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 $ 858.71
$ 118.29B
$ 118.29 billion
+2.25%
2 Hyperliquid HYPE $ 24.61
$ 8.35B
$ 8.35 billion
+6.59%
3 LEO LEO $ 7.92
$ 7.30B
$ 7.30 billion
+10.48%
4 WhiteBIT Coin WBT $ 57.58
$ 5.01B
$ 5.01 billion
+0.07%
5 Cronos CRO $ 0.0963
$ 3.71B
$ 3.71 billion
+4.50%
6 Uniswap UNI $ 5.31
$ 3.29B
$ 3.29 billion
+4.61%
7 Bitget Token BGB $ 3.48
$ 2.43B
$ 2.43 billion
+1.00%
8 OKB OKB $ 108.26
$ 2.27B
$ 2.27 billion
+2.30%
9 KuCoin Token KCS $ 10.79
$ 1.40B
$ 1.40 billion
+2.21%
10 GateToken GT $ 10.27
$ 822.25M
$ 822.25 million
+2.29%
11 PancakeSwap CAKE $ 1.83
$ 617.07M
$ 617.07 million
-0.20%
12 Jupiter JUP $ 0.193
$ 605.65M
$ 605.65 million
+7.90%
13 Curve DAO Token CRV $ 0.349
$ 501.57M
$ 501.57 million
+0.06%
14 Aerodrome AERO $ 0.506
$ 458.13M
$ 458.13 million
+4.89%
15 Sun SUN $ 0.0203
$ 390.17M
$ 390.17 million
+3.79%
16 Raydium RAY $ 0.911
$ 244.61M
$ 244.61 million
+4.19%
17 THORChain RUNE $ 0.581
$ 203.99M
$ 203.99 million
+0.34%
18 MX Token MX $ 2.02
$ 186.82M
$ 186.82 million
-1.05%
19 FTX Token FTT $ 0.514
$ 169.09M
$ 169.09 million
+4.49%
20 KUB Coin KUB $ 1.24
$ 110.50M
$ 110.50 million
+2.68%
21 SUSHI SUSHI $ 0.296
$ 86.46M
$ 86.46 million
+5.48%
22 Loopring LRC $ 0.0615
$ 77.55M
$ 77.55 million
+11.29%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0616
$ 58.53M
$ 58.53 million
+5.91%
24 Gemini dollar GUSD $ 1.00
$ 46.67M
$ 46.67 million
-0.05%
25 Balancer BAL $ 0.634
$ 41.67M
$ 41.67 million
+1.05%
26 Osmosis OSMO $ 0.0517
$ 39.05M
$ 39.05 million
+2.00%
27 VVS Finance VVS $ 0.0₅193
$ 31.05M
$ 31.05 million
+4.44%
28 THENA THE $ 0.190
$ 23.88M
$ 23.88 million
+0.18%
29 Velodrome Finance VELO $ 0.0213
$ 22.49M
$ 22.49 million
+4.02%
30 Rujira RUJI $ 0.263
$ 19.58M
$ 19.58 million
+3.34%
31 Maverick Protocol MAV $ 0.0266
$ 17.73M
$ 17.73 million
+3.34%
32 Minswap MIN $ 0.00801
$ 14.18M
$ 14.18 million
+5.65%
33 DODO DODO $ 0.0180
$ 13.80M
$ 13.80 million
+3.31%
34 JOE JOE $ 0.0601
$ 13.16M
$ 13.16 million
+5.64%
35 Bluefin BLUE $ 0.0325
$ 10.73M
$ 10.73 million
+8.78%
36 IDEX IDEX $ 0.0107
$ 10.73M
$ 10.73 million
+4.84%
37 Pangolin PNG $ 0.0415
$ 9.31M
$ 9.31 million
+7.59%
38 Cetus CETUS $ 0.0243
$ 8.19M
$ 8.19 million
+4.84%
39 Quickswap[New] QUICK $ 0.0106
$ 7.86M
$ 7.86 million
+3.54%
40 Time TIME $ 6.04
$ 4.29M
$ 4.29 million
+0.36%
41 HTX HTX $ 0.0₅165
$ 3.05M
$ 3.05 million
+0.68%

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

42 BitMart Token BMX $ 0.436
$ 82.90M
$ 82.90 million
+4.18%
43 Huobi Token HT $ 0.144
$ 72.00M
$ 72.00 million
-6.49%
44 THORSwap THOR $ 0.0760
$ 38.02M
$ 38.02 million
+6.04%
45 THORChain Yield TCY $ 0.118
$ 24.75M
$ 24.75 million
+2.36%
46 WazirX WRX $ 0.0590
$ 24.72M
$ 24.72 million
+3.04%
47 ASD ASD $ 0.0286
$ 21.23M
$ 21.23 million
+16.76%
48 Bitrue Coin BTR $ 0.0250
$ 20.01M
$ 20.01 million
+0.15%
49 CoinEx Token CET $ 0.0430
$ 8.66M
$ 8.66 million
+0.11%
50 Quidax Token QDX $ 0.0686
$ 5.29M
$ 5.29 million
+4.68%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Loopring LRC $ 0.0615
$ 77.55M
$ 77.55 million
+11.29%
LEO LEO $ 7.92
$ 7.30B
$ 7.30 billion
+10.48%
Bluefin BLUE $ 0.0325
$ 10.73M
$ 10.73 million
+8.78%
Jupiter JUP $ 0.193
$ 605.65M
$ 605.65 million
+7.90%
Pangolin PNG $ 0.0415
$ 9.31M
$ 9.31 million
+7.59%
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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