Exchange Tokens

147 coins #18

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Live Price Market cap 24h
1 BNB BNB $ 580.55
$ 78.25B
$ 78.25 billion
+3.08%
2 Hyperliquid HYPE $ 65.32
$ 19.52B
$ 19.52 billion
+2.94%
3 Cronos CRO $ 0.0557
$ 2.57B
$ 2.57 billion
+2.55%
4 Uniswap UNI $ 3.67
$ 2.28B
$ 2.28 billion
+4.32%
5 OKB OKB $ 81.42
$ 1.71B
$ 1.71 billion
+1.93%
6 Bitget Token BGB $ 1.68
$ 1.17B
$ 1.17 billion
+2.66%
7 KuCoin Token KCS $ 6.99
$ 959.09M
$ 959.09 million
+4.18%
8 GateToken GT $ 6.74
$ 741.45M
$ 741.45 million
+1.40%
9 Jupiter JUP $ 0.214
$ 709.00M
$ 709.00 million
+1.04%
10 Aerodrome AERO $ 0.503
$ 485.03M
$ 485.03 million
+4.11%
11 PancakeSwap CAKE $ 1.41
$ 455.25M
$ 455.25 million
+2.59%
12 Sun SUN $ 0.0182
$ 349.11M
$ 349.11 million
-0.12%
13 Curve DAO Token CRV $ 0.222
$ 341.75M
$ 341.75 million
+4.28%
14 Raydium RAY $ 0.683
$ 184.06M
$ 184.06 million
+3.08%
15 MX Token MX $ 1.66
$ 152.24M
$ 152.24 million
+1.06%
16 THORChain RUNE $ 0.415
$ 140.61M
$ 140.61 million
+3.47%
17 FTX Token FTT $ 0.216
$ 70.94M
$ 70.94 million
+1.41%
18 KUB Coin KUB $ 0.718
$ 63.93M
$ 63.93 million
+0.59%
19 SUSHI SUSHI $ 0.165
$ 48.35M
$ 48.35 million
+4.99%
20 Gemini dollar GUSD $ 1.00
$ 29.77M
$ 29.77 million
-0.02%
21 Velodrome Finance VELO $ 0.0214
$ 26.60M
$ 26.60 million
+5.39%
22 Osmosis OSMO $ 0.0339
$ 26.40M
$ 26.40 million
+1.19%
23 Cetus CETUS $ 0.0186
$ 17.80M
$ 17.80 million
+4.93%
24 DODO DODO $ 0.0195
$ 15.14M
$ 15.14 million
-13.79%
25 Loopring LRC $ 0.0107
$ 14.68M
$ 14.68 million
-0.14%
26 Quickswap[New] QUICK $ 0.00772
$ 14.58M
$ 14.58 million
+2.92%
27 Maverick Protocol MAV $ 0.00935
$ 8.04M
$ 8.04 million
+2.51%
28 THENA THE $ 0.0569
$ 8.04M
$ 8.04 million
+6.02%
29 Balancer BAL $ 0.0960
$ 6.65M
$ 6.65 million
+1.10%
30 JOE JOE $ 0.0281
$ 6.15M
$ 6.15 million
+4.41%
31 Bluefin BLUE $ 0.00905
$ 4.99M
$ 4.99 million
+0.13%
32 Pangolin PNG $ 0.0210
$ 4.95M
$ 4.95 million
-0.23%
33 HTX HTX $ 0.0₅182
$ 3.80M
$ 3.80 million
-0.04%
34 IDEX IDEX $ 0.00122
$ 1.22M
$ 1.22 million
-6.26%
35 SAROS SAROS $ 0.000397
$ 1.05M
$ 1.05 million
-6.68%

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

36 LEO LEO $ 9.57
$ 8.80B
$ 8.80 billion
+0.60%
37 BTSE Token BTSE $ 0.991
$ 160.59M
$ 160.59 million
+0.54%
38 BitMart Token BMX $ 0.321
$ 104.86M
$ 104.86 million
+0.84%
39 Huobi Token HT $ 0.0801
$ 40.06M
$ 40.06 million
+2.08%
40 THORChain Yield TCY $ 0.107
$ 22.38M
$ 22.38 million
+6.10%
41 LCX LCX $ 0.0222
$ 20.43M
$ 20.43 million
-4.13%
42 THORSwap THOR $ 0.0349
$ 17.47M
$ 17.47 million
+0.43%
43 Rujira RUJI $ 0.213
$ 15.85M
$ 15.85 million
+2.01%
44 VVS Finance VVS $ 0.0₆969
$ 15.61M
$ 15.61 million
+2.04%
45 MCDex MCB $ 1.87
$ 8.97M
$ 8.97 million
-0.05%
46 Bitrue Coin BTR $ 0.00976
$ 7.82M
$ 7.82 million
+1.33%
47 WazirX WRX $ 0.0183
$ 7.68M
$ 7.68 million
-4.93%
48 Time TIME $ 9.62
$ 6.83M
$ 6.83 million
+45.81%
49 Minswap MIN $ 0.00301
$ 5.19M
$ 5.19 million
+2.74%
50 CoinEx Token CET $ 0.0127
$ 2.54M
$ 2.54 million
+0.98%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
THENA THE $ 0.0569
$ 8.04M
$ 8.04 million
+6.02%
Velodrome Finance VELO $ 0.0214
$ 26.60M
$ 26.60 million
+5.39%
SUSHI SUSHI $ 0.165
$ 48.35M
$ 48.35 million
+4.99%
Cetus CETUS $ 0.0186
$ 17.80M
$ 17.80 million
+4.93%
JOE JOE $ 0.0281
$ 6.15M
$ 6.15 million
+4.41%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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