# | Coins | Price | 24h | ||
---|---|---|---|---|---|
| |||||
The coins below are ranked lower due to missing data. Learn more | |||||
| 51 | MCDex MCB | $ | -0.04% | |
| 52 | CoinEx Token CET | $ | +0.40% | |
| 53 | WazirX WRX | $ | -0.23% | |
| 54 | Quidax Token QDX | $ | +1.09% | |
| 55 | LATOKEN LA | $ | +0.05% | |
| 56 | ProBit Token PROB | $ | -7.06% | |
| 57 | THORChain (ERC20) RUNE | $ | -4.59% | |
| 58 | Thorstarter XRUNE | $ | -0.13% | |
| 59 | Verse VERSE | $ | -4.22% | |
| 60 | EXMO Coin EXM | $ | -5.62% | |
| 61 | NitroEx NTX | $ | +0.00% | |
| 62 | Phemex Token PT | $ | -0.41% | |
| 63 | HitBTC Token HIT | $ | -0.27% | |
| 64 | XT.com XT | $ | -0.41% | |
| 65 | MaiCoin MAX | $ | -1.04% | |
| 66 | STON.fi STON | $ | -1.91% | |
| 67 | FinexboxToken FNB | $ | -1.21% | |
| 68 | Digital Financial Exchange DIFX | $ | +0.00% | |
| 69 | THORWallet DEX TGT | $ | -3.29% | |
| 70 | DEXZBITZ DXBE | $ | -1.24% | |
| 71 | LBank LBK | $ | -1.01% | |
| 72 | Mojaik FEE Token FEE | $ | +4.89% | |
| 73 | Nomoex Token NOMOX | $ | -1.70% | |
| 74 | Kick Token KICK | $ | -1.21% | |
| 75 | MonbaseCoin MBC | $ | -1.22% | |
| 76 | Waves.Exchange Token WX | $ | -2.72% | |
| 77 | LocalCoinSwap Cryptoshare LCS | $ | +27.68% | |
| 78 | ChronoTech Token TIME | $ | -0.21% | |
| 79 | BigONE Token ONE | $ | +0.40% | |
| 80 | Bitrue Token BTR | $ | -2.72% | |
| 81 | CoinW Token CWT | $ | -0.64% | |
| 82 | Baseswap Token BSWAP | $ | -1.48% | |
| 83 | BaseX BSX | $ | +0.05% | |
| 84 | Catex CATT | $ | -21.82% | |
| 85 | CRV-ERC20-PPT CRV-ERC20-PPT | $ | -1.55% | |
| 86 | Crypto Boursa CRB | $ | +0.00% | |
| 87 | Crypto.com MCO | $ | --% | |
| 88 | Bibox Token BIX | $ | --% | |
| 89 | CoinLion LION | $ | --% | |
| 90 | Mandala Exchange Token MDX | $ | --% | |
| 91 | DigiFinex Cash DFC | $ | --% | |
| 92 | ABCC Token AT | $ | --% | |
| 93 | Yobit Token YO | $ | --% | |
| 94 | Nash Exchange NEX | $ | --% | |
| 95 | OceanEx Token OCE | $ | --% | |
| 96 | VinDax Coin VD | $ | --% | |
| 97 | BTSE Token BTSE | $ | --% | |
| 98 | UpBots UBXT | $ | --% | |
| 99 | BOLO BOLO | $ | --% | |
| 100 | PooCoin POOCOIN | $ | --% |
Trending Exchange tokens
Coins | Price | 24h | |
---|---|---|---|
| Hyperliquid HYPE | $ | -3.38% |
| Liechtenstein Cryptoassets Exchange LCX | $ | -0.66% |
| Bitget Token BGB | $ | -1.76% |
| BNB BNB | $ | -0.02% |
| Uniswap UNI | $ | -3.04% |
Top gainers
Coins | Price | 24h | |||
---|---|---|---|---|---|
| Camelot Token GRAIL | $ | +42.81% | ||
| Maverick Protocol MAV | $ | +17.41% | ||
| Rujira RUJI | $ | +4.35% | ||
| Sun SUN | $ | +3.27% | ||
| HTX HTX | $ | +3.26% | ||
All gainers |
What Are Exchange Tokens?
What are exchange tokens?
An exchange token is the native cryptocurrency specific to CEXs (Centralized Exchanges). While many exchanges have their native tokens, some of the more prominent ones include Binance’s BNB and FTX’s FTT. Other tokens in this category encompass KuCoin (KCS), Huobi Global (HT), and Crypto.com (CRO).
These tokens are minted by exchanges, offering holders access to various benefits such as reduced trading fees or discounts.
What are exchange tokens used for?
Exchanges introduce tokens for multiple purposes, including customer incentives via staking, cost considerations for transactions, capital generation, or governance.
For example, in Binance, the BNB token operates as a governance token for the BNB Chain.
At KuCoin, token holders gain special discounts on trading fees or associated costs. Increased KCS tokens lead to improved discounts.
Token holders can also utilize these tokens to cover transaction fees.
With Crypto.com, CRO token holders access rewards tied to their newly launched credit card, enabling reduced trading fees, lending rewards, and discounts.
For exchanges, having their native token aids in establishing liquidity within the platform, often accomplished through staking. When a user stakes a token like DOT, a CEX rewards them with their exchange token as an appreciation for providing liquidity.
Final thoughts on exchange tokens
It's crucial to conduct thorough due diligence as investments inherently carry risks. The crash of FTX serves as an example, where despite being initially trusted in the cryptocurrency industry with millions of daily traders, an incident with a rival exchange led to its downfall and the subsequent crash of their native token, FTT.
Therefore, if considering holding an exchange token, delve into the exchange's registration and operations before making any investment decisions.
Curious about the array of exchange tokens available?