Exchange Tokens

139 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 $ 756.30
$ 103.20B
$ 103.20 billion
-6.62%
2 Hyperliquid HYPE $ 29.19
$ 8.81B
$ 8.81 billion
-0.41%
3 LEO LEO $ 8.58
$ 7.91B
$ 7.91 billion
-5.96%
4 Cronos CRO $ 0.0805
$ 3.21B
$ 3.21 billion
+0.61%
5 Uniswap UNI $ 3.85
$ 2.45B
$ 2.45 billion
-2.99%
6 Bitget Token BGB $ 3.14
$ 2.20B
$ 2.20 billion
-5.90%
7 OKB OKB $ 88.16
$ 1.85B
$ 1.85 billion
-6.59%
8 KuCoin Token KCS $ 9.07
$ 1.20B
$ 1.20 billion
-6.22%
9 GateToken GT $ 8.32
$ 959.30M
$ 959.30 million
-5.38%
10 Jupiter JUP $ 0.174
$ 565.33M
$ 565.33 million
-7.39%
11 PancakeSwap CAKE $ 1.52
$ 506.04M
$ 506.04 million
-1.78%
12 Curve DAO Token CRV $ 0.286
$ 419.66M
$ 419.66 million
-1.99%
13 Aerodrome AERO $ 0.378
$ 347.22M
$ 347.22 million
-2.71%
14 Sun SUN $ 0.0173
$ 333.20M
$ 333.20 million
-1.17%
15 Raydium RAY $ 0.712
$ 191.53M
$ 191.53 million
-14.72%
16 MX Token MX $ 1.90
$ 174.73M
$ 174.73 million
-1.38%
17 THORChain RUNE $ 0.468
$ 164.17M
$ 164.17 million
-3.49%
18 FTX Token FTT $ 0.376
$ 124.03M
$ 124.03 million
-2.92%
19 KUB Coin KUB $ 1.14
$ 101.28M
$ 101.28 million
-2.02%
20 SUSHI SUSHI $ 0.238
$ 69.59M
$ 69.59 million
-2.83%
21 Loopring LRC $ 0.0494
$ 67.52M
$ 67.52 million
+19.29%
22 Gemini dollar GUSD $ 1.00
$ 47.13M
$ 47.13 million
-0.26%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0480
$ 45.41M
$ 45.41 million
+8.33%
24 Osmosis OSMO $ 0.0426
$ 32.39M
$ 32.39 million
-2.60%
25 THENA THE $ 0.229
$ 29.45M
$ 29.45 million
-13.71%
26 Balancer BAL $ 0.409
$ 27.85M
$ 27.85 million
-7.38%
27 VVS Finance VVS $ 0.0₅160
$ 25.82M
$ 25.82 million
-0.92%
28 Velodrome Finance VELO $ 0.0165
$ 17.60M
$ 17.60 million
-1.75%
29 Cetus CETUS $ 0.0189
$ 16.96M
$ 16.96 million
-1.41%
30 Maverick Protocol MAV $ 0.0205
$ 14.72M
$ 14.72 million
-2.99%
31 DODO DODO $ 0.0174
$ 13.54M
$ 13.54 million
+0.36%
32 Bluefin BLUE $ 0.0254
$ 10.01M
$ 10.01 million
+8.61%
33 JOE JOE $ 0.0439
$ 9.62M
$ 9.62 million
-2.01%
34 IDEX IDEX $ 0.00771
$ 7.71M
$ 7.71 million
-6.84%
35 Quickswap[New] QUICK $ 0.00931
$ 6.91M
$ 6.91 million
-2.91%
36 Pangolin PNG $ 0.0282
$ 6.50M
$ 6.50 million
-0.80%
37 HTX HTX $ 0.0₅174
$ 3.28M
$ 3.28 million
-1.19%
38 Time TIME $ 3.51
$ 2.50M
$ 2.50 million
+1.44%

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

39 Tokenize Xchange TKX $ 1.47
$ 117.90M
$ 117.90 million
-3.65%
40 Huobi Token HT $ 0.168
$ 83.90M
$ 83.90 million
-9.10%
41 BitMart Token BMX $ 0.333
$ 63.26M
$ 63.26 million
-7.98%
42 THORSwap THOR $ 0.0615
$ 30.75M
$ 30.75 million
-3.52%
43 THORChain Yield TCY $ 0.105
$ 22.02M
$ 22.02 million
-8.11%
44 Bitrue Coin BTR $ 0.0230
$ 18.46M
$ 18.46 million
-2.70%
45 Rujira RUJI $ 0.238
$ 17.75M
$ 17.75 million
-1.80%
46 WazirX WRX $ 0.0401
$ 16.82M
$ 16.82 million
-0.94%
47 ASD ASD $ 0.0152
$ 11.33M
$ 11.33 million
-8.96%
48 Minswap MIN $ 0.00631
$ 11.10M
$ 11.10 million
-5.65%
49 CoinEx Token CET $ 0.0273
$ 5.49M
$ 5.49 million
-4.89%
50 Camelot Token GRAIL $ 101.44
$ 2.47M
$ 2.47 million
-4.52%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Loopring LRC $ 0.0494
$ 67.52M
$ 67.52 million
+19.29%
Bluefin BLUE $ 0.0254
$ 10.01M
$ 10.01 million
+8.61%
Liechtenstein Cryptoassets Exchange LCX $ 0.0480
$ 45.41M
$ 45.41 million
+8.33%
Time TIME $ 3.51
$ 2.50M
$ 2.50 million
+1.44%
Cronos CRO $ 0.0805
$ 3.21B
$ 3.21 billion
+0.61%
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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