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 $ 592.21
$ 80.75B
$ 80.75 billion
-2.06%
2 Hyperliquid HYPE $ 40.35
$ 12.07B
$ 12.07 billion
-4.32%
3 Cronos CRO $ 0.0683
$ 2.89B
$ 2.89 billion
-1.53%
4 Uniswap UNI $ 3.03
$ 1.92B
$ 1.92 billion
-2.79%
5 OKB OKB $ 83.13
$ 1.75B
$ 1.75 billion
-2.38%
6 Bitget Token BGB $ 1.91
$ 1.33B
$ 1.33 billion
-1.90%
7 KuCoin Token KCS $ 8.29
$ 1.12B
$ 1.12 billion
-2.94%
8 GateToken GT $ 6.59
$ 758.69M
$ 758.69 million
-1.35%
9 Jupiter JUP $ 0.160
$ 566.80M
$ 566.80 million
-2.58%
10 PancakeSwap CAKE $ 1.46
$ 480.96M
$ 480.96 million
-1.48%
11 Sun SUN $ 0.0182
$ 350.91M
$ 350.91 million
+1.53%
12 Aerodrome AERO $ 0.365
$ 335.65M
$ 335.65 million
-6.61%
13 Curve DAO Token CRV $ 0.210
$ 308.93M
$ 308.93 million
-3.38%
14 Raydium RAY $ 0.629
$ 168.83M
$ 168.83 million
-3.44%
15 MX Token MX $ 1.77
$ 162.58M
$ 162.58 million
-0.36%
16 THORChain RUNE $ 0.387
$ 135.79M
$ 135.79 million
-2.90%
17 FTX Token FTT $ 0.288
$ 94.72M
$ 94.72 million
-1.85%
18 KUB Coin KUB $ 0.842
$ 74.91M
$ 74.91 million
-0.39%
19 SUSHI SUSHI $ 0.191
$ 55.06M
$ 55.06 million
-0.57%
20 Gemini dollar GUSD $ 1.00
$ 35.69M
$ 35.69 million
+0.04%
21 Osmosis OSMO $ 0.0304
$ 23.41M
$ 23.41 million
-2.05%
22 Loopring LRC $ 0.0166
$ 22.68M
$ 22.68 million
+0.66%
23 Quickswap[New] QUICK $ 0.00994
$ 18.48M
$ 18.48 million
-1.19%
24 Cetus CETUS $ 0.0192
$ 17.74M
$ 17.74 million
-0.87%
25 Velodrome Finance VELO $ 0.0153
$ 17.42M
$ 17.42 million
-3.34%
26 THENA THE $ 0.0978
$ 12.54M
$ 12.54 million
-1.98%
27 DODO DODO $ 0.0150
$ 11.73M
$ 11.73 million
-0.58%
28 Maverick Protocol MAV $ 0.0144
$ 11.59M
$ 11.59 million
+0.97%
29 Balancer BAL $ 0.152
$ 10.37M
$ 10.37 million
-12.14%
30 JOE JOE $ 0.0457
$ 10.01M
$ 10.01 million
+0.27%
31 Bluefin BLUE $ 0.0163
$ 7.29M
$ 7.29 million
-3.55%
32 Pangolin PNG $ 0.0280
$ 6.45M
$ 6.45 million
-0.09%
33 HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
+1.08%
34 IDEX IDEX $ 0.00247
$ 2.47M
$ 2.47 million
+10.09%

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

35 LEO LEO $ 10.13
$ 9.32B
$ 9.32 billion
+0.04%
36 BTSE Token BTSE $ 1.16
$ 187.28M
$ 187.28 million
-1.55%
37 BitMart Token BMX $ 0.328
$ 107.00M
$ 107.00 million
-1.02%
38 Huobi Token HT $ 0.174
$ 87.20M
$ 87.20 million
+2.29%
39 LCX LCX $ 0.0807
$ 76.60M
$ 76.60 million
+107.97%
40 THORSwap THOR $ 0.0514
$ 25.68M
$ 25.68 million
-8.97%
41 THORChain Yield TCY $ 0.110
$ 23.19M
$ 23.19 million
-3.59%
42 VVS Finance VVS $ 0.0₅128
$ 20.60M
$ 20.60 million
-1.43%
43 Bitrue Coin BTR $ 0.0156
$ 12.53M
$ 12.53 million
-0.96%
44 Rujira RUJI $ 0.167
$ 12.45M
$ 12.45 million
-2.45%
45 ASD ASD $ 0.0156
$ 11.59M
$ 11.59 million
-0.06%
46 WazirX WRX $ 0.0254
$ 10.66M
$ 10.66 million
-8.39%
47 Minswap MIN $ 0.00495
$ 8.68M
$ 8.68 million
-4.88%
48 CoinEx Token CET $ 0.0294
$ 5.92M
$ 5.92 million
-1.26%
49 Camelot Token GRAIL $ 67.78
$ 1.68M
$ 1.68 million
-1.47%
50 Time TIME $ 2.18
$ 1.55M
$ 1.55 million
-2.26%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
IDEX IDEX $ 0.00247
$ 2.47M
$ 2.47 million
+10.09%
Sun SUN $ 0.0182
$ 350.91M
$ 350.91 million
+1.53%
HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
+1.08%
Maverick Protocol MAV $ 0.0144
$ 11.59M
$ 11.59 million
+0.97%
Loopring LRC $ 0.0166
$ 22.68M
$ 22.68 million
+0.66%
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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