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 $ 633.15
$ 85.34B
$ 85.34 billion
+2.16%
2 Hyperliquid HYPE $ 43.55
$ 13.02B
$ 13.02 billion
-3.08%
3 Cronos CRO $ 0.0710
$ 3.01B
$ 3.01 billion
+1.45%
4 Uniswap UNI $ 3.44
$ 2.19B
$ 2.19 billion
+5.86%
5 OKB OKB $ 86.19
$ 1.81B
$ 1.81 billion
+1.20%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
-0.26%
7 KuCoin Token KCS $ 8.61
$ 1.16B
$ 1.16 billion
+0.58%
8 GateToken GT $ 7.31
$ 842.30M
$ 842.30 million
+2.33%
9 Jupiter JUP $ 0.184
$ 652.95M
$ 652.95 million
+7.67%
10 PancakeSwap CAKE $ 1.62
$ 532.97M
$ 532.97 million
+2.34%
11 Aerodrome AERO $ 0.419
$ 386.85M
$ 386.85 million
+11.48%
12 Sun SUN $ 0.0185
$ 356.20M
$ 356.20 million
-0.84%
13 Curve DAO Token CRV $ 0.233
$ 342.65M
$ 342.65 million
+4.30%
14 Raydium RAY $ 0.691
$ 185.56M
$ 185.56 million
+3.73%
15 MX Token MX $ 1.78
$ 163.29M
$ 163.29 million
+0.26%
16 THORChain RUNE $ 0.421
$ 147.74M
$ 147.74 million
+2.84%
17 FTX Token FTT $ 0.311
$ 102.16M
$ 102.16 million
+2.58%
18 KUB Coin KUB $ 0.850
$ 75.62M
$ 75.62 million
+0.35%
19 SUSHI SUSHI $ 0.216
$ 62.36M
$ 62.36 million
+3.55%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.01%
21 Loopring LRC $ 0.0194
$ 26.66M
$ 26.66 million
+17.42%
22 Osmosis OSMO $ 0.0332
$ 25.62M
$ 25.62 million
+5.64%
23 Quickswap[New] QUICK $ 0.0115
$ 21.41M
$ 21.41 million
+2.13%
24 VVS Finance VVS $ 0.0₅132
$ 21.31M
$ 21.31 million
+1.55%
25 Cetus CETUS $ 0.0217
$ 20.29M
$ 20.29 million
+3.66%
26 Velodrome Finance VELO $ 0.0166
$ 19.02M
$ 19.02 million
+10.39%
27 THENA THE $ 0.109
$ 14.00M
$ 14.00 million
+5.63%
28 DODO DODO $ 0.0178
$ 13.90M
$ 13.90 million
+0.97%
29 Maverick Protocol MAV $ 0.0170
$ 13.64M
$ 13.64 million
+4.69%
30 Balancer BAL $ 0.153
$ 10.41M
$ 10.41 million
-2.12%
31 JOE JOE $ 0.0462
$ 10.10M
$ 10.10 million
+1.28%
32 Bluefin BLUE $ 0.0175
$ 8.24M
$ 8.24 million
+1.70%
33 Pangolin PNG $ 0.0275
$ 6.33M
$ 6.33 million
-0.16%
34 HTX HTX $ 0.0₅178
$ 3.37M
$ 3.37 million
-0.37%
35 IDEX IDEX $ 0.00235
$ 2.35M
$ 2.35 million
+1.18%
36 Time TIME $ 3.22
$ 2.28M
$ 2.28 million
-5.42%

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

37 LEO LEO $ 10.16
$ 9.36B
$ 9.36 billion
+0.00%
38 BitMart Token BMX $ 0.325
$ 106.05M
$ 106.05 million
+0.27%
39 LCX LCX $ 0.109
$ 103.14M
$ 103.14 million
+2.21%
40 Huobi Token HT $ 0.175
$ 87.44M
$ 87.44 million
+2.32%
41 THORSwap THOR $ 0.0549
$ 27.44M
$ 27.44 million
-8.35%
42 THORChain Yield TCY $ 0.115
$ 24.16M
$ 24.16 million
+1.95%
43 Rujira RUJI $ 0.175
$ 13.03M
$ 13.03 million
+1.39%
44 WazirX WRX $ 0.0301
$ 12.60M
$ 12.60 million
+19.91%
45 ASD ASD $ 0.0155
$ 11.51M
$ 11.51 million
+0.00%
46 Bitrue Coin BTR $ 0.0140
$ 11.20M
$ 11.20 million
-1.71%
47 Minswap MIN $ 0.00528
$ 9.26M
$ 9.26 million
+1.95%
48 CoinEx Token CET $ 0.0299
$ 6.01M
$ 6.01 million
-0.15%
49 Camelot Token GRAIL $ 77.85
$ 1.94M
$ 1.94 million
+16.73%
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
Loopring LRC $ 0.0194
$ 26.66M
$ 26.66 million
+17.42%
Aerodrome AERO $ 0.419
$ 386.85M
$ 386.85 million
+11.48%
Velodrome Finance VELO $ 0.0166
$ 19.02M
$ 19.02 million
+10.39%
Jupiter JUP $ 0.184
$ 652.95M
$ 652.95 million
+7.67%
Uniswap UNI $ 3.44
$ 2.19B
$ 2.19 billion
+5.86%
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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