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 $ 633.12
$ 85.33B
$ 85.33 billion
+0.64%
2 Hyperliquid HYPE $ 41.60
$ 12.42B
$ 12.42 billion
+0.80%
3 Cronos CRO $ 0.0702
$ 3.06B
$ 3.06 billion
+0.37%
4 Uniswap UNI $ 3.29
$ 2.10B
$ 2.10 billion
+1.71%
5 OKB OKB $ 84.64
$ 1.78B
$ 1.78 billion
+0.38%
6 Bitget Token BGB $ 1.98
$ 1.39B
$ 1.39 billion
+1.35%
7 KuCoin Token KCS $ 8.54
$ 1.15B
$ 1.15 billion
+0.97%
8 GateToken GT $ 7.35
$ 846.48M
$ 846.48 million
+0.44%
9 Jupiter JUP $ 0.180
$ 638.54M
$ 638.54 million
+4.86%
10 PancakeSwap CAKE $ 1.53
$ 501.57M
$ 501.57 million
+2.31%
11 Aerodrome AERO $ 0.467
$ 432.48M
$ 432.48 million
+10.45%
12 Sun SUN $ 0.0184
$ 353.18M
$ 353.18 million
-0.87%
13 Curve DAO Token CRV $ 0.229
$ 337.38M
$ 337.38 million
+2.29%
14 Raydium RAY $ 0.755
$ 203.06M
$ 203.06 million
+10.91%
15 THORChain RUNE $ 0.510
$ 178.81M
$ 178.81 million
+6.87%
16 MX Token MX $ 1.76
$ 161.93M
$ 161.93 million
+0.02%
17 FTX Token FTT $ 0.292
$ 95.83M
$ 95.83 million
+1.40%
18 KUB Coin KUB $ 0.894
$ 79.60M
$ 79.60 million
+0.41%
19 SUSHI SUSHI $ 0.222
$ 64.20M
$ 64.20 million
-0.01%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.01%
21 Cetus CETUS $ 0.0315
$ 29.44M
$ 29.44 million
+6.78%
22 Osmosis OSMO $ 0.0329
$ 25.38M
$ 25.38 million
+0.37%
23 Loopring LRC $ 0.0171
$ 23.44M
$ 23.44 million
+2.07%
24 Quickswap[New] QUICK $ 0.0113
$ 20.98M
$ 20.98 million
+0.06%
25 Velodrome Finance VELO $ 0.0167
$ 19.28M
$ 19.28 million
+4.60%
26 DODO DODO $ 0.0198
$ 15.41M
$ 15.41 million
-2.89%
27 THENA THE $ 0.103
$ 13.27M
$ 13.27 million
+1.34%
28 Maverick Protocol MAV $ 0.0160
$ 12.87M
$ 12.87 million
+0.05%
29 Balancer BAL $ 0.153
$ 10.46M
$ 10.46 million
+2.70%
30 JOE JOE $ 0.0470
$ 10.28M
$ 10.28 million
+0.65%
31 Bluefin BLUE $ 0.0171
$ 8.09M
$ 8.09 million
-0.07%
32 Pangolin PNG $ 0.0280
$ 6.45M
$ 6.45 million
-0.35%
33 HTX HTX $ 0.0₅182
$ 3.43M
$ 3.43 million
+0.19%
34 IDEX IDEX $ 0.00237
$ 2.36M
$ 2.36 million
+1.34%

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

35 LEO LEO $ 10.29
$ 9.47B
$ 9.47 billion
+0.29%
36 BitMart Token BMX $ 0.321
$ 104.59M
$ 104.59 million
-0.03%
37 Huobi Token HT $ 0.176
$ 87.85M
$ 87.85 million
+1.09%
38 LCX LCX $ 0.0827
$ 78.48M
$ 78.48 million
-19.61%
39 THORSwap THOR $ 0.0641
$ 32.03M
$ 32.03 million
+0.19%
40 THORChain Yield TCY $ 0.143
$ 29.93M
$ 29.93 million
+7.18%
41 VVS Finance VVS $ 0.0₅130
$ 20.93M
$ 20.93 million
+0.56%
42 Rujira RUJI $ 0.221
$ 16.50M
$ 16.50 million
+2.68%
43 WazirX WRX $ 0.0260
$ 10.89M
$ 10.89 million
-11.43%
44 Bitrue Coin BTR $ 0.0134
$ 10.70M
$ 10.70 million
-0.21%
45 ASD ASD $ 0.0131
$ 9.71M
$ 9.71 million
-5.43%
46 Minswap MIN $ 0.00516
$ 9.04M
$ 9.04 million
+1.52%
47 CoinEx Token CET $ 0.0292
$ 5.87M
$ 5.87 million
+1.10%
48 Camelot Token GRAIL $ 77.95
$ 1.95M
$ 1.95 million
-0.51%
49 THORChain (ERC20) RUNE $ 0.508
$ 1.76M
$ 1.76 million
+7.09%
50 Time TIME $ 2.17
$ 1.54M
$ 1.54 million
+0.46%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Raydium RAY $ 0.755
$ 203.06M
$ 203.06 million
+10.91%
Aerodrome AERO $ 0.467
$ 432.48M
$ 432.48 million
+10.45%
THORChain RUNE $ 0.510
$ 178.81M
$ 178.81 million
+6.87%
Cetus CETUS $ 0.0315
$ 29.44M
$ 29.44 million
+6.78%
Jupiter JUP $ 0.180
$ 638.54M
$ 638.54 million
+4.86%
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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