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 $ 624.96
$ 83.21B
$ 83.21 billion
+3.45%
2 Hyperliquid HYPE $ 69.26
$ 20.70B
$ 20.70 billion
+17.77%
3 LEO LEO $ 9.29
$ 8.54B
$ 8.54 billion
-1.40%
4 Cronos CRO $ 0.0499
$ 2.42B
$ 2.42 billion
+8.18%
5 Uniswap UNI $ 3.67
$ 2.29B
$ 2.29 billion
+11.16%
6 OKB OKB $ 102.45
$ 2.15B
$ 2.15 billion
+0.28%
7 HTX HTX $ 0.0₅172
$ 1.55B
$ 1.55 billion
+0.22%
8 Bitget Token BGB $ 1.79
$ 1.25B
$ 1.25 billion
+6.78%
9 KuCoin Token KCS $ 7.30
$ 1.00B
$ 1.00 billion
+10.42%
10 GateToken GT $ 6.98
$ 767.79M
$ 767.79 million
+3.85%
11 Jupiter JUP $ 0.181
$ 599.82M
$ 599.82 million
+8.26%
12 PancakeSwap CAKE $ 1.61
$ 517.56M
$ 517.56 million
+6.04%
13 Aerodrome AERO $ 0.450
$ 439.12M
$ 439.12 million
+11.96%
14 Curve DAO Token CRV $ 0.261
$ 404.27M
$ 404.27 million
+7.98%
15 Sun SUN $ 0.0172
$ 330.48M
$ 330.48 million
+0.08%
16 Raydium RAY $ 0.649
$ 174.89M
$ 174.89 million
+5.53%
17 MX Token MX $ 1.65
$ 151.37M
$ 151.37 million
+1.14%
18 THORChain RUNE $ 0.427
$ 144.45M
$ 144.45 million
+6.54%
19 FTX Token FTT $ 0.207
$ 67.96M
$ 67.96 million
+4.15%
20 SUSHI SUSHI $ 0.173
$ 50.57M
$ 50.57 million
+6.86%
21 KUB Coin KUB $ 0.561
$ 49.94M
$ 49.94 million
+4.56%
22 Gemini dollar GUSD $ 1.000
$ 30.79M
$ 30.79 million
-0.03%
23 Osmosis OSMO $ 0.0311
$ 24.43M
$ 24.43 million
+5.60%
24 Velodrome Finance VELO $ 0.0183
$ 23.45M
$ 23.45 million
+10.55%
25 Cetus CETUS $ 0.0227
$ 21.85M
$ 21.85 million
+8.40%
26 DODO DODO $ 0.0205
$ 15.88M
$ 15.88 million
-5.56%
27 Quickswap[New] QUICK $ 0.00819
$ 15.63M
$ 15.63 million
+3.41%
28 Loopring LRC $ 0.00795
$ 10.88M
$ 10.88 million
+2.94%
29 Maverick Protocol MAV $ 0.00963
$ 10.08M
$ 10.08 million
+4.50%
30 THENA THE $ 0.0638
$ 9.16M
$ 9.16 million
+5.35%
31 Balancer BAL $ 0.112
$ 7.77M
$ 7.77 million
+4.94%
32 JOE JOE $ 0.0289
$ 6.32M
$ 6.32 million
+7.41%
33 Pangolin PNG $ 0.0204
$ 4.81M
$ 4.81 million
+5.24%
34 Bluefin BLUE $ 0.00755
$ 4.16M
$ 4.16 million
+3.12%
35 LCX LCX $ 0.0143
$ 3.67M
$ 3.67 million
+1.19%
36 SAROS SAROS $ 0.000287
$ 897,610
$ 897,610
+3.17%

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

37 BTSE Token BTSE $ 0.859
$ 139.18M
$ 139.18 million
-1.93%
38 Huobi Token HT $ 0.114
$ 56.81M
$ 56.81 million
+12.02%
39 THORChain Yield TCY $ 0.137
$ 28.84M
$ 28.84 million
+5.08%
40 THORSwap THOR $ 0.0425
$ 21.25M
$ 21.25 million
+3.89%
41 BitMart Token BMX $ 0.0582
$ 18.99M
$ 18.99 million
+11.54%
42 Rujira RUJI $ 0.201
$ 15.00M
$ 15.00 million
+21.75%
43 VVS Finance VVS $ 0.0₆848
$ 13.66M
$ 13.66 million
+6.56%
44 MCDex MCB $ 2.00
$ 9.60M
$ 9.60 million
+0.33%
45 Bitrue Coin BTR $ 0.00926
$ 7.42M
$ 7.42 million
-0.04%
46 WazirX WRX $ 0.0138
$ 5.78M
$ 5.78 million
+4.62%
47 Minswap MIN $ 0.00314
$ 5.39M
$ 5.39 million
+6.17%
48 Time TIME $ 4.97
$ 3.53M
$ 3.53 million
+34.41%
49 CoinEx Token CET $ 0.0119
$ 2.39M
$ 2.39 million
+1.02%
50 THORChain (ERC20) RUNE $ 0.417
$ 1.44M
$ 1.44 million
+4.19%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Hyperliquid HYPE $ 69.26
$ 20.70B
$ 20.70 billion
+17.77%
Aerodrome AERO $ 0.450
$ 439.12M
$ 439.12 million
+11.96%
Uniswap UNI $ 3.67
$ 2.29B
$ 2.29 billion
+11.16%
Velodrome Finance VELO $ 0.0183
$ 23.45M
$ 23.45 million
+10.55%
KuCoin Token KCS $ 7.30
$ 1.00B
$ 1.00 billion
+10.42%
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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