Exchange Tokens

145 coins #17

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 $ 718.48
$ 96.86B
$ 96.86 billion
+11.80%
2 Hyperliquid HYPE $ 68.06
$ 20.30B
$ 20.30 billion
+5.49%
3 LEO LEO $ 10.04
$ 9.25B
$ 9.25 billion
+0.80%
4 Cronos CRO $ 0.0679
$ 3.04B
$ 3.04 billion
-0.17%
5 Uniswap UNI $ 3.05
$ 1.94B
$ 1.94 billion
+0.93%
6 OKB OKB $ 90.39
$ 1.90B
$ 1.90 billion
+3.74%
7 Bitget Token BGB $ 2.16
$ 1.51B
$ 1.51 billion
+8.58%
8 KuCoin Token KCS $ 7.95
$ 1.07B
$ 1.07 billion
+0.29%
9 GateToken GT $ 6.99
$ 787.89M
$ 787.89 million
+2.56%
10 Jupiter JUP $ 0.184
$ 612.38M
$ 612.38 million
-1.08%
11 PancakeSwap CAKE $ 1.49
$ 485.77M
$ 485.77 million
+10.42%
12 Aerodrome AERO $ 0.418
$ 395.22M
$ 395.22 million
+0.76%
13 Sun SUN $ 0.0182
$ 349.49M
$ 349.49 million
-0.12%
14 Curve DAO Token CRV $ 0.214
$ 316.12M
$ 316.12 million
+0.69%
15 Raydium RAY $ 0.716
$ 192.70M
$ 192.70 million
+0.27%
16 MX Token MX $ 1.77
$ 162.90M
$ 162.90 million
+0.18%
17 THORChain RUNE $ 0.427
$ 149.45M
$ 149.45 million
+1.45%
18 FTX Token FTT $ 0.298
$ 98.11M
$ 98.11 million
+2.35%
19 KUB Coin KUB $ 0.802
$ 71.40M
$ 71.40 million
-0.78%
20 SUSHI SUSHI $ 0.194
$ 56.08M
$ 56.08 million
+0.63%
21 Osmosis OSMO $ 0.0523
$ 40.56M
$ 40.56 million
+0.81%
22 Cetus CETUS $ 0.0233
$ 22.04M
$ 22.04 million
+2.34%
23 Loopring LRC $ 0.0156
$ 21.38M
$ 21.38 million
-0.88%
24 Velodrome Finance VELO $ 0.0160
$ 19.11M
$ 19.11 million
+1.01%
25 Quickswap[New] QUICK $ 0.00886
$ 16.47M
$ 16.47 million
+10.57%
26 DODO DODO $ 0.0178
$ 13.86M
$ 13.86 million
+4.04%
27 THENA THE $ 0.0904
$ 11.68M
$ 11.68 million
+2.76%
28 Maverick Protocol MAV $ 0.0131
$ 10.55M
$ 10.55 million
+4.66%
29 Balancer BAL $ 0.132
$ 9.03M
$ 9.03 million
+0.01%
30 JOE JOE $ 0.0391
$ 8.56M
$ 8.56 million
+3.42%
31 Bluefin BLUE $ 0.0148
$ 7.40M
$ 7.40 million
+0.78%
32 Pangolin PNG $ 0.0282
$ 6.56M
$ 6.56 million
+2.60%
33 HTX HTX $ 0.0₅182
$ 3.44M
$ 3.44 million
+0.23%
34 IDEX IDEX $ 0.00163
$ 1.63M
$ 1.63 million
-1.03%

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

35 BTSE Token BTSE $ 1.05
$ 170.11M
$ 170.11 million
-0.76%
36 BitMart Token BMX $ 0.300
$ 97.79M
$ 97.79 million
-3.21%
37 LCX LCX $ 0.0824
$ 78.25M
$ 78.25 million
-0.65%
38 Huobi Token HT $ 0.141
$ 70.40M
$ 70.40 million
-0.56%
39 Gemini dollar GUSD $ 1.00
$ 37.74M
$ 37.74 million
+0.01%
40 THORChain Yield TCY $ 0.0948
$ 19.90M
$ 19.90 million
-2.58%
41 THORSwap THOR $ 0.0393
$ 19.63M
$ 19.63 million
-10.28%
42 VVS Finance VVS $ 0.0₅121
$ 19.48M
$ 19.48 million
+0.13%
43 Rujira RUJI $ 0.251
$ 18.72M
$ 18.72 million
+1.07%
44 Bitrue Coin BTR $ 0.0122
$ 9.74M
$ 9.74 million
-0.54%
45 WazirX WRX $ 0.0218
$ 9.15M
$ 9.15 million
+2.78%
46 MCDex MCB $ 1.67
$ 8.01M
$ 8.01 million
-5.81%
47 Minswap MIN $ 0.00419
$ 7.28M
$ 7.28 million
+1.43%
48 ASD ASD $ 0.00749
$ 5.56M
$ 5.56 million
+0.13%
49 CoinEx Token CET $ 0.0212
$ 4.27M
$ 4.27 million
-0.23%
50 Time TIME $ 2.58
$ 1.83M
$ 1.83 million
+2.82%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
BNB BNB $ 718.48
$ 96.86B
$ 96.86 billion
+11.80%
Quickswap[New] QUICK $ 0.00886
$ 16.47M
$ 16.47 million
+10.57%
PancakeSwap CAKE $ 1.49
$ 485.77M
$ 485.77 million
+10.42%
Bitget Token BGB $ 2.16
$ 1.51B
$ 1.51 billion
+8.58%
Hyperliquid HYPE $ 68.06
$ 20.30B
$ 20.30 billion
+5.49%
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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