Exchange Tokens

147 coins #18

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Live Price Market cap 24h
1 BNB BNB $ 601.98
$ 80.17B
$ 80.17 billion
-0.48%
2 Hyperliquid HYPE $ 59.80
$ 17.88B
$ 17.88 billion
+0.61%
3 Cronos CRO $ 0.0461
$ 2.24B
$ 2.24 billion
-3.11%
4 OKB OKB $ 98.79
$ 2.07B
$ 2.07 billion
-4.73%
5 Uniswap UNI $ 3.27
$ 2.04B
$ 2.04 billion
-0.67%
6 HTX HTX $ 0.0₅176
$ 1.58B
$ 1.58 billion
-1.94%
7 Bitget Token BGB $ 1.67
$ 1.17B
$ 1.17 billion
+0.53%
8 KuCoin Token KCS $ 6.57
$ 901.45M
$ 901.45 million
+0.73%
9 GateToken GT $ 6.71
$ 738.20M
$ 738.20 million
-0.23%
10 Jupiter JUP $ 0.167
$ 555.47M
$ 555.47 million
-0.99%
11 PancakeSwap CAKE $ 1.46
$ 467.65M
$ 467.65 million
-0.51%
12 Aerodrome AERO $ 0.405
$ 395.36M
$ 395.36 million
-2.06%
13 Curve DAO Token CRV $ 0.240
$ 372.43M
$ 372.43 million
-1.91%
14 Sun SUN $ 0.0176
$ 337.54M
$ 337.54 million
-1.78%
15 Raydium RAY $ 0.617
$ 166.35M
$ 166.35 million
-0.45%
16 MX Token MX $ 1.63
$ 149.53M
$ 149.53 million
+0.04%
17 THORChain RUNE $ 0.412
$ 139.44M
$ 139.44 million
-1.26%
18 FTX Token FTT $ 0.200
$ 65.72M
$ 65.72 million
-1.58%
19 KUB Coin KUB $ 0.545
$ 48.47M
$ 48.47 million
+15.24%
20 SUSHI SUSHI $ 0.160
$ 46.86M
$ 46.86 million
-0.99%
21 Gemini dollar GUSD $ 1.00
$ 30.46M
$ 30.46 million
+0.14%
22 Osmosis OSMO $ 0.0300
$ 23.56M
$ 23.56 million
-0.37%
23 Velodrome Finance VELO $ 0.0169
$ 21.58M
$ 21.58 million
-1.39%
24 Cetus CETUS $ 0.0209
$ 20.12M
$ 20.12 million
-3.93%
25 DODO DODO $ 0.0223
$ 17.25M
$ 17.25 million
+1.67%
26 Quickswap[New] QUICK $ 0.00788
$ 14.85M
$ 14.85 million
-3.69%
27 Loopring LRC $ 0.00800
$ 10.95M
$ 10.95 million
-3.91%
28 Maverick Protocol MAV $ 0.00923
$ 9.66M
$ 9.66 million
-1.51%
29 THENA THE $ 0.0599
$ 8.59M
$ 8.59 million
-3.73%
30 Balancer BAL $ 0.105
$ 7.26M
$ 7.26 million
-1.22%
31 JOE JOE $ 0.0268
$ 5.86M
$ 5.86 million
-3.29%
32 Minswap MIN $ 0.00295
$ 5.07M
$ 5.07 million
+0.14%
33 Pangolin PNG $ 0.0192
$ 4.54M
$ 4.54 million
-0.18%
34 Bluefin BLUE $ 0.00743
$ 4.14M
$ 4.14 million
-1.38%
35 SAROS SAROS $ 0.000276
$ 863,488
$ 863,488
-3.03%

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

36 LEO LEO $ 9.46
$ 8.71B
$ 8.71 billion
+0.52%
37 BTSE Token BTSE $ 0.932
$ 151.04M
$ 151.04 million
-2.99%
38 Huobi Token HT $ 0.101
$ 50.70M
$ 50.70 million
-1.50%
39 THORChain Yield TCY $ 0.133
$ 27.99M
$ 27.99 million
-0.47%
40 THORSwap THOR $ 0.0408
$ 20.42M
$ 20.42 million
+0.80%
41 BitMart Token BMX $ 0.0615
$ 20.05M
$ 20.05 million
+7.43%
42 VVS Finance VVS $ 0.0₆799
$ 12.88M
$ 12.88 million
-1.56%
43 Rujira RUJI $ 0.170
$ 12.68M
$ 12.68 million
-0.57%
44 Bitrue Coin BTR $ 0.00926
$ 7.42M
$ 7.42 million
+0.07%
45 WazirX WRX $ 0.0135
$ 5.67M
$ 5.67 million
+2.74%
46 LCX LCX $ 0.0143
$ 3.66M
$ 3.66 million
-2.54%
47 Time TIME $ 3.68
$ 2.61M
$ 2.61 million
-43.00%
48 CoinEx Token CET $ 0.0117
$ 2.35M
$ 2.35 million
-1.22%
49 THORChain (ERC20) RUNE $ 0.411
$ 1.42M
$ 1.42 million
-1.34%
50 LATOKEN LA $ 0.00212
$ 848,000
$ 848,000
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
KUB Coin KUB $ 0.545
$ 48.47M
$ 48.47 million
+15.24%
DODO DODO $ 0.0223
$ 17.25M
$ 17.25 million
+1.67%
KuCoin Token KCS $ 6.57
$ 901.45M
$ 901.45 million
+0.73%
Hyperliquid HYPE $ 59.80
$ 17.88B
$ 17.88 billion
+0.61%
Bitget Token BGB $ 1.67
$ 1.17B
$ 1.17 billion
+0.53%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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