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 $ 622.28
$ 83.88B
$ 83.88 billion
-1.69%
2 Hyperliquid HYPE $ 43.39
$ 12.97B
$ 12.97 billion
-2.12%
3 Cronos CRO $ 0.0696
$ 3.03B
$ 3.03 billion
-1.14%
4 Uniswap UNI $ 3.31
$ 2.11B
$ 2.11 billion
-1.39%
5 OKB OKB $ 83.97
$ 1.76B
$ 1.76 billion
-0.51%
6 Bitget Token BGB $ 1.89
$ 1.32B
$ 1.32 billion
+0.45%
7 KuCoin Token KCS $ 8.54
$ 1.15B
$ 1.15 billion
-0.18%
8 GateToken GT $ 7.15
$ 823.38M
$ 823.38 million
-1.29%
9 Jupiter JUP $ 0.176
$ 625.03M
$ 625.03 million
-2.74%
10 PancakeSwap CAKE $ 1.54
$ 504.30M
$ 504.30 million
-0.16%
11 Aerodrome AERO $ 0.384
$ 353.90M
$ 353.90 million
-9.29%
12 Sun SUN $ 0.0182
$ 350.63M
$ 350.63 million
-1.42%
13 Curve DAO Token CRV $ 0.230
$ 338.81M
$ 338.81 million
-0.22%
14 Raydium RAY $ 0.653
$ 175.39M
$ 175.39 million
-1.93%
15 MX Token MX $ 1.78
$ 163.48M
$ 163.48 million
-0.08%
16 THORChain RUNE $ 0.419
$ 147.11M
$ 147.11 million
-0.76%
17 FTX Token FTT $ 0.296
$ 97.34M
$ 97.34 million
-2.12%
18 KUB Coin KUB $ 0.858
$ 76.32M
$ 76.32 million
-0.99%
19 SUSHI SUSHI $ 0.208
$ 59.93M
$ 59.93 million
-3.37%
20 Gemini dollar GUSD $ 0.999
$ 35.66M
$ 35.66 million
-0.09%
21 Osmosis OSMO $ 0.0329
$ 25.39M
$ 25.39 million
-0.50%
22 Loopring LRC $ 0.0170
$ 23.28M
$ 23.28 million
-5.35%
23 Quickswap[New] QUICK $ 0.0114
$ 21.13M
$ 21.13 million
-2.61%
24 Cetus CETUS $ 0.0219
$ 20.46M
$ 20.46 million
-3.67%
25 Velodrome Finance VELO $ 0.0156
$ 17.90M
$ 17.90 million
-6.08%
26 DODO DODO $ 0.0175
$ 13.65M
$ 13.65 million
-6.91%
27 THENA THE $ 0.102
$ 13.04M
$ 13.04 million
-16.06%
28 Maverick Protocol MAV $ 0.0161
$ 12.97M
$ 12.97 million
-1.88%
29 JOE JOE $ 0.0486
$ 10.65M
$ 10.65 million
+5.33%
30 Balancer BAL $ 0.154
$ 10.49M
$ 10.49 million
-1.46%
31 Bluefin BLUE $ 0.0171
$ 8.14M
$ 8.14 million
-2.83%
32 Pangolin PNG $ 0.0313
$ 7.20M
$ 7.20 million
+8.13%
33 HTX HTX $ 0.0₅181
$ 3.41M
$ 3.41 million
+1.23%
34 IDEX IDEX $ 0.00238
$ 2.38M
$ 2.38 million
-4.82%
35 Time TIME $ 2.50
$ 1.78M
$ 1.78 million
-11.13%

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

36 LEO LEO $ 10.16
$ 9.35B
$ 9.35 billion
+1.48%
37 BTSE Token BTSE $ 1.20
$ 194.65M
$ 194.65 million
+7.74%
38 BitMart Token BMX $ 0.325
$ 105.94M
$ 105.94 million
+0.51%
39 LCX LCX $ 0.111
$ 105.61M
$ 105.61 million
+1.98%
40 Huobi Token HT $ 0.171
$ 85.25M
$ 85.25 million
-1.04%
41 THORSwap THOR $ 0.0577
$ 28.83M
$ 28.83 million
-1.19%
42 THORChain Yield TCY $ 0.111
$ 23.37M
$ 23.37 million
-1.31%
43 VVS Finance VVS $ 0.0₅129
$ 20.73M
$ 20.73 million
-1.32%
44 WazirX WRX $ 0.0355
$ 14.90M
$ 14.90 million
+5.93%
45 Rujira RUJI $ 0.174
$ 12.93M
$ 12.93 million
-2.26%
46 Bitrue Coin BTR $ 0.0143
$ 11.43M
$ 11.43 million
+3.94%
47 ASD ASD $ 0.0144
$ 10.68M
$ 10.68 million
-1.78%
48 Minswap MIN $ 0.00519
$ 9.10M
$ 9.10 million
+0.98%
49 CoinEx Token CET $ 0.0300
$ 6.03M
$ 6.03 million
-0.04%
50 Camelot Token GRAIL $ 75.81
$ 1.89M
$ 1.89 million
-0.71%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Pangolin PNG $ 0.0313
$ 7.20M
$ 7.20 million
+8.13%
JOE JOE $ 0.0486
$ 10.65M
$ 10.65 million
+5.33%
HTX HTX $ 0.0₅181
$ 3.41M
$ 3.41 million
+1.23%
Bitget Token BGB $ 1.89
$ 1.32B
$ 1.32 billion
+0.45%
MX Token MX $ 1.78
$ 163.48M
$ 163.48 million
-0.08%
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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