Exchange Tokens

139 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 $ 605.18
$ 82.52B
$ 82.52 billion
-1.89%
2 Hyperliquid HYPE $ 28.69
$ 8.61B
$ 8.61 billion
-3.48%
3 LEO LEO $ 8.53
$ 7.86B
$ 7.86 billion
-1.84%
4 Cronos CRO $ 0.0779
$ 3.20B
$ 3.20 billion
-1.33%
5 Uniswap UNI $ 3.41
$ 2.16B
$ 2.16 billion
-3.54%
6 Bitget Token BGB $ 2.32
$ 1.63B
$ 1.63 billion
-1.49%
7 OKB OKB $ 76.94
$ 1.62B
$ 1.62 billion
-3.47%
8 KuCoin Token KCS $ 8.20
$ 1.08B
$ 1.08 billion
-1.84%
9 GateToken GT $ 7.08
$ 814.93M
$ 814.93 million
-2.11%
10 Jupiter JUP $ 0.153
$ 495.69M
$ 495.69 million
-7.40%
11 PancakeSwap CAKE $ 1.27
$ 421.09M
$ 421.09 million
-2.44%
12 Curve DAO Token CRV $ 0.245
$ 359.41M
$ 359.41 million
-2.82%
13 Sun SUN $ 0.0173
$ 332.52M
$ 332.52 million
+1.65%
14 Aerodrome AERO $ 0.305
$ 280.45M
$ 280.45 million
-3.22%
15 Raydium RAY $ 0.637
$ 171.09M
$ 171.09 million
-6.73%
16 MX Token MX $ 1.80
$ 165.28M
$ 165.28 million
-0.06%
17 THORChain RUNE $ 0.398
$ 139.55M
$ 139.55 million
-1.64%
18 FTX Token FTT $ 0.366
$ 120.29M
$ 120.29 million
-2.45%
19 KUB Coin KUB $ 1.02
$ 91.10M
$ 91.10 million
+0.29%
20 SUSHI SUSHI $ 0.205
$ 59.95M
$ 59.95 million
-2.26%
21 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.06%
22 Loopring LRC $ 0.0331
$ 45.22M
$ 45.22 million
-5.92%
23 THENA THE $ 0.266
$ 33.10M
$ 33.10 million
-2.46%
24 Osmosis OSMO $ 0.0369
$ 28.21M
$ 28.21 million
-0.78%
25 VVS Finance VVS $ 0.0₅155
$ 24.96M
$ 24.96 million
+0.51%
26 Velodrome Finance VELO $ 0.0140
$ 15.08M
$ 15.08 million
-2.59%
27 Cetus CETUS $ 0.0165
$ 15.02M
$ 15.02 million
-4.03%
28 Maverick Protocol MAV $ 0.0165
$ 11.83M
$ 11.83 million
+0.57%
29 DODO DODO $ 0.0151
$ 11.79M
$ 11.79 million
-3.85%
30 Balancer BAL $ 0.149
$ 10.16M
$ 10.16 million
-2.87%
31 Bluefin BLUE $ 0.0213
$ 8.42M
$ 8.42 million
-1.65%
32 JOE JOE $ 0.0358
$ 7.84M
$ 7.84 million
-5.77%
33 Quickswap[New] QUICK $ 0.00933
$ 6.92M
$ 6.92 million
-3.56%
34 IDEX IDEX $ 0.00676
$ 6.76M
$ 6.76 million
-4.82%
35 Pangolin PNG $ 0.0258
$ 5.94M
$ 5.94 million
-1.11%
36 HTX HTX $ 0.0₅169
$ 3.20M
$ 3.20 million
-0.52%

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

37 Huobi Token HT $ 0.243
$ 121.35M
$ 121.35 million
+4.70%
38 BitMart Token BMX $ 0.369
$ 120.55M
$ 120.55 million
-2.64%
39 LCX LCX $ 0.0481
$ 45.71M
$ 45.71 million
-2.66%
40 THORSwap THOR $ 0.0544
$ 27.20M
$ 27.20 million
+0.35%
41 Rujira RUJI $ 0.229
$ 17.09M
$ 17.09 million
-2.77%
42 WazirX WRX $ 0.0388
$ 16.27M
$ 16.27 million
+0.31%
43 THORChain Yield TCY $ 0.0730
$ 15.33M
$ 15.33 million
-5.80%
44 Bitrue Coin BTR $ 0.0186
$ 14.87M
$ 14.87 million
+0.99%
45 ASD ASD $ 0.0172
$ 12.79M
$ 12.79 million
+0.12%
46 Minswap MIN $ 0.00583
$ 10.26M
$ 10.26 million
-2.43%
47 CoinEx Token CET $ 0.0271
$ 5.45M
$ 5.45 million
-0.89%
48 Time TIME $ 3.13
$ 2.22M
$ 2.22 million
+0.77%
49 LATOKEN LA $ 0.00498
$ 1.99M
$ 1.99 million
+0.00%
50 Camelot Token GRAIL $ 76.97
$ 1.86M
$ 1.86 million
-0.06%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Sun SUN $ 0.0173
$ 332.52M
$ 332.52 million
+1.65%
Maverick Protocol MAV $ 0.0165
$ 11.83M
$ 11.83 million
+0.57%
VVS Finance VVS $ 0.0₅155
$ 24.96M
$ 24.96 million
+0.51%
KUB Coin KUB $ 1.02
$ 91.10M
$ 91.10 million
+0.29%
MX Token MX $ 1.80
$ 165.28M
$ 165.28 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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