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 $ 637.91
$ 85.98B
$ 85.98 billion
+0.49%
2 Hyperliquid HYPE $ 40.94
$ 12.23B
$ 12.23 billion
-0.65%
3 Cronos CRO $ 0.0695
$ 3.03B
$ 3.03 billion
-0.19%
4 Uniswap UNI $ 3.27
$ 2.08B
$ 2.08 billion
+0.15%
5 OKB OKB $ 83.82
$ 1.76B
$ 1.76 billion
+0.31%
6 Bitget Token BGB $ 2.00
$ 1.40B
$ 1.40 billion
+3.59%
7 KuCoin Token KCS $ 8.47
$ 1.14B
$ 1.14 billion
+0.75%
8 GateToken GT $ 7.39
$ 850.82M
$ 850.82 million
+0.69%
9 Jupiter JUP $ 0.174
$ 616.66M
$ 616.66 million
+2.09%
10 PancakeSwap CAKE $ 1.52
$ 496.47M
$ 496.47 million
+1.06%
11 Aerodrome AERO $ 0.430
$ 398.09M
$ 398.09 million
+2.46%
12 Sun SUN $ 0.0188
$ 362.55M
$ 362.55 million
-0.12%
13 Curve DAO Token CRV $ 0.223
$ 329.13M
$ 329.13 million
+0.44%
14 Raydium RAY $ 0.665
$ 178.76M
$ 178.76 million
+0.74%
15 THORChain RUNE $ 0.486
$ 170.40M
$ 170.40 million
+1.81%
16 MX Token MX $ 1.77
$ 162.21M
$ 162.21 million
+0.07%
17 FTX Token FTT $ 0.299
$ 98.21M
$ 98.21 million
+4.38%
18 KUB Coin KUB $ 0.898
$ 79.89M
$ 79.89 million
+2.49%
19 SUSHI SUSHI $ 0.220
$ 63.61M
$ 63.61 million
-0.63%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.01%
21 Cetus CETUS $ 0.0281
$ 26.32M
$ 26.32 million
+4.28%
22 Osmosis OSMO $ 0.0326
$ 25.15M
$ 25.15 million
+2.54%
23 Loopring LRC $ 0.0172
$ 23.52M
$ 23.52 million
+0.83%
24 Quickswap[New] QUICK $ 0.0117
$ 21.67M
$ 21.67 million
+2.06%
25 VVS Finance VVS $ 0.0₅129
$ 20.80M
$ 20.80 million
+0.46%
26 Velodrome Finance VELO $ 0.0164
$ 18.94M
$ 18.94 million
+5.77%
27 DODO DODO $ 0.0201
$ 15.63M
$ 15.63 million
+4.64%
28 THENA THE $ 0.104
$ 13.39M
$ 13.39 million
+0.78%
29 Maverick Protocol MAV $ 0.0161
$ 12.93M
$ 12.93 million
-2.32%
30 JOE JOE $ 0.0483
$ 10.56M
$ 10.56 million
-3.91%
31 Balancer BAL $ 0.148
$ 10.07M
$ 10.07 million
-1.08%
32 Bluefin BLUE $ 0.0175
$ 8.33M
$ 8.33 million
-0.01%
33 Pangolin PNG $ 0.0287
$ 6.61M
$ 6.61 million
-2.55%
34 HTX HTX $ 0.0₅183
$ 3.46M
$ 3.46 million
+0.19%
35 IDEX IDEX $ 0.00242
$ 2.43M
$ 2.43 million
+2.39%

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

36 LEO LEO $ 10.24
$ 9.43B
$ 9.43 billion
-0.45%
37 BTSE Token BTSE $ 1.15
$ 186.57M
$ 186.57 million
-1.43%
38 BitMart Token BMX $ 0.321
$ 104.62M
$ 104.62 million
-3.53%
39 LCX LCX $ 0.105
$ 99.24M
$ 99.24 million
-2.25%
40 Huobi Token HT $ 0.174
$ 86.85M
$ 86.85 million
+1.87%
41 THORSwap THOR $ 0.0644
$ 32.19M
$ 32.19 million
+0.95%
42 THORChain Yield TCY $ 0.139
$ 29.14M
$ 29.14 million
-2.09%
43 Rujira RUJI $ 0.218
$ 16.23M
$ 16.23 million
+2.31%
44 WazirX WRX $ 0.0310
$ 12.99M
$ 12.99 million
-0.42%
45 Bitrue Coin BTR $ 0.0135
$ 10.82M
$ 10.82 million
-2.13%
46 ASD ASD $ 0.0138
$ 10.27M
$ 10.27 million
+0.29%
47 Minswap MIN $ 0.00519
$ 9.11M
$ 9.11 million
-0.06%
48 CoinEx Token CET $ 0.0287
$ 5.77M
$ 5.77 million
+0.68%
49 Camelot Token GRAIL $ 77.42
$ 1.95M
$ 1.95 million
-0.88%
50 THORChain (ERC20) RUNE $ 0.485
$ 1.68M
$ 1.68 million
+1.83%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Velodrome Finance VELO $ 0.0164
$ 18.94M
$ 18.94 million
+5.77%
DODO DODO $ 0.0201
$ 15.63M
$ 15.63 million
+4.64%
FTX Token FTT $ 0.299
$ 98.21M
$ 98.21 million
+4.38%
Cetus CETUS $ 0.0281
$ 26.32M
$ 26.32 million
+4.28%
Bitget Token BGB $ 2.00
$ 1.40B
$ 1.40 billion
+3.59%
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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