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 $ 635.60
$ 85.65B
$ 85.65 billion
-1.59%
2 Hyperliquid HYPE $ 41.34
$ 12.35B
$ 12.35 billion
+0.39%
3 Cronos CRO $ 0.0698
$ 3.04B
$ 3.04 billion
-0.79%
4 Uniswap UNI $ 3.25
$ 2.07B
$ 2.07 billion
-4.84%
5 OKB OKB $ 83.44
$ 1.75B
$ 1.75 billion
-2.14%
6 Bitget Token BGB $ 1.94
$ 1.36B
$ 1.36 billion
-0.43%
7 KuCoin Token KCS $ 8.41
$ 1.13B
$ 1.13 billion
-2.02%
8 GateToken GT $ 7.35
$ 846.77M
$ 846.77 million
-1.45%
9 Jupiter JUP $ 0.170
$ 605.17M
$ 605.17 million
-4.10%
10 PancakeSwap CAKE $ 1.50
$ 492.30M
$ 492.30 million
-1.44%
11 Aerodrome AERO $ 0.440
$ 407.56M
$ 407.56 million
+3.66%
12 Sun SUN $ 0.0189
$ 363.15M
$ 363.15 million
+0.59%
13 Curve DAO Token CRV $ 0.220
$ 323.57M
$ 323.57 million
-6.56%
14 Raydium RAY $ 0.663
$ 178.02M
$ 178.02 million
-2.22%
15 THORChain RUNE $ 0.479
$ 167.97M
$ 167.97 million
-2.16%
16 MX Token MX $ 1.77
$ 162.27M
$ 162.27 million
-0.13%
17 BitMart Token BMX $ 0.320
$ 104.36M
$ 104.36 million
-0.34%
18 FTX Token FTT $ 0.288
$ 94.67M
$ 94.67 million
-3.19%
19 KUB Coin KUB $ 0.878
$ 78.19M
$ 78.19 million
-1.15%
20 SUSHI SUSHI $ 0.221
$ 63.76M
$ 63.76 million
-7.06%
21 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.02%
22 Cetus CETUS $ 0.0264
$ 24.71M
$ 24.71 million
-9.41%
23 Osmosis OSMO $ 0.0319
$ 24.63M
$ 24.63 million
-1.60%
24 Loopring LRC $ 0.0172
$ 23.48M
$ 23.48 million
-1.49%
25 Quickswap[New] QUICK $ 0.0114
$ 21.13M
$ 21.13 million
-3.10%
26 VVS Finance VVS $ 0.0₅129
$ 20.72M
$ 20.72 million
-1.76%
27 Velodrome Finance VELO $ 0.0165
$ 19.05M
$ 19.05 million
+3.21%
28 DODO DODO $ 0.0195
$ 15.16M
$ 15.16 million
+9.12%
29 THENA THE $ 0.104
$ 13.32M
$ 13.32 million
-4.60%
30 Maverick Protocol MAV $ 0.0162
$ 13.03M
$ 13.03 million
+3.59%
31 JOE JOE $ 0.0495
$ 10.83M
$ 10.83 million
-0.65%
32 Balancer BAL $ 0.150
$ 10.19M
$ 10.19 million
-2.27%
33 Bluefin BLUE $ 0.0174
$ 8.29M
$ 8.29 million
-0.50%
34 Pangolin PNG $ 0.0296
$ 6.83M
$ 6.83 million
+1.54%
35 HTX HTX $ 0.0₅183
$ 3.46M
$ 3.46 million
+0.23%
36 IDEX IDEX $ 0.00239
$ 2.40M
$ 2.40 million
-0.75%

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

37 LEO LEO $ 10.29
$ 9.47B
$ 9.47 billion
+0.40%
38 LCX LCX $ 0.106
$ 100.26M
$ 100.26 million
+8.15%
39 Huobi Token HT $ 0.170
$ 85.15M
$ 85.15 million
-0.52%
40 THORSwap THOR $ 0.0642
$ 32.08M
$ 32.08 million
+1.50%
41 THORChain Yield TCY $ 0.138
$ 29.00M
$ 29.00 million
+1.28%
42 Rujira RUJI $ 0.211
$ 15.75M
$ 15.75 million
-2.19%
43 WazirX WRX $ 0.0305
$ 12.78M
$ 12.78 million
-3.60%
44 Bitrue Coin BTR $ 0.0138
$ 11.06M
$ 11.06 million
-3.21%
45 ASD ASD $ 0.0138
$ 10.25M
$ 10.25 million
-2.82%
46 Minswap MIN $ 0.00520
$ 9.12M
$ 9.12 million
-2.54%
47 MCDex MCB $ 1.54
$ 7.39M
$ 7.39 million
-2.13%
48 CoinEx Token CET $ 0.0284
$ 5.72M
$ 5.72 million
-2.42%
49 Camelot Token GRAIL $ 77.68
$ 1.96M
$ 1.96 million
-2.59%
50 Time TIME $ 2.44
$ 1.73M
$ 1.73 million
-14.48%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
DODO DODO $ 0.0195
$ 15.16M
$ 15.16 million
+9.12%
Aerodrome AERO $ 0.440
$ 407.56M
$ 407.56 million
+3.66%
Maverick Protocol MAV $ 0.0162
$ 13.03M
$ 13.03 million
+3.59%
Velodrome Finance VELO $ 0.0165
$ 19.05M
$ 19.05 million
+3.21%
Pangolin PNG $ 0.0296
$ 6.83M
$ 6.83 million
+1.54%
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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