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 $ 620.94
$ 84.67B
$ 84.67 billion
+3.96%
2 Hyperliquid HYPE $ 30.75
$ 9.22B
$ 9.22 billion
+12.29%
3 LEO LEO $ 9.03
$ 8.31B
$ 8.31 billion
+2.26%
4 Cronos CRO $ 0.0754
$ 3.09B
$ 3.09 billion
+3.17%
5 Uniswap UNI $ 3.75
$ 2.38B
$ 2.38 billion
+4.34%
6 OKB OKB $ 76.08
$ 1.60B
$ 1.60 billion
+2.97%
7 Bitget Token BGB $ 2.15
$ 1.51B
$ 1.51 billion
+0.20%
8 KuCoin Token KCS $ 7.60
$ 1.00B
$ 1.00 billion
+2.24%
9 GateToken GT $ 6.95
$ 800.35M
$ 800.35 million
+3.41%
10 Jupiter JUP $ 0.166
$ 579.32M
$ 579.32 million
+13.22%
11 PancakeSwap CAKE $ 1.31
$ 433.53M
$ 433.53 million
+4.82%
12 Curve DAO Token CRV $ 0.244
$ 358.20M
$ 358.20 million
+5.79%
13 Aerodrome AERO $ 0.350
$ 322.45M
$ 322.45 million
+10.22%
14 Sun SUN $ 0.0150
$ 288.79M
$ 288.79 million
-4.10%
15 MX Token MX $ 1.81
$ 166.03M
$ 166.03 million
+0.95%
16 Raydium RAY $ 0.597
$ 160.28M
$ 160.28 million
+5.97%
17 THORChain RUNE $ 0.398
$ 139.39M
$ 139.39 million
+4.79%
18 FTX Token FTT $ 0.296
$ 97.31M
$ 97.31 million
+1.88%
19 SUSHI SUSHI $ 0.200
$ 58.46M
$ 58.46 million
+5.24%
20 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.05%
21 Loopring LRC $ 0.0310
$ 42.46M
$ 42.46 million
-1.46%
22 THENA THE $ 0.259
$ 32.49M
$ 32.49 million
+3.98%
23 Osmosis OSMO $ 0.0339
$ 25.96M
$ 25.96 million
+3.48%
24 VVS Finance VVS $ 0.0₅148
$ 23.92M
$ 23.92 million
+3.99%
25 Velodrome Finance VELO $ 0.0154
$ 16.78M
$ 16.78 million
+3.10%
26 Cetus CETUS $ 0.0162
$ 14.77M
$ 14.77 million
+8.66%
27 DODO DODO $ 0.0144
$ 11.20M
$ 11.20 million
+6.17%
28 Maverick Protocol MAV $ 0.0137
$ 9.86M
$ 9.86 million
+5.17%
29 Balancer BAL $ 0.131
$ 8.90M
$ 8.90 million
+1.17%
30 JOE JOE $ 0.0369
$ 8.08M
$ 8.08 million
+8.54%
31 Bluefin BLUE $ 0.0186
$ 7.33M
$ 7.33 million
+4.91%
32 Quickswap[New] QUICK $ 0.00974
$ 7.22M
$ 7.22 million
+3.93%
33 IDEX IDEX $ 0.00676
$ 6.76M
$ 6.76 million
+3.12%
34 Pangolin PNG $ 0.0243
$ 5.60M
$ 5.60 million
+3.44%
35 HTX HTX $ 0.0₅150
$ 2.84M
$ 2.84 million
-4.08%

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

36 Tokenize Xchange TKX $ 1.33
$ 106.65M
$ 106.65 million
+2.99%
37 BitMart Token BMX $ 0.317
$ 103.53M
$ 103.53 million
-0.33%
38 Huobi Token HT $ 0.199
$ 99.30M
$ 99.30 million
+3.98%
39 KUB Coin KUB $ 1.05
$ 93.27M
$ 93.27 million
+0.00%
40 LCX LCX $ 0.0461
$ 43.82M
$ 43.82 million
-31.21%
41 THORChain Yield TCY $ 0.138
$ 28.94M
$ 28.94 million
+10.70%
42 THORSwap THOR $ 0.0567
$ 28.34M
$ 28.34 million
+1.61%
43 Rujira RUJI $ 0.243
$ 18.13M
$ 18.13 million
+5.76%
44 WazirX WRX $ 0.0363
$ 15.22M
$ 15.22 million
+0.67%
45 Bitrue Coin BTR $ 0.0185
$ 14.80M
$ 14.80 million
+0.46%
46 ASD ASD $ 0.0182
$ 13.51M
$ 13.51 million
-0.98%
47 Minswap MIN $ 0.00622
$ 10.93M
$ 10.93 million
+2.79%
48 CoinEx Token CET $ 0.0294
$ 5.92M
$ 5.92 million
+6.37%
49 Camelot Token GRAIL $ 84.36
$ 2.04M
$ 2.04 million
+5.67%
50 Time TIME $ 2.87
$ 2.04M
$ 2.04 million
-0.26%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Jupiter JUP $ 0.166
$ 579.32M
$ 579.32 million
+13.22%
Hyperliquid HYPE $ 30.75
$ 9.22B
$ 9.22 billion
+12.29%
Aerodrome AERO $ 0.350
$ 322.45M
$ 322.45 million
+10.22%
Cetus CETUS $ 0.0162
$ 14.77M
$ 14.77 million
+8.66%
JOE JOE $ 0.0369
$ 8.08M
$ 8.08 million
+8.54%
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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