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 $ 627.60
$ 85.60B
$ 85.60 billion
+6.96%
2 Hyperliquid HYPE $ 28.63
$ 8.60B
$ 8.60 billion
+6.02%
3 LEO LEO $ 8.78
$ 8.09B
$ 8.09 billion
+10.36%
4 Cronos CRO $ 0.0799
$ 3.28B
$ 3.28 billion
+6.79%
5 Uniswap UNI $ 4.06
$ 2.57B
$ 2.57 billion
+19.71%
6 OKB OKB $ 78.41
$ 1.65B
$ 1.65 billion
+6.22%
7 Bitget Token BGB $ 2.24
$ 1.57B
$ 1.57 billion
+2.09%
8 KuCoin Token KCS $ 8.93
$ 1.18B
$ 1.18 billion
+7.94%
9 GateToken GT $ 7.19
$ 827.93M
$ 827.93 million
+6.15%
10 Jupiter JUP $ 0.160
$ 518.28M
$ 518.28 million
+10.15%
11 PancakeSwap CAKE $ 1.33
$ 441.09M
$ 441.09 million
+10.30%
12 Curve DAO Token CRV $ 0.259
$ 379.51M
$ 379.51 million
+14.31%
13 Aerodrome AERO $ 0.371
$ 341.48M
$ 341.48 million
+14.94%
14 Sun SUN $ 0.0166
$ 318.65M
$ 318.65 million
+1.02%
15 Raydium RAY $ 0.656
$ 176.50M
$ 176.50 million
+10.81%
16 MX Token MX $ 1.80
$ 165.45M
$ 165.45 million
+0.56%
17 THORChain RUNE $ 0.423
$ 148.37M
$ 148.37 million
+9.02%
18 FTX Token FTT $ 0.331
$ 108.29M
$ 108.29 million
+5.80%
19 KUB Coin KUB $ 1.04
$ 92.29M
$ 92.29 million
-1.37%
20 SUSHI SUSHI $ 0.222
$ 65.06M
$ 65.06 million
+14.34%
21 Loopring LRC $ 0.0369
$ 50.71M
$ 50.71 million
+11.86%
22 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
-0.02%
23 THENA THE $ 0.264
$ 33.06M
$ 33.06 million
+9.81%
24 Osmosis OSMO $ 0.0364
$ 27.76M
$ 27.76 million
+6.03%
25 VVS Finance VVS $ 0.0₅154
$ 24.77M
$ 24.77 million
+5.57%
26 Velodrome Finance VELO $ 0.0163
$ 17.72M
$ 17.72 million
+14.71%
27 Cetus CETUS $ 0.0166
$ 15.16M
$ 15.16 million
+8.61%
28 DODO DODO $ 0.0148
$ 11.58M
$ 11.58 million
+3.08%
29 Maverick Protocol MAV $ 0.0149
$ 10.71M
$ 10.71 million
+5.81%
30 Balancer BAL $ 0.145
$ 9.83M
$ 9.83 million
+7.95%
31 JOE JOE $ 0.0383
$ 8.36M
$ 8.36 million
+11.44%
32 Bluefin BLUE $ 0.0201
$ 7.93M
$ 7.93 million
+7.98%
33 Quickswap[New] QUICK $ 0.00993
$ 7.38M
$ 7.38 million
+12.79%
34 IDEX IDEX $ 0.00678
$ 6.79M
$ 6.79 million
+7.69%
35 Pangolin PNG $ 0.0247
$ 5.68M
$ 5.68 million
+4.62%
36 HTX HTX $ 0.0₅166
$ 3.13M
$ 3.13 million
+0.91%
37 Time TIME $ 2.99
$ 2.12M
$ 2.12 million
+1.83%

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

38 Huobi Token HT $ 0.226
$ 113.05M
$ 113.05 million
+9.33%
39 BitMart Token BMX $ 0.344
$ 112.29M
$ 112.29 million
+4.46%
40 Tokenize Xchange TKX $ 1.36
$ 109.16M
$ 109.16 million
+6.10%
41 LCX LCX $ 0.0466
$ 44.28M
$ 44.28 million
+7.94%
42 THORSwap THOR $ 0.0581
$ 29.06M
$ 29.06 million
+3.54%
43 THORChain Yield TCY $ 0.111
$ 23.36M
$ 23.36 million
+13.68%
44 Rujira RUJI $ 0.253
$ 18.81M
$ 18.81 million
+5.59%
45 WazirX WRX $ 0.0383
$ 16.05M
$ 16.05 million
+0.98%
46 Bitrue Coin BTR $ 0.0193
$ 15.44M
$ 15.44 million
+5.31%
47 ASD ASD $ 0.0184
$ 13.68M
$ 13.68 million
+1.99%
48 Minswap MIN $ 0.00629
$ 11.04M
$ 11.04 million
+10.08%
49 MCDex MCB $ 1.90
$ 9.13M
$ 9.13 million
+0.25%
50 CoinEx Token CET $ 0.0279
$ 5.61M
$ 5.61 million
+1.99%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Uniswap UNI $ 4.06
$ 2.57B
$ 2.57 billion
+19.71%
Aerodrome AERO $ 0.371
$ 341.48M
$ 341.48 million
+14.94%
Velodrome Finance VELO $ 0.0163
$ 17.72M
$ 17.72 million
+14.71%
SUSHI SUSHI $ 0.222
$ 65.06M
$ 65.06 million
+14.34%
Curve DAO Token CRV $ 0.259
$ 379.51M
$ 379.51 million
+14.31%
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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