Exchange Tokens

147 coins #18

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Live Price Market cap 24h
1 BNB BNB $ 579.80
$ 78.15B
$ 78.15 billion
+0.68%
2 Hyperliquid HYPE $ 70.52
$ 21.04B
$ 21.04 billion
+2.63%
3 LEO LEO $ 9.38
$ 8.63B
$ 8.63 billion
+1.51%
4 Cronos CRO $ 0.0596
$ 2.75B
$ 2.75 billion
-0.05%
5 Uniswap UNI $ 3.16
$ 1.96B
$ 1.96 billion
+0.34%
6 OKB OKB $ 80.01
$ 1.68B
$ 1.68 billion
+0.38%
7 Bitget Token BGB $ 1.68
$ 1.18B
$ 1.18 billion
-2.13%
8 KuCoin Token KCS $ 7.11
$ 975.84M
$ 975.84 million
-0.00%
9 Jupiter JUP $ 0.240
$ 795.41M
$ 795.41 million
+0.62%
10 GateToken GT $ 6.76
$ 761.77M
$ 761.77 million
+0.26%
11 Aerodrome AERO $ 0.567
$ 546.06M
$ 546.06 million
+0.67%
12 PancakeSwap CAKE $ 1.44
$ 466.54M
$ 466.54 million
+4.97%
13 Sun SUN $ 0.0178
$ 342.65M
$ 342.65 million
+2.70%
14 Curve DAO Token CRV $ 0.208
$ 307.31M
$ 307.31 million
-0.53%
15 Raydium RAY $ 0.720
$ 194.02M
$ 194.02 million
+1.94%
16 MX Token MX $ 1.66
$ 152.83M
$ 152.83 million
+0.30%
17 THORChain RUNE $ 0.411
$ 138.97M
$ 138.97 million
-0.22%
18 FTX Token FTT $ 0.234
$ 76.93M
$ 76.93 million
-1.43%
19 KUB Coin KUB $ 0.708
$ 63.07M
$ 63.07 million
-1.68%
20 SUSHI SUSHI $ 0.160
$ 46.30M
$ 46.30 million
+0.72%
21 Gemini dollar GUSD $ 1.00
$ 36.74M
$ 36.74 million
+0.03%
22 Osmosis OSMO $ 0.0374
$ 29.09M
$ 29.09 million
+1.20%
23 Velodrome Finance VELO $ 0.0235
$ 29.01M
$ 29.01 million
-0.56%
24 Cetus CETUS $ 0.0187
$ 17.74M
$ 17.74 million
+1.62%
25 Loopring LRC $ 0.0123
$ 16.89M
$ 16.89 million
+0.48%
26 Quickswap[New] QUICK $ 0.00764
$ 14.41M
$ 14.41 million
+1.71%
27 DODO DODO $ 0.0172
$ 13.37M
$ 13.37 million
-1.41%
28 Maverick Protocol MAV $ 0.00963
$ 7.74M
$ 7.74 million
-0.77%
29 THENA THE $ 0.0577
$ 7.24M
$ 7.24 million
-4.99%
30 JOE JOE $ 0.0295
$ 6.47M
$ 6.47 million
-0.44%
31 Balancer BAL $ 0.0929
$ 6.33M
$ 6.33 million
+1.62%
32 Pangolin PNG $ 0.0226
$ 5.32M
$ 5.32 million
+1.17%
33 Bluefin BLUE $ 0.00997
$ 5.24M
$ 5.24 million
-10.62%
34 HTX HTX $ 0.0₅178
$ 3.36M
$ 3.36 million
+3.12%
35 SAROS SAROS $ 0.000383
$ 987,052
$ 987,052
-14.01%

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

36 BitMart Token BMX $ 0.324
$ 105.63M
$ 105.63 million
-3.26%
37 LCX LCX $ 0.0225
$ 21.28M
$ 21.28 million
-4.03%
38 THORChain Yield TCY $ 0.0906
$ 19.04M
$ 19.04 million
+5.80%
39 Huobi Token HT $ 0.0350
$ 17.50M
$ 17.50 million
+2.94%
40 VVS Finance VVS $ 0.0₅103
$ 16.65M
$ 16.65 million
+0.03%
41 THORSwap THOR $ 0.0332
$ 16.60M
$ 16.60 million
-6.85%
42 Rujira RUJI $ 0.209
$ 15.55M
$ 15.55 million
-0.25%
43 Bitrue Coin BTR $ 0.0100
$ 8.04M
$ 8.04 million
-1.92%
44 WazirX WRX $ 0.0187
$ 7.83M
$ 7.83 million
-2.05%
45 Minswap MIN $ 0.00348
$ 6.01M
$ 6.01 million
-1.23%
46 Time TIME $ 5.94
$ 4.22M
$ 4.22 million
+0.91%
47 ASD ASD $ 0.00397
$ 2.95M
$ 2.95 million
-3.17%
48 CoinEx Token CET $ 0.0119
$ 2.40M
$ 2.40 million
+0.90%
49 IDEX IDEX $ 0.00142
$ 1.42M
$ 1.42 million
+2.12%
50 THORChain (ERC20) RUNE $ 0.410
$ 1.42M
$ 1.42 million
-0.07%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
PancakeSwap CAKE $ 1.44
$ 466.54M
$ 466.54 million
+4.97%
HTX HTX $ 0.0₅178
$ 3.36M
$ 3.36 million
+3.12%
Sun SUN $ 0.0178
$ 342.65M
$ 342.65 million
+2.70%
Hyperliquid HYPE $ 70.52
$ 21.04B
$ 21.04 billion
+2.63%
Raydium RAY $ 0.720
$ 194.02M
$ 194.02 million
+1.94%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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