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 $ 867.10
$ 118.20B
$ 118.20 billion
-2.51%
2 Hyperliquid HYPE $ 22.26
$ 6.71B
$ 6.71 billion
-5.70%
3 Cronos CRO $ 0.0888
$ 3.54B
$ 3.54 billion
-3.85%
4 Uniswap UNI $ 4.67
$ 2.96B
$ 2.96 billion
-4.09%
5 Bitget Token BGB $ 3.60
$ 2.52B
$ 2.52 billion
-1.15%
6 OKB OKB $ 101.38
$ 2.13B
$ 2.13 billion
-2.05%
7 KuCoin Token KCS $ 10.53
$ 1.39B
$ 1.39 billion
-2.25%
8 GateToken GT $ 9.77
$ 1.13B
$ 1.13 billion
-1.30%
9 PancakeSwap CAKE $ 1.86
$ 621.98M
$ 621.98 million
-2.72%
10 Jupiter JUP $ 0.189
$ 602.01M
$ 602.01 million
-4.25%
11 Curve DAO Token CRV $ 0.341
$ 501.10M
$ 501.10 million
-5.18%
12 Aerodrome AERO $ 0.442
$ 403.77M
$ 403.77 million
-5.63%
13 Sun SUN $ 0.0208
$ 399.85M
$ 399.85 million
-0.00%
14 Raydium RAY $ 0.964
$ 258.83M
$ 258.83 million
-3.75%
15 THORChain RUNE $ 0.561
$ 196.87M
$ 196.87 million
-3.30%
16 MX Token MX $ 1.95
$ 179.22M
$ 179.22 million
-0.05%
17 FTX Token FTT $ 0.430
$ 141.59M
$ 141.59 million
-5.60%
18 KUB Coin KUB $ 1.21
$ 107.97M
$ 107.97 million
-3.44%
19 SUSHI SUSHI $ 0.286
$ 83.50M
$ 83.50 million
-5.27%
20 Loopring LRC $ 0.0463
$ 63.35M
$ 63.35 million
-4.78%
21 Gemini dollar GUSD $ 1.00
$ 47.15M
$ 47.15 million
-0.01%
22 Osmosis OSMO $ 0.0499
$ 37.93M
$ 37.93 million
-5.49%
23 Balancer BAL $ 0.491
$ 33.44M
$ 33.44 million
-1.47%
24 THENA THE $ 0.244
$ 31.26M
$ 31.26 million
+0.31%
25 VVS Finance VVS $ 0.0₅179
$ 28.85M
$ 28.85 million
-3.77%
26 Cetus CETUS $ 0.0224
$ 20.12M
$ 20.12 million
-6.94%
27 Velodrome Finance VELO $ 0.0189
$ 19.98M
$ 19.98 million
-6.99%
28 Maverick Protocol MAV $ 0.0246
$ 17.64M
$ 17.64 million
-5.32%
29 DODO DODO $ 0.0167
$ 13.04M
$ 13.04 million
-2.51%
30 JOE JOE $ 0.0531
$ 11.63M
$ 11.63 million
-6.23%
31 Bluefin BLUE $ 0.0294
$ 11.59M
$ 11.59 million
-4.63%
32 IDEX IDEX $ 0.00907
$ 9.07M
$ 9.07 million
-3.43%
33 Quickswap[New] QUICK $ 0.0111
$ 8.21M
$ 8.21 million
-6.48%
34 Pangolin PNG $ 0.0345
$ 7.74M
$ 7.74 million
-3.14%
35 HTX HTX $ 0.0₅178
$ 3.36M
$ 3.36 million
-0.46%
36 Time TIME $ 3.55
$ 2.52M
$ 2.52 million
-5.91%

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

37 LEO LEO $ 8.90
$ 8.20B
$ 8.20 billion
-0.76%
38 Tokenize Xchange TKX $ 1.70
$ 135.69M
$ 135.69 million
-2.53%
39 Huobi Token HT $ 0.207
$ 103.35M
$ 103.35 million
-0.10%
40 BitMart Token BMX $ 0.364
$ 69.21M
$ 69.21 million
-0.37%
41 Liechtenstein Cryptoassets Exchange LCX $ 0.0530
$ 50.35M
$ 50.35 million
-3.80%
42 THORSwap THOR $ 0.0660
$ 32.98M
$ 32.98 million
-1.61%
43 THORChain Yield TCY $ 0.153
$ 32.07M
$ 32.07 million
-2.74%
44 Rujira RUJI $ 0.288
$ 21.43M
$ 21.43 million
-1.81%
45 WazirX WRX $ 0.0500
$ 20.98M
$ 20.98 million
-1.61%
46 Bitrue Coin BTR $ 0.0240
$ 19.26M
$ 19.26 million
-2.87%
47 Minswap MIN $ 0.00822
$ 14.42M
$ 14.42 million
-5.01%
48 ASD ASD $ 0.0180
$ 13.37M
$ 13.37 million
-1.59%
49 MCDex MCB $ 2.38
$ 11.45M
$ 11.45 million
-0.11%
50 CoinEx Token CET $ 0.0292
$ 5.88M
$ 5.88 million
+0.98%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
THENA THE $ 0.244
$ 31.26M
$ 31.26 million
+0.31%
Sun SUN $ 0.0208
$ 399.85M
$ 399.85 million
-0.00%
Gemini dollar GUSD $ 1.00
$ 47.15M
$ 47.15 million
-0.01%
MX Token MX $ 1.95
$ 179.22M
$ 179.22 million
-0.05%
HTX HTX $ 0.0₅178
$ 3.36M
$ 3.36 million
-0.46%
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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