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 $ 625.71
$ 84.34B
$ 84.34 billion
+0.21%
2 Hyperliquid HYPE $ 40.40
$ 12.06B
$ 12.06 billion
-0.37%
3 Cronos CRO $ 0.0690
$ 3.00B
$ 3.00 billion
-0.52%
4 Uniswap UNI $ 3.27
$ 2.08B
$ 2.08 billion
+1.39%
5 OKB OKB $ 83.18
$ 1.75B
$ 1.75 billion
-0.63%
6 Bitget Token BGB $ 1.97
$ 1.38B
$ 1.38 billion
+0.50%
7 KuCoin Token KCS $ 8.55
$ 1.15B
$ 1.15 billion
+1.56%
8 GateToken GT $ 7.34
$ 844.31M
$ 844.31 million
+0.27%
9 Jupiter JUP $ 0.187
$ 622.13M
$ 622.13 million
-2.59%
10 PancakeSwap CAKE $ 1.51
$ 495.33M
$ 495.33 million
+1.09%
11 Aerodrome AERO $ 0.474
$ 438.91M
$ 438.91 million
+2.44%
12 Sun SUN $ 0.0184
$ 353.51M
$ 353.51 million
+0.85%
13 Curve DAO Token CRV $ 0.231
$ 340.95M
$ 340.95 million
+1.94%
14 Raydium RAY $ 0.768
$ 206.63M
$ 206.63 million
+2.01%
15 THORChain RUNE $ 0.513
$ 180.43M
$ 180.43 million
+2.11%
16 MX Token MX $ 1.76
$ 162.01M
$ 162.01 million
-0.00%
17 FTX Token FTT $ 0.290
$ 95.50M
$ 95.50 million
-0.12%
18 KUB Coin KUB $ 0.883
$ 78.59M
$ 78.59 million
+1.30%
19 SUSHI SUSHI $ 0.213
$ 61.84M
$ 61.84 million
+1.16%
20 Gemini dollar GUSD $ 1.00
$ 35.70M
$ 35.70 million
-0.03%
21 Cetus CETUS $ 0.0288
$ 26.94M
$ 26.94 million
-6.69%
22 Osmosis OSMO $ 0.0316
$ 24.37M
$ 24.37 million
+0.35%
23 Loopring LRC $ 0.0173
$ 23.64M
$ 23.64 million
+3.59%
24 Velodrome Finance VELO $ 0.0179
$ 20.67M
$ 20.67 million
-0.12%
25 Quickswap[New] QUICK $ 0.0111
$ 20.64M
$ 20.64 million
-0.09%
26 DODO DODO $ 0.0194
$ 15.10M
$ 15.10 million
+0.48%
27 THENA THE $ 0.102
$ 13.10M
$ 13.10 million
+0.38%
28 Maverick Protocol MAV $ 0.0158
$ 12.69M
$ 12.69 million
+1.22%
29 Balancer BAL $ 0.148
$ 10.10M
$ 10.10 million
-1.36%
30 JOE JOE $ 0.0460
$ 10.06M
$ 10.06 million
+1.54%
31 Bluefin BLUE $ 0.0165
$ 7.85M
$ 7.85 million
-1.16%
32 Pangolin PNG $ 0.0277
$ 6.39M
$ 6.39 million
-0.94%
33 HTX HTX $ 0.0₅182
$ 3.43M
$ 3.43 million
-0.49%
34 IDEX IDEX $ 0.00171
$ 1.71M
$ 1.71 million
-26.44%

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

35 LEO LEO $ 10.37
$ 9.55B
$ 9.55 billion
-0.07%
36 BitMart Token BMX $ 0.323
$ 105.27M
$ 105.27 million
+0.71%
37 Huobi Token HT $ 0.163
$ 81.70M
$ 81.70 million
-2.15%
38 LCX LCX $ 0.0775
$ 73.58M
$ 73.58 million
-4.06%
39 THORSwap THOR $ 0.0611
$ 30.55M
$ 30.55 million
+0.00%
40 THORChain Yield TCY $ 0.145
$ 30.48M
$ 30.48 million
+3.74%
41 VVS Finance VVS $ 0.0₅127
$ 20.43M
$ 20.43 million
-0.85%
42 Rujira RUJI $ 0.246
$ 18.37M
$ 18.37 million
+10.45%
43 WazirX WRX $ 0.0268
$ 11.24M
$ 11.24 million
+3.55%
44 Bitrue Coin BTR $ 0.0132
$ 10.57M
$ 10.57 million
+0.59%
45 Minswap MIN $ 0.00509
$ 8.92M
$ 8.92 million
+0.13%
46 ASD ASD $ 0.00936
$ 6.95M
$ 6.95 million
-22.84%
47 CoinEx Token CET $ 0.0284
$ 5.72M
$ 5.72 million
-0.13%
48 Camelot Token GRAIL $ 71.56
$ 1.80M
$ 1.80 million
-2.40%
49 THORChain (ERC20) RUNE $ 0.513
$ 1.78M
$ 1.78 million
+2.01%
50 LATOKEN LA $ 0.00340
$ 1.36M
$ 1.36 million
-0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Loopring LRC $ 0.0173
$ 23.64M
$ 23.64 million
+3.59%
Aerodrome AERO $ 0.474
$ 438.91M
$ 438.91 million
+2.44%
THORChain RUNE $ 0.513
$ 180.43M
$ 180.43 million
+2.11%
Raydium RAY $ 0.768
$ 206.63M
$ 206.63 million
+2.01%
Curve DAO Token CRV $ 0.231
$ 340.95M
$ 340.95 million
+1.94%
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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