820.34M
$ 820.34 million
+0.67%
10 Jupiter JUP $ 0.156
$ 544.52M
$ 544.52 million
-3.84%
11 PancakeSwap CAKE $ 1.32
$ 435.97M
$ 435.97 million
-0.61%
12 Curve DAO Token CRV $ 0.252
$ 368.79M
$ 368.79 million
+0.03%
13 Aerodrome AERO $ 0.360
$ 332.14M
$ 332.14 million
-3.32%
14 Sun SUN $ 0.0162
$ 311.26M
$ 311.26 million
-0.02%
15 Raydium RAY $ 0.613
$ 164.64M
$ 164.64 million
-2.86%
16 MX Token MX $ 1.79
$ 164.41M
$ 164.41 million
-1.14%
17 THORChain RUNE $ 0.406
$ 142.26M
$ 142.26 million
-1.88%
18 FTX Token FTT $ 0.321
$ 105.58M
$ 105.58 million
-0.67%
19 KUB Coin KUB $ 1.03
$ 91.72M
$ 91.72 million
-0.73%
20 SUSHI SUSHI $ 0.209
$ 61.21M
$ 61.21 million
-2.75%
21 Gemini dollar GUSD $ 1.00
$ 47.10M
$ 47.10 million
+0.07%
22 Loopring LRC $ 0.0334
$ 45.65M
$ 45.65 million
-18.54%
23 THENA THE $ 0.264
$ 33.15M
$ 33.15 million
-1.12%
24 Osmosis OSMO $ 0.0353
$ 26.96M
$ 26.96 million
-0.81%
25 VVS Finance VVS $ 0.0₅152
$ 24.47M
$ 24.47 million
-0.62%
26 Velodrome Finance VELO $ 0.0161
$ 17.59M
$ 17.59 million
-1.31%
27 Cetus CETUS $ 0.0163
$ 14.83M
$ 14.83 million
-1.40%
28 DODO DODO $ 0.0151
$ 11.76M
$ 11.76 million
-4.75%
29 Maverick Protocol MAV $ 0.0143
$ 10.26M
$ 10.26 million
-2.50%
30 Balancer BAL $ 0.136
$ 9.27M
$ 9.27 million
-4.66%
31 JOE JOE $ 0.0374
$ 8.20M
$ 8.20 million
-1.87%
32 Bluefin BLUE $ 0.0189
$ 7.46M
$ 7.46 million
-3.65%
33 Quickswap[New] QUICK $ 0.0100
$ 7.42M
$ 7.42 million
+0.75%
34 IDEX IDEX $ 0.00708
$ 7.08M
$ 7.08 million
+7.55%
35 Pangolin PNG $ 0.0243
$ 5.59M
$ 5.59 million
-1.46%
36 HTX HTX $ 0.0₅162
$ 3.06M
$ 3.06 million
-0.10%

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

37 BitMart Token BMX $ 0.331
$ 108.16M
$ 108.16 million
-3.49%
38 Huobi Token HT $ 0.197
$ 98.35M
$ 98.35 million
-13.00%
39 LCX LCX $ 0.0457
$ 43.39M
$ 43.39 million
+0.08%
40 THORSwap THOR $ 0.0563
$ 28.15M
$ 28.15 million
-2.02%
41 THORChain Yield TCY $ 0.125
$ 26.23M
$ 26.23 million
+9.60%
42 Rujira RUJI $ 0.251
$ 18.72M
$ 18.72 million
-1.58%
43 WazirX WRX $ 0.0380
$ 15.92M
$ 15.92 million
-0.29%
44 Bitrue Coin BTR $ 0.0193
$ 15.44M
$ 15.44 million
-2.87%
45 ASD ASD $ 0.0182
$ 13.52M
$ 13.52 million
-0.33%
46 Minswap MIN $ 0.00614
$ 10.80M
$ 10.80 million
-4.00%
47 CoinEx Token CET $ 0.0283
$ 5.68M
$ 5.68 million
+0.91%
48 Camelot Token GRAIL $ 87.67
$ 2.12M
$ 2.12 million
+13.55%
49 Time TIME $ 2.83
$ 2.01M
$ 2.01 million
-5.10%
50 LATOKEN LA $ 0.00487
$ 1.95M
$ 1.95 million
+14.86%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
IDEX IDEX $ 0.00708
$ 7.08M
$ 7.08 million
+7.55%
Hyperliquid HYPE $ 28.51
$ 8.55B
$ 8.55 billion
+1.61%
Quickswap[New] QUICK $ 0.0100
$ 7.42M
$ 7.42 million
+0.75%
GateToken GT $ 7.12
$ 820.34M
$ 820.34 million
+0.67%
OKB OKB $ 78.25
$ 1.64B
$ 1.64 billion
+0.35%
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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