Exchange Tokens

144 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 $ 620.32
$ 83.61B
$ 83.61 billion
+0.11%
2 Hyperliquid HYPE $ 44.68
$ 13.36B
$ 13.36 billion
+1.14%
3 Cronos CRO $ 0.0700
$ 2.97B
$ 2.97 billion
+1.96%
4 Uniswap UNI $ 3.25
$ 2.07B
$ 2.07 billion
+2.41%
5 OKB OKB $ 85.13
$ 1.79B
$ 1.79 billion
+0.08%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
+0.20%
7 KuCoin Token KCS $ 8.57
$ 1.15B
$ 1.15 billion
+1.04%
8 GateToken GT $ 7.15
$ 823.54M
$ 823.54 million
+2.60%
9 Jupiter JUP $ 0.171
$ 606.65M
$ 606.65 million
+2.44%
10 PancakeSwap CAKE $ 1.59
$ 521.19M
$ 521.19 million
-1.37%
11 Sun SUN $ 0.0187
$ 358.82M
$ 358.82 million
+3.50%
12 Aerodrome AERO $ 0.377
$ 346.17M
$ 346.17 million
+2.41%
13 Curve DAO Token CRV $ 0.224
$ 329.44M
$ 329.44 million
+1.25%
14 Raydium RAY $ 0.666
$ 179.02M
$ 179.02 million
+3.08%
15 MX Token MX $ 1.77
$ 162.95M
$ 162.95 million
+0.12%
16 THORChain RUNE $ 0.409
$ 143.66M
$ 143.66 million
+1.85%
17 FTX Token FTT $ 0.303
$ 99.94M
$ 99.94 million
+4.82%
18 KUB Coin KUB $ 0.845
$ 75.22M
$ 75.22 million
+0.09%
19 SUSHI SUSHI $ 0.208
$ 60.00M
$ 60.00 million
+5.28%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.02%
21 Osmosis OSMO $ 0.0316
$ 24.34M
$ 24.34 million
+2.31%
22 Loopring LRC $ 0.0166
$ 22.73M
$ 22.73 million
+3.22%
23 Quickswap[New] QUICK $ 0.0113
$ 20.95M
$ 20.95 million
+4.04%
24 VVS Finance VVS $ 0.0₅129
$ 20.86M
$ 20.86 million
+2.07%
25 Cetus CETUS $ 0.0210
$ 19.62M
$ 19.62 million
+4.84%
26 Velodrome Finance VELO $ 0.0151
$ 17.34M
$ 17.34 million
+1.47%
27 DODO DODO $ 0.0177
$ 13.81M
$ 13.81 million
+5.44%
28 THENA THE $ 0.103
$ 13.20M
$ 13.20 million
+0.86%
29 Maverick Protocol MAV $ 0.0162
$ 13.02M
$ 13.02 million
+6.19%
30 Balancer BAL $ 0.156
$ 10.60M
$ 10.60 million
+0.05%
31 JOE JOE $ 0.0458
$ 10.02M
$ 10.02 million
-7.73%
32 Bluefin BLUE $ 0.0172
$ 8.14M
$ 8.14 million
+3.07%
33 Pangolin PNG $ 0.0275
$ 6.34M
$ 6.34 million
+0.22%
34 HTX HTX $ 0.0₅179
$ 3.38M
$ 3.38 million
+0.42%
35 Time TIME $ 3.41
$ 2.43M
$ 2.43 million
+52.99%
36 IDEX IDEX $ 0.00233
$ 2.33M
$ 2.33 million
-7.00%

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

37 LEO LEO $ 10.16
$ 9.35B
$ 9.35 billion
+0.05%
38 BitMart Token BMX $ 0.324
$ 105.72M
$ 105.72 million
-0.50%
39 LCX LCX $ 0.106
$ 100.92M
$ 100.92 million
-8.84%
40 Huobi Token HT $ 0.173
$ 86.35M
$ 86.35 million
-0.63%
41 THORSwap THOR $ 0.0599
$ 29.95M
$ 29.95 million
+5.06%
42 THORChain Yield TCY $ 0.113
$ 23.72M
$ 23.72 million
+2.20%
43 Rujira RUJI $ 0.173
$ 12.87M
$ 12.87 million
+2.55%
44 ASD ASD $ 0.0154
$ 11.41M
$ 11.41 million
-1.92%
45 Bitrue Coin BTR $ 0.0142
$ 11.40M
$ 11.40 million
+0.48%
46 WazirX WRX $ 0.0243
$ 10.17M
$ 10.17 million
-3.27%
47 Minswap MIN $ 0.00519
$ 9.09M
$ 9.09 million
+4.06%
48 CoinEx Token CET $ 0.0299
$ 6.02M
$ 6.02 million
+0.33%
49 Camelot Token GRAIL $ 67.16
$ 1.67M
$ 1.67 million
-2.60%
50 LATOKEN LA $ 0.00386
$ 1.54M
$ 1.54 million
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Time TIME $ 3.41
$ 2.43M
$ 2.43 million
+52.99%
Maverick Protocol MAV $ 0.0162
$ 13.02M
$ 13.02 million
+6.19%
DODO DODO $ 0.0177
$ 13.81M
$ 13.81 million
+5.44%
SUSHI SUSHI $ 0.208
$ 60.00M
$ 60.00 million
+5.28%
Cetus CETUS $ 0.0210
$ 19.62M
$ 19.62 million
+4.84%
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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