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 $ 631.79
$ 85.15B
$ 85.15 billion
-0.74%
2 Hyperliquid HYPE $ 41.50
$ 12.40B
$ 12.40 billion
+1.57%
3 Cronos CRO $ 0.0703
$ 3.06B
$ 3.06 billion
+1.14%
4 Uniswap UNI $ 3.25
$ 2.07B
$ 2.07 billion
-0.30%
5 OKB OKB $ 84.42
$ 1.77B
$ 1.77 billion
+0.76%
6 Bitget Token BGB $ 1.96
$ 1.37B
$ 1.37 billion
-2.03%
7 KuCoin Token KCS $ 8.51
$ 1.15B
$ 1.15 billion
+0.81%
8 GateToken GT $ 7.33
$ 843.89M
$ 843.89 million
-0.41%
9 Jupiter JUP $ 0.173
$ 615.27M
$ 615.27 million
+0.01%
10 PancakeSwap CAKE $ 1.51
$ 493.44M
$ 493.44 million
-0.24%
11 Aerodrome AERO $ 0.431
$ 399.39M
$ 399.39 million
+1.02%
12 Sun SUN $ 0.0186
$ 358.54M
$ 358.54 million
-1.06%
13 Curve DAO Token CRV $ 0.226
$ 333.21M
$ 333.21 million
+1.37%
14 Raydium RAY $ 0.692
$ 185.59M
$ 185.59 million
+4.31%
15 THORChain RUNE $ 0.480
$ 168.48M
$ 168.48 million
-0.65%
16 MX Token MX $ 1.77
$ 162.10M
$ 162.10 million
-0.17%
17 BitMart Token BMX $ 0.321
$ 104.88M
$ 104.88 million
+0.20%
18 FTX Token FTT $ 0.291
$ 95.82M
$ 95.82 million
-2.50%
19 KUB Coin KUB $ 0.883
$ 78.51M
$ 78.51 million
-1.84%
20 SUSHI SUSHI $ 0.224
$ 64.58M
$ 64.58 million
+1.47%
21 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
-0.02%
22 Cetus CETUS $ 0.0306
$ 28.58M
$ 28.58 million
+8.85%
23 Osmosis OSMO $ 0.0331
$ 25.49M
$ 25.49 million
+1.23%
24 Loopring LRC $ 0.0171
$ 23.46M
$ 23.46 million
-0.12%
25 Quickswap[New] QUICK $ 0.0115
$ 21.36M
$ 21.36 million
-1.44%
26 Velodrome Finance VELO $ 0.0163
$ 18.82M
$ 18.82 million
-0.40%
27 DODO DODO $ 0.0203
$ 15.82M
$ 15.82 million
+1.64%
28 THENA THE $ 0.103
$ 13.31M
$ 13.31 million
-1.02%
29 Maverick Protocol MAV $ 0.0163
$ 13.09M
$ 13.09 million
+1.04%
30 JOE JOE $ 0.0464
$ 10.16M
$ 10.16 million
-2.80%
31 Balancer BAL $ 0.148
$ 10.10M
$ 10.10 million
+0.78%
32 Bluefin BLUE $ 0.0174
$ 8.24M
$ 8.24 million
-1.05%
33 Pangolin PNG $ 0.0281
$ 6.47M
$ 6.47 million
-1.96%
34 HTX HTX $ 0.0₅181
$ 3.42M
$ 3.42 million
-1.03%
35 IDEX IDEX $ 0.00233
$ 2.33M
$ 2.33 million
-4.01%

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

36 LEO LEO $ 10.26
$ 9.45B
$ 9.45 billion
+1.20%
37 LCX LCX $ 0.0977
$ 92.78M
$ 92.78 million
-6.57%
38 Huobi Token HT $ 0.172
$ 86.05M
$ 86.05 million
-0.92%
39 THORSwap THOR $ 0.0642
$ 32.10M
$ 32.10 million
+0.32%
40 THORChain Yield TCY $ 0.134
$ 28.10M
$ 28.10 million
-2.99%
41 VVS Finance VVS $ 0.0₅130
$ 20.86M
$ 20.86 million
+0.81%
42 Rujira RUJI $ 0.216
$ 16.10M
$ 16.10 million
-0.34%
43 WazirX WRX $ 0.0293
$ 12.29M
$ 12.29 million
-3.01%
44 Bitrue Coin BTR $ 0.0134
$ 10.73M
$ 10.73 million
-0.87%
45 ASD ASD $ 0.0138
$ 10.26M
$ 10.26 million
+0.00%
46 Minswap MIN $ 0.00518
$ 9.07M
$ 9.07 million
+0.05%
47 CoinEx Token CET $ 0.0289
$ 5.82M
$ 5.82 million
+0.89%
48 Camelot Token GRAIL $ 75.28
$ 1.90M
$ 1.90 million
-0.57%
49 Time TIME $ 2.43
$ 1.73M
$ 1.73 million
+1.67%
50 THORChain (ERC20) RUNE $ 0.479
$ 1.66M
$ 1.66 million
-0.85%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Cetus CETUS $ 0.0306
$ 28.58M
$ 28.58 million
+8.85%
Raydium RAY $ 0.692
$ 185.59M
$ 185.59 million
+4.31%
DODO DODO $ 0.0203
$ 15.82M
$ 15.82 million
+1.64%
Hyperliquid HYPE $ 41.50
$ 12.40B
$ 12.40 billion
+1.57%
SUSHI SUSHI $ 0.224
$ 64.58M
$ 64.58 million
+1.47%
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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