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 $ 614.27
$ 83.77B
$ 83.77 billion
-0.11%
2 Hyperliquid HYPE $ 36.48
$ 10.91B
$ 10.91 billion
-0.40%
3 Cronos CRO $ 0.0711
$ 3.01B
$ 3.01 billion
+1.45%
4 Uniswap UNI $ 3.63
$ 2.30B
$ 2.30 billion
+2.36%
5 OKB OKB $ 85.04
$ 1.79B
$ 1.79 billion
+1.81%
6 Bitget Token BGB $ 1.95
$ 1.37B
$ 1.37 billion
+1.36%
7 KuCoin Token KCS $ 8.11
$ 1.07B
$ 1.07 billion
-0.27%
8 GateToken GT $ 6.59
$ 759.11M
$ 759.11 million
+0.88%
9 Jupiter JUP $ 0.162
$ 574.87M
$ 574.87 million
+3.16%
10 PancakeSwap CAKE $ 1.41
$ 481.60M
$ 481.60 million
+1.60%
11 Sun SUN $ 0.0180
$ 345.62M
$ 345.62 million
+1.70%
12 Curve DAO Token CRV $ 0.222
$ 326.41M
$ 326.41 million
+2.91%
13 Aerodrome AERO $ 0.328
$ 303.27M
$ 303.27 million
+3.19%
14 Raydium RAY $ 0.676
$ 181.88M
$ 181.88 million
+12.93%
15 MX Token MX $ 1.80
$ 164.87M
$ 164.87 million
+0.22%
16 THORChain RUNE $ 0.408
$ 143.20M
$ 143.20 million
-0.88%
17 FTX Token FTT $ 0.308
$ 101.04M
$ 101.04 million
-0.19%
18 KUB Coin KUB $ 0.827
$ 73.61M
$ 73.61 million
+1.43%
19 SUSHI SUSHI $ 0.197
$ 57.64M
$ 57.64 million
+1.13%
20 Gemini dollar GUSD $ 1.00
$ 35.70M
$ 35.70 million
-0.10%
21 Loopring LRC $ 0.0198
$ 27.08M
$ 27.08 million
-0.13%
22 Osmosis OSMO $ 0.0309
$ 23.70M
$ 23.70 million
+0.86%
23 VVS Finance VVS $ 0.0₅135
$ 21.73M
$ 21.73 million
+0.01%
24 Cetus CETUS $ 0.0200
$ 18.48M
$ 18.48 million
-13.68%
25 Velodrome Finance VELO $ 0.0142
$ 15.98M
$ 15.98 million
+1.06%
26 THENA THE $ 0.105
$ 13.47M
$ 13.47 million
-2.39%
27 DODO DODO $ 0.0151
$ 11.78M
$ 11.78 million
+8.20%
28 Balancer BAL $ 0.145
$ 9.90M
$ 9.90 million
+1.55%
29 Maverick Protocol MAV $ 0.0132
$ 9.50M
$ 9.50 million
+2.37%
30 JOE JOE $ 0.0377
$ 8.24M
$ 8.24 million
+1.31%
31 Bluefin BLUE $ 0.0171
$ 7.63M
$ 7.63 million
-0.72%
32 Quickswap[New] QUICK $ 0.00944
$ 7.00M
$ 7.00 million
+1.73%
33 Pangolin PNG $ 0.0291
$ 6.70M
$ 6.70 million
+2.49%
34 HTX HTX $ 0.0₅171
$ 3.23M
$ 3.23 million
+0.84%
35 IDEX IDEX $ 0.00257
$ 2.57M
$ 2.57 million
-1.85%

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

36 LEO LEO $ 10.04
$ 9.24B
$ 9.24 billion
+0.56%
37 BTSE Token BTSE $ 1.42
$ 230.63M
$ 230.63 million
+0.88%
38 BitMart Token BMX $ 0.314
$ 102.40M
$ 102.40 million
-0.26%
39 Huobi Token HT $ 0.179
$ 89.62M
$ 89.62 million
+3.78%
40 LCX LCX $ 0.0731
$ 69.38M
$ 69.38 million
-3.05%
41 THORChain Yield TCY $ 0.121
$ 25.35M
$ 25.35 million
-2.54%
42 THORSwap THOR $ 0.0484
$ 24.19M
$ 24.19 million
-1.79%
43 Rujira RUJI $ 0.209
$ 15.55M
$ 15.55 million
+0.03%
44 Bitrue Coin BTR $ 0.0160
$ 12.81M
$ 12.81 million
+0.26%
45 ASD ASD $ 0.0151
$ 11.20M
$ 11.20 million
+6.80%
46 Minswap MIN $ 0.00522
$ 9.16M
$ 9.16 million
+0.81%
47 WazirX WRX $ 0.0209
$ 8.78M
$ 8.78 million
+2.50%
48 CoinEx Token CET $ 0.0294
$ 5.91M
$ 5.91 million
+0.57%
49 Camelot Token GRAIL $ 82.21
$ 2.01M
$ 2.01 million
+2.42%
50 Time TIME $ 2.34
$ 1.66M
$ 1.66 million
-2.09%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Raydium RAY $ 0.676
$ 181.88M
$ 181.88 million
+12.93%
DODO DODO $ 0.0151
$ 11.78M
$ 11.78 million
+8.20%
Aerodrome AERO $ 0.328
$ 303.27M
$ 303.27 million
+3.19%
Jupiter JUP $ 0.162
$ 574.87M
$ 574.87 million
+3.16%
Curve DAO Token CRV $ 0.222
$ 326.41M
$ 326.41 million
+2.91%
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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