Exchange Tokens

139 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 $ 927.36
$ 126.47B
$ 126.47 billion
-2.29%
2 LEO LEO $ 9.29
$ 8.56B
$ 8.56 billion
+2.42%
3 Hyperliquid HYPE $ 23.85
$ 7.20B
$ 7.20 billion
-6.86%
4 Cronos CRO $ 0.0963
$ 3.83B
$ 3.83 billion
-5.06%
5 Uniswap UNI $ 5.00
$ 3.17B
$ 3.17 billion
-6.22%
6 Bitget Token BGB $ 3.70
$ 2.59B
$ 2.59 billion
-1.73%
7 OKB OKB $ 109.42
$ 2.30B
$ 2.30 billion
-4.32%
8 KuCoin Token KCS $ 11.12
$ 1.47B
$ 1.47 billion
-3.25%
9 GateToken GT $ 10.11
$ 1.16B
$ 1.16 billion
-2.16%
10 PancakeSwap CAKE $ 2.02
$ 695.53M
$ 695.53 million
-3.90%
11 Jupiter JUP $ 0.199
$ 633.63M
$ 633.63 million
-10.46%
12 Curve DAO Token CRV $ 0.393
$ 576.75M
$ 576.75 million
-5.08%
13 Aerodrome AERO $ 0.501
$ 457.98M
$ 457.98 million
-8.31%
14 Sun SUN $ 0.0215
$ 413.46M
$ 413.46 million
+2.55%
15 Raydium RAY $ 1.04
$ 279.07M
$ 279.07 million
-6.94%
16 THORChain RUNE $ 0.632
$ 221.79M
$ 221.79 million
-4.72%
17 MX Token MX $ 2.00
$ 184.84M
$ 184.84 million
-0.92%
18 FTX Token FTT $ 0.494
$ 162.75M
$ 162.75 million
-4.91%
19 KUB Coin KUB $ 1.29
$ 114.40M
$ 114.40 million
-2.21%
20 SUSHI SUSHI $ 0.306
$ 89.32M
$ 89.32 million
-11.98%
21 Loopring LRC $ 0.0477
$ 65.33M
$ 65.33 million
-10.00%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0586
$ 55.62M
$ 55.62 million
-1.79%
23 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
+0.00%
24 Osmosis OSMO $ 0.0540
$ 41.02M
$ 41.02 million
-6.82%
25 Balancer BAL $ 0.538
$ 36.67M
$ 36.67 million
-1.62%
26 THENA THE $ 0.248
$ 31.61M
$ 31.61 million
-4.07%
27 VVS Finance VVS $ 0.0₅194
$ 31.18M
$ 31.18 million
-4.43%
28 Velodrome Finance VELO $ 0.0216
$ 22.72M
$ 22.72 million
-9.59%
29 Cetus CETUS $ 0.0243
$ 21.77M
$ 21.77 million
-11.71%
30 Maverick Protocol MAV $ 0.0239
$ 17.14M
$ 17.14 million
-11.14%
31 DODO DODO $ 0.0170
$ 13.25M
$ 13.25 million
-9.16%
32 Bluefin BLUE $ 0.0336
$ 13.23M
$ 13.23 million
-2.37%
33 JOE JOE $ 0.0581
$ 12.69M
$ 12.69 million
-8.96%
34 IDEX IDEX $ 0.00941
$ 9.41M
$ 9.41 million
-5.84%
35 Quickswap[New] QUICK $ 0.0125
$ 9.26M
$ 9.26 million
-6.69%
36 Pangolin PNG $ 0.0367
$ 8.24M
$ 8.24 million
-6.36%
37 HTX HTX $ 0.0₅177
$ 3.34M
$ 3.34 million
-0.46%

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

38 Tokenize Xchange TKX $ 1.82
$ 145.49M
$ 145.49 million
-1.98%
39 Huobi Token HT $ 0.223
$ 111.30M
$ 111.30 million
+1.32%
40 BitMart Token BMX $ 0.397
$ 75.45M
$ 75.45 million
-4.61%
41 THORSwap THOR $ 0.0714
$ 35.71M
$ 35.71 million
-10.95%
42 THORChain Yield TCY $ 0.157
$ 32.94M
$ 32.94 million
-6.67%
43 Rujira RUJI $ 0.316
$ 23.53M
$ 23.53 million
-2.80%
44 WazirX WRX $ 0.0511
$ 21.41M
$ 21.41 million
-4.49%
45 Bitrue Coin BTR $ 0.0237
$ 19.03M
$ 19.03 million
-0.98%
46 Minswap MIN $ 0.00851
$ 14.92M
$ 14.92 million
-7.81%
47 ASD ASD $ 0.0181
$ 13.45M
$ 13.45 million
-1.31%
48 CoinEx Token CET $ 0.0332
$ 6.67M
$ 6.67 million
-2.75%
49 Camelot Token GRAIL $ 127.83
$ 3.09M
$ 3.09 million
-6.98%
50 Time TIME $ 4.01
$ 2.85M
$ 2.85 million
-1.53%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Sun SUN $ 0.0215
$ 413.46M
$ 413.46 million
+2.55%
LEO LEO $ 9.29
$ 8.56B
$ 8.56 billion
+2.42%
Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
+0.00%
HTX HTX $ 0.0₅177
$ 3.34M
$ 3.34 million
-0.46%
MX Token MX $ 2.00
$ 184.84M
$ 184.84 million
-0.92%
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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