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 $ 577.67
$ 76.94B
$ 76.94 billion
+2.04%
2 Hyperliquid HYPE $ 62.95
$ 18.81B
$ 18.81 billion
+3.82%
3 Cronos CRO $ 0.0581
$ 2.75B
$ 2.75 billion
+0.75%
4 Uniswap UNI $ 3.71
$ 2.32B
$ 2.32 billion
+7.81%
5 OKB OKB $ 82.17
$ 1.73B
$ 1.73 billion
+2.52%
6 Bitget Token BGB $ 1.66
$ 1.16B
$ 1.16 billion
+1.09%
7 KuCoin Token KCS $ 6.79
$ 931.38M
$ 931.38 million
+2.68%
8 GateToken GT $ 6.77
$ 744.99M
$ 744.99 million
+1.24%
9 Jupiter JUP $ 0.199
$ 662.16M
$ 662.16 million
+1.32%
10 PancakeSwap CAKE $ 1.41
$ 456.29M
$ 456.29 million
+2.07%
11 Aerodrome AERO $ 0.436
$ 422.50M
$ 422.50 million
-2.88%
12 Sun SUN $ 0.0188
$ 361.52M
$ 361.52 million
+1.69%
13 Curve DAO Token CRV $ 0.217
$ 333.50M
$ 333.50 million
+3.31%
14 Raydium RAY $ 0.719
$ 193.68M
$ 193.68 million
+6.21%
15 THORChain RUNE $ 0.455
$ 153.85M
$ 153.85 million
+3.30%
16 MX Token MX $ 1.66
$ 152.64M
$ 152.64 million
-0.01%
17 FTX Token FTT $ 0.209
$ 68.83M
$ 68.83 million
+1.63%
18 KUB Coin KUB $ 0.716
$ 63.44M
$ 63.44 million
+1.00%
19 SUSHI SUSHI $ 0.171
$ 49.98M
$ 49.98 million
+1.95%
20 Gemini dollar GUSD $ 1.00
$ 29.51M
$ 29.51 million
+0.04%
21 Osmosis OSMO $ 0.0333
$ 26.07M
$ 26.07 million
+3.97%
22 Velodrome Finance VELO $ 0.0182
$ 22.71M
$ 22.71 million
-2.79%
23 LCX LCX $ 0.0243
$ 22.29M
$ 22.29 million
+2.48%
24 Cetus CETUS $ 0.0195
$ 18.68M
$ 18.68 million
+3.12%
25 Loopring LRC $ 0.0122
$ 16.73M
$ 16.73 million
+0.91%
26 Quickswap[New] QUICK $ 0.00814
$ 15.37M
$ 15.37 million
+4.70%
27 DODO DODO $ 0.0163
$ 12.59M
$ 12.59 million
-15.89%
28 Maverick Protocol MAV $ 0.00893
$ 9.35M
$ 9.35 million
+1.46%
29 THENA THE $ 0.0533
$ 7.51M
$ 7.51 million
+2.02%
30 Balancer BAL $ 0.102
$ 7.07M
$ 7.07 million
+4.01%
31 JOE JOE $ 0.0277
$ 6.06M
$ 6.06 million
+3.88%
32 Minswap MIN $ 0.00307
$ 5.31M
$ 5.31 million
+1.58%
33 Bluefin BLUE $ 0.00931
$ 5.08M
$ 5.08 million
+2.39%
34 Pangolin PNG $ 0.0214
$ 5.04M
$ 5.04 million
+1.82%
35 HTX HTX $ 0.0₅185
$ 3.87M
$ 3.87 million
+0.43%
36 IDEX IDEX $ 0.00125
$ 1.25M
$ 1.25 million
+3.16%
37 SAROS SAROS $ 0.000367
$ 983,351
$ 983,351
-10.87%

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

38 LEO LEO $ 9.73
$ 8.95B
$ 8.95 billion
+0.71%
39 BitMart Token BMX $ 0.318
$ 103.62M
$ 103.62 million
+3.93%
40 THORChain Yield TCY $ 0.127
$ 26.68M
$ 26.68 million
+5.05%
41 THORSwap THOR $ 0.0391
$ 19.54M
$ 19.54 million
+3.81%
42 Huobi Token HT $ 0.0387
$ 19.34M
$ 19.34 million
-50.80%
43 VVS Finance VVS $ 0.0₅101
$ 16.23M
$ 16.23 million
+0.41%
44 Rujira RUJI $ 0.190
$ 14.17M
$ 14.17 million
+1.78%
45 MCDex MCB $ 1.87
$ 8.96M
$ 8.96 million
+0.01%
46 Bitrue Coin BTR $ 0.00953
$ 7.64M
$ 7.64 million
-1.25%
47 WazirX WRX $ 0.0167
$ 7.00M
$ 7.00 million
-12.61%
48 Time TIME $ 8.39
$ 5.96M
$ 5.96 million
-5.32%
49 CoinEx Token CET $ 0.0127
$ 2.55M
$ 2.55 million
+0.46%
50 THORChain (ERC20) RUNE $ 0.454
$ 1.57M
$ 1.57 million
+3.26%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Uniswap UNI $ 3.71
$ 2.32B
$ 2.32 billion
+7.81%
Raydium RAY $ 0.719
$ 193.68M
$ 193.68 million
+6.21%
Quickswap[New] QUICK $ 0.00814
$ 15.37M
$ 15.37 million
+4.70%
Balancer BAL $ 0.102
$ 7.07M
$ 7.07 million
+4.01%
Osmosis OSMO $ 0.0333
$ 26.07M
$ 26.07 million
+3.97%
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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