Exchange Tokens

143 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 $ 612.67
$ 83.55B
$ 83.55 billion
+0.13%
2 Hyperliquid HYPE $ 39.77
$ 11.89B
$ 11.89 billion
+3.29%
3 Cronos CRO $ 0.0714
$ 3.02B
$ 3.02 billion
+0.24%
4 Uniswap UNI $ 3.39
$ 2.15B
$ 2.15 billion
+0.37%
5 OKB OKB $ 84.99
$ 1.78B
$ 1.78 billion
+2.50%
6 Bitget Token BGB $ 1.95
$ 1.36B
$ 1.36 billion
+0.54%
7 KuCoin Token KCS $ 7.94
$ 1.05B
$ 1.05 billion
+1.00%
8 GateToken GT $ 6.55
$ 754.56M
$ 754.56 million
+1.26%
9 Jupiter JUP $ 0.144
$ 513.01M
$ 513.01 million
+1.67%
10 PancakeSwap CAKE $ 1.38
$ 452.93M
$ 452.93 million
+0.78%
11 Sun SUN $ 0.0171
$ 329.11M
$ 329.11 million
+0.95%
12 Curve DAO Token CRV $ 0.212
$ 311.95M
$ 311.95 million
+1.75%
13 Aerodrome AERO $ 0.325
$ 301.82M
$ 301.82 million
+1.70%
14 MX Token MX $ 1.78
$ 163.53M
$ 163.53 million
-0.04%
15 Raydium RAY $ 0.571
$ 153.42M
$ 153.42 million
+1.27%
16 THORChain RUNE $ 0.399
$ 139.94M
$ 139.94 million
+1.05%
17 BitMart Token BMX $ 0.320
$ 104.31M
$ 104.31 million
-4.01%
18 FTX Token FTT $ 0.284
$ 93.44M
$ 93.44 million
+0.21%
19 KUB Coin KUB $ 0.833
$ 74.07M
$ 74.07 million
-2.46%
20 SUSHI SUSHI $ 0.189
$ 55.25M
$ 55.25 million
-0.08%
21 LCX LCX $ 0.0409
$ 38.81M
$ 38.81 million
+2.87%
22 Gemini dollar GUSD $ 1.00
$ 35.74M
$ 35.74 million
+0.12%
23 Loopring LRC $ 0.0226
$ 30.94M
$ 30.94 million
+0.18%
24 Cetus CETUS $ 0.0273
$ 25.20M
$ 25.20 million
+6.25%
25 Osmosis OSMO $ 0.0298
$ 22.88M
$ 22.88 million
-0.46%
26 Quickswap[New] QUICK $ 0.00903
$ 16.77M
$ 16.77 million
-2.31%
27 Velodrome Finance VELO $ 0.0140
$ 15.78M
$ 15.78 million
+0.67%
28 THENA THE $ 0.102
$ 13.09M
$ 13.09 million
-6.24%
29 DODO DODO $ 0.0140
$ 10.92M
$ 10.92 million
+0.10%
30 Balancer BAL $ 0.145
$ 9.86M
$ 9.86 million
-0.64%
31 Maverick Protocol MAV $ 0.0129
$ 9.25M
$ 9.25 million
-0.05%
32 JOE JOE $ 0.0361
$ 7.89M
$ 7.89 million
-2.80%
33 Bluefin BLUE $ 0.0166
$ 7.47M
$ 7.47 million
-0.42%
34 Pangolin PNG $ 0.0288
$ 6.64M
$ 6.64 million
+0.17%
35 IDEX IDEX $ 0.00359
$ 3.59M
$ 3.59 million
+16.00%
36 HTX HTX $ 0.0₅171
$ 3.23M
$ 3.23 million
+0.85%
37 Time TIME $ 2.51
$ 1.78M
$ 1.78 million
+7.15%

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

38 LEO LEO $ 9.64
$ 8.88B
$ 8.88 billion
+0.70%
39 Huobi Token HT $ 0.100
$ 50.00M
$ 50.00 million
-2.91%
40 THORChain Yield TCY $ 0.131
$ 27.46M
$ 27.46 million
-0.64%
41 THORSwap THOR $ 0.0486
$ 24.29M
$ 24.29 million
-1.19%
42 VVS Finance VVS $ 0.0₅137
$ 22.04M
$ 22.04 million
-0.31%
43 Rujira RUJI $ 0.207
$ 15.41M
$ 15.41 million
+0.91%
44 Bitrue Coin BTR $ 0.0162
$ 13.01M
$ 13.01 million
-1.76%
45 ASD ASD $ 0.0152
$ 11.31M
$ 11.31 million
+0.13%
46 Minswap MIN $ 0.00525
$ 9.21M
$ 9.21 million
-0.13%
47 WazirX WRX $ 0.0218
$ 9.15M
$ 9.15 million
+4.90%
48 CoinEx Token CET $ 0.0292
$ 5.87M
$ 5.87 million
-1.62%
49 Camelot Token GRAIL $ 80.76
$ 1.97M
$ 1.97 million
+2.35%
50 LATOKEN LA $ 0.00419
$ 1.68M
$ 1.68 million
-10.66%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
IDEX IDEX $ 0.00359
$ 3.59M
$ 3.59 million
+16.00%
Time TIME $ 2.51
$ 1.78M
$ 1.78 million
+7.15%
Cetus CETUS $ 0.0273
$ 25.20M
$ 25.20 million
+6.25%
Hyperliquid HYPE $ 39.77
$ 11.89B
$ 11.89 billion
+3.29%
LCX LCX $ 0.0409
$ 38.81M
$ 38.81 million
+2.87%
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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