Exchange Tokens

140 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 $ 642.14
$ 87.56B
$ 87.56 billion
-0.21%
2 Hyperliquid HYPE $ 40.00
$ 11.97B
$ 11.97 billion
+0.47%
3 Cronos CRO $ 0.0752
$ 3.18B
$ 3.18 billion
+0.19%
4 Uniswap UNI $ 3.58
$ 2.27B
$ 2.27 billion
-1.19%
5 OKB OKB $ 88.01
$ 1.85B
$ 1.85 billion
-1.11%
6 Bitget Token BGB $ 2.14
$ 1.50B
$ 1.50 billion
-0.03%
7 KuCoin Token KCS $ 8.16
$ 1.08B
$ 1.08 billion
+0.24%
8 GateToken GT $ 6.85
$ 788.43M
$ 788.43 million
+0.86%
9 Jupiter JUP $ 0.159
$ 557.41M
$ 557.41 million
-0.12%
10 PancakeSwap CAKE $ 1.37
$ 452.60M
$ 452.60 million
-2.11%
11 Curve DAO Token CRV $ 0.234
$ 343.34M
$ 343.34 million
-1.28%
12 Sun SUN $ 0.0178
$ 342.12M
$ 342.12 million
+1.23%
13 Aerodrome AERO $ 0.321
$ 296.91M
$ 296.91 million
-0.72%
14 Raydium RAY $ 0.622
$ 167.11M
$ 167.11 million
+0.78%
15 MX Token MX $ 1.79
$ 164.62M
$ 164.62 million
+0.11%
16 THORChain RUNE $ 0.421
$ 147.72M
$ 147.72 million
-0.46%
17 FTX Token FTT $ 0.301
$ 99.13M
$ 99.13 million
+4.87%
18 KUB Coin KUB $ 0.900
$ 80.14M
$ 80.14 million
-0.06%
19 SUSHI SUSHI $ 0.200
$ 58.41M
$ 58.41 million
-1.37%
20 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.02%
21 Loopring LRC $ 0.0241
$ 33.02M
$ 33.02 million
+5.35%
22 Osmosis OSMO $ 0.0330
$ 25.30M
$ 25.30 million
+0.52%
23 Cetus CETUS $ 0.0207
$ 19.12M
$ 19.12 million
+9.62%
24 THENA THE $ 0.145
$ 18.80M
$ 18.80 million
-4.56%
25 Velodrome Finance VELO $ 0.0145
$ 16.16M
$ 16.16 million
-2.61%
26 DODO DODO $ 0.0153
$ 11.88M
$ 11.88 million
-0.10%
27 Balancer BAL $ 0.159
$ 10.80M
$ 10.80 million
-0.00%
28 Maverick Protocol MAV $ 0.0141
$ 10.10M
$ 10.10 million
+1.26%
29 JOE JOE $ 0.0390
$ 8.52M
$ 8.52 million
-1.62%
30 Quickswap[New] QUICK $ 0.0106
$ 7.83M
$ 7.83 million
-1.14%
31 Bluefin BLUE $ 0.0174
$ 6.86M
$ 6.86 million
-1.68%
32 Pangolin PNG $ 0.0284
$ 6.53M
$ 6.53 million
+0.41%
33 IDEX IDEX $ 0.00490
$ 4.90M
$ 4.90 million
+6.24%
34 HTX HTX $ 0.0₅170
$ 3.20M
$ 3.20 million
-0.22%
35 Time TIME $ 2.89
$ 2.05M
$ 2.05 million
-2.20%

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

36 LEO LEO $ 9.23
$ 8.50B
$ 8.50 billion
+0.22%
37 BTSE Token BTSE $ 1.47
$ 238.02M
$ 238.02 million
-2.09%
38 BitMart Token BMX $ 0.301
$ 98.23M
$ 98.23 million
-0.24%
39 Huobi Token HT $ 0.184
$ 92.00M
$ 92.00 million
+2.45%
40 LCX LCX $ 0.0687
$ 65.24M
$ 65.24 million
-7.81%
41 THORSwap THOR $ 0.0617
$ 30.86M
$ 30.86 million
+0.88%
42 THORChain Yield TCY $ 0.141
$ 29.52M
$ 29.52 million
+3.87%
43 VVS Finance VVS $ 0.0₅144
$ 23.22M
$ 23.22 million
-1.34%
44 Rujira RUJI $ 0.230
$ 17.13M
$ 17.13 million
-0.62%
45 Bitrue Coin BTR $ 0.0163
$ 13.09M
$ 13.09 million
-0.37%
46 ASD ASD $ 0.0162
$ 12.04M
$ 12.04 million
+0.06%
47 WazirX WRX $ 0.0243
$ 10.19M
$ 10.19 million
-2.84%
48 Minswap MIN $ 0.00573
$ 10.06M
$ 10.06 million
-1.77%
49 CoinEx Token CET $ 0.0301
$ 6.05M
$ 6.05 million
+0.45%
50 Camelot Token GRAIL $ 81.26
$ 1.98M
$ 1.98 million
-0.72%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Cetus CETUS $ 0.0207
$ 19.12M
$ 19.12 million
+9.62%
IDEX IDEX $ 0.00490
$ 4.90M
$ 4.90 million
+6.24%
Loopring LRC $ 0.0241
$ 33.02M
$ 33.02 million
+5.35%
FTX Token FTT $ 0.301
$ 99.13M
$ 99.13 million
+4.87%
Maverick Protocol MAV $ 0.0141
$ 10.10M
$ 10.10 million
+1.26%
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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