Exchange Tokens

145 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 $ 663.31
$ 89.40B
$ 89.40 billion
+1.24%
2 Hyperliquid HYPE $ 41.43
$ 12.38B
$ 12.38 billion
-2.38%
3 Cronos CRO $ 0.0803
$ 3.50B
$ 3.50 billion
+7.63%
4 Uniswap UNI $ 3.82
$ 2.43B
$ 2.43 billion
-3.43%
5 OKB OKB $ 86.52
$ 1.82B
$ 1.82 billion
-1.83%
6 Bitget Token BGB $ 2.12
$ 1.48B
$ 1.48 billion
-1.81%
7 KuCoin Token KCS $ 8.48
$ 1.14B
$ 1.14 billion
-0.55%
8 GateToken GT $ 7.45
$ 839.85M
$ 839.85 million
-0.65%
9 Jupiter JUP $ 0.247
$ 818.61M
$ 818.61 million
-4.01%
10 PancakeSwap CAKE $ 1.55
$ 506.82M
$ 506.82 million
-2.22%
11 Aerodrome AERO $ 0.521
$ 486.58M
$ 486.58 million
+0.29%
12 Curve DAO Token CRV $ 0.281
$ 414.56M
$ 414.56 million
+9.52%
13 Sun SUN $ 0.0206
$ 395.91M
$ 395.91 million
+1.02%
14 Raydium RAY $ 0.848
$ 227.98M
$ 227.98 million
-1.14%
15 THORChain RUNE $ 0.616
$ 215.97M
$ 215.97 million
+2.81%
16 MX Token MX $ 1.75
$ 160.72M
$ 160.72 million
-0.07%
17 FTX Token FTT $ 0.345
$ 113.49M
$ 113.49 million
-1.51%
18 BitMart Token BMX $ 0.339
$ 110.54M
$ 110.54 million
+1.21%
19 KUB Coin KUB $ 0.888
$ 79.07M
$ 79.07 million
-0.27%
20 SUSHI SUSHI $ 0.244
$ 70.42M
$ 70.42 million
-0.63%
21 Osmosis OSMO $ 0.0783
$ 60.57M
$ 60.57 million
+24.12%
22 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
-0.02%
23 Cetus CETUS $ 0.0347
$ 32.84M
$ 32.84 million
-5.79%
24 Rujira RUJI $ 0.400
$ 29.77M
$ 29.77 million
+3.44%
25 Loopring LRC $ 0.0187
$ 25.54M
$ 25.54 million
-7.05%
26 VVS Finance VVS $ 0.0₅143
$ 23.00M
$ 23.00 million
+5.39%
27 Velodrome Finance VELO $ 0.0186
$ 21.66M
$ 21.66 million
-2.54%
28 Quickswap[New] QUICK $ 0.0114
$ 21.14M
$ 21.14 million
-0.10%
29 DODO DODO $ 0.0205
$ 15.94M
$ 15.94 million
-0.92%
30 THENA THE $ 0.108
$ 13.78M
$ 13.78 million
+2.05%
31 Maverick Protocol MAV $ 0.0166
$ 13.32M
$ 13.32 million
+0.61%
32 JOE JOE $ 0.0521
$ 11.39M
$ 11.39 million
+4.06%
33 Balancer BAL $ 0.156
$ 10.62M
$ 10.62 million
+0.18%
34 Bluefin BLUE $ 0.0192
$ 9.09M
$ 9.09 million
-11.45%
35 Pangolin PNG $ 0.0330
$ 7.62M
$ 7.62 million
+2.89%
36 HTX HTX $ 0.0₅197
$ 3.72M
$ 3.72 million
+0.18%
37 IDEX IDEX $ 0.00190
$ 1.90M
$ 1.90 million
-1.25%

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

38 LEO LEO $ 10.07
$ 9.27B
$ 9.27 billion
+1.12%
39 BTSE Token BTSE $ 0.969
$ 157.05M
$ 157.05 million
-1.72%
40 LCX LCX $ 0.0930
$ 88.32M
$ 88.32 million
-2.19%
41 Huobi Token HT $ 0.154
$ 77.00M
$ 77.00 million
+1.25%
42 THORChain Yield TCY $ 0.134
$ 28.23M
$ 28.23 million
-0.45%
43 THORSwap THOR $ 0.0498
$ 24.92M
$ 24.92 million
+3.57%
44 WazirX WRX $ 0.0279
$ 11.69M
$ 11.69 million
-5.49%
45 Bitrue Coin BTR $ 0.0119
$ 9.57M
$ 9.57 million
+2.46%
46 Minswap MIN $ 0.00509
$ 8.85M
$ 8.85 million
-0.68%
47 ASD ASD $ 0.00836
$ 6.21M
$ 6.21 million
+0.97%
48 MCDex MCB $ 1.29
$ 6.21M
$ 6.21 million
+2.39%
49 CoinEx Token CET $ 0.0272
$ 5.47M
$ 5.47 million
-0.24%
50 THORChain (ERC20) RUNE $ 0.616
$ 2.13M
$ 2.13 million
+2.83%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Osmosis OSMO $ 0.0783
$ 60.57M
$ 60.57 million
+24.12%
Curve DAO Token CRV $ 0.281
$ 414.56M
$ 414.56 million
+9.52%
Cronos CRO $ 0.0803
$ 3.50B
$ 3.50 billion
+7.63%
VVS Finance VVS $ 0.0₅143
$ 23.00M
$ 23.00 million
+5.39%
JOE JOE $ 0.0521
$ 11.39M
$ 11.39 million
+4.06%
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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