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 $ 867.15
$ 119.45B
$ 119.45 billion
+1.02%
2 Hyperliquid HYPE $ 24.34
$ 7.34B
$ 7.34 billion
-4.63%
3 WhiteBIT Coin WBT $ 56.80
$ 4.94B
$ 4.94 billion
+0.69%
4 Cronos CRO $ 0.0938
$ 3.62B
$ 3.62 billion
+2.70%
5 Uniswap UNI $ 5.76
$ 3.56B
$ 3.56 billion
+1.53%
6 Bitget Token BGB $ 3.48
$ 2.44B
$ 2.44 billion
-0.05%
7 OKB OKB $ 110.39
$ 2.32B
$ 2.32 billion
+0.28%
8 KuCoin Token KCS $ 10.86
$ 1.41B
$ 1.41 billion
+1.10%
9 GateToken GT $ 10.34
$ 828.99M
$ 828.99 million
+0.06%
10 PancakeSwap CAKE $ 1.98
$ 665.60M
$ 665.60 million
+0.13%
11 Jupiter JUP $ 0.202
$ 645.73M
$ 645.73 million
+6.34%
12 Curve DAO Token CRV $ 0.398
$ 581.20M
$ 581.20 million
+5.64%
13 Aerodrome AERO $ 0.487
$ 444.18M
$ 444.18 million
+12.40%
14 Sun SUN $ 0.0190
$ 365.52M
$ 365.52 million
+0.38%
15 Raydium RAY $ 1.01
$ 270.14M
$ 270.14 million
+10.03%
16 THORChain RUNE $ 0.570
$ 199.95M
$ 199.95 million
+1.70%
17 MX Token MX $ 2.05
$ 189.44M
$ 189.44 million
+0.46%
18 FTX Token FTT $ 0.479
$ 157.44M
$ 157.44 million
+1.52%
19 KUB Coin KUB $ 1.25
$ 111.27M
$ 111.27 million
+2.24%
20 SUSHI SUSHI $ 0.309
$ 90.25M
$ 90.25 million
+9.68%
21 Loopring LRC $ 0.0511
$ 69.99M
$ 69.99 million
+1.27%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0574
$ 54.51M
$ 54.51 million
+7.75%
23 Gemini dollar GUSD $ 1.00
$ 46.14M
$ 46.14 million
-0.08%
24 Balancer BAL $ 0.610
$ 40.46M
$ 40.46 million
+0.93%
25 Osmosis OSMO $ 0.0509
$ 38.57M
$ 38.57 million
+0.40%
26 VVS Finance VVS $ 0.0₅190
$ 30.59M
$ 30.59 million
+4.17%
27 THENA THE $ 0.204
$ 25.94M
$ 25.94 million
-0.12%
28 Velodrome Finance VELO $ 0.0195
$ 20.86M
$ 20.86 million
+8.22%
29 Rujira RUJI $ 0.271
$ 20.22M
$ 20.22 million
+7.50%
30 Maverick Protocol MAV $ 0.0272
$ 18.18M
$ 18.18 million
+0.69%
31 Minswap MIN $ 0.00888
$ 15.60M
$ 15.60 million
+6.33%
32 DODO DODO $ 0.0192
$ 14.68M
$ 14.68 million
+3.25%
33 JOE JOE $ 0.0651
$ 14.26M
$ 14.26 million
+6.09%
34 Bluefin BLUE $ 0.0342
$ 11.29M
$ 11.29 million
+6.86%
35 IDEX IDEX $ 0.00919
$ 9.19M
$ 9.19 million
+1.79%
36 Cetus CETUS $ 0.0246
$ 8.29M
$ 8.29 million
+5.13%
37 Quickswap[New] QUICK $ 0.0109
$ 8.11M
$ 8.11 million
-2.65%
38 Pangolin PNG $ 0.0318
$ 7.14M
$ 7.14 million
+4.26%
39 HTX HTX $ 0.0₅165
$ 3.07M
$ 3.07 million
+0.36%
40 Time TIME $ 3.93
$ 2.79M
$ 2.79 million
+9.82%

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

41 LEO LEO $ 9.61
$ 8.86B
$ 8.86 billion
+0.94%
42 Tokenize Xchange TKX $ 1.77
$ 141.61M
$ 141.61 million
+1.01%
43 BitMart Token BMX $ 0.363
$ 69.03M
$ 69.03 million
+1.00%
44 Huobi Token HT $ 0.119
$ 59.50M
$ 59.50 million
+0.00%
45 THORSwap THOR $ 0.0686
$ 34.34M
$ 34.34 million
+3.20%
46 THORChain Yield TCY $ 0.124
$ 26.01M
$ 26.01 million
+4.76%
47 WazirX WRX $ 0.0555
$ 23.26M
$ 23.26 million
+4.32%
48 Bitrue Coin BTR $ 0.0239
$ 19.18M
$ 19.18 million
-4.37%
49 ASD ASD $ 0.0207
$ 15.35M
$ 15.35 million
-1.20%
50 CoinEx Token CET $ 0.0349
$ 7.03M
$ 7.03 million
+2.50%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.487
$ 444.18M
$ 444.18 million
+12.40%
Raydium RAY $ 1.01
$ 270.14M
$ 270.14 million
+10.03%
Time TIME $ 3.93
$ 2.79M
$ 2.79 million
+9.82%
SUSHI SUSHI $ 0.309
$ 90.25M
$ 90.25 million
+9.68%
Velodrome Finance VELO $ 0.0195
$ 20.86M
$ 20.86 million
+8.22%
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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