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 $ 606.94
$ 80.82B
$ 80.82 billion
-0.67%
2 Hyperliquid HYPE $ 55.69
$ 16.65B
$ 16.65 billion
-3.22%
3 LEO LEO $ 9.19
$ 8.46B
$ 8.46 billion
-3.28%
4 Cronos CRO $ 0.0483
$ 2.29B
$ 2.29 billion
+2.92%
5 OKB OKB $ 107.83
$ 2.27B
$ 2.27 billion
+4.92%
6 Uniswap UNI $ 3.20
$ 2.00B
$ 2.00 billion
-8.22%
7 HTX HTX $ 0.0₅181
$ 1.62B
$ 1.62 billion
-0.72%
8 Bitget Token BGB $ 1.65
$ 1.15B
$ 1.15 billion
-0.51%
9 KuCoin Token KCS $ 6.59
$ 903.66M
$ 903.66 million
-1.03%
10 GateToken GT $ 6.71
$ 738.42M
$ 738.42 million
-1.12%
11 Jupiter JUP $ 0.169
$ 562.32M
$ 562.32 million
-0.11%
12 PancakeSwap CAKE $ 1.42
$ 456.17M
$ 456.17 million
-1.24%
13 Aerodrome AERO $ 0.400
$ 391.13M
$ 391.13 million
-2.82%
14 Curve DAO Token CRV $ 0.241
$ 373.16M
$ 373.16 million
-5.08%
15 Sun SUN $ 0.0181
$ 347.79M
$ 347.79 million
-0.35%
16 Raydium RAY $ 0.624
$ 168.29M
$ 168.29 million
-0.14%
17 MX Token MX $ 1.63
$ 149.56M
$ 149.56 million
+0.65%
18 THORChain RUNE $ 0.420
$ 141.91M
$ 141.91 million
-1.44%
19 FTX Token FTT $ 0.211
$ 69.39M
$ 69.39 million
+6.28%
20 KUB Coin KUB $ 0.525
$ 46.72M
$ 46.72 million
-1.18%
21 SUSHI SUSHI $ 0.157
$ 45.96M
$ 45.96 million
-1.72%
22 Gemini dollar GUSD $ 1.00
$ 30.54M
$ 30.54 million
+0.02%
23 Osmosis OSMO $ 0.0302
$ 23.72M
$ 23.72 million
-1.28%
24 Velodrome Finance VELO $ 0.0170
$ 21.74M
$ 21.74 million
-0.45%
25 Cetus CETUS $ 0.0200
$ 19.20M
$ 19.20 million
+2.82%
26 DODO DODO $ 0.0223
$ 17.31M
$ 17.31 million
-4.30%
27 Quickswap[New] QUICK $ 0.00810
$ 15.28M
$ 15.28 million
+1.20%
28 Loopring LRC $ 0.00882
$ 12.08M
$ 12.08 million
-3.42%
29 Maverick Protocol MAV $ 0.00916
$ 9.59M
$ 9.59 million
+2.35%
30 THENA THE $ 0.0597
$ 8.57M
$ 8.57 million
+4.27%
31 Balancer BAL $ 0.106
$ 7.32M
$ 7.32 million
+1.67%
32 JOE JOE $ 0.0275
$ 6.03M
$ 6.03 million
+0.93%
33 Minswap MIN $ 0.00297
$ 5.10M
$ 5.10 million
-1.41%
34 Pangolin PNG $ 0.0199
$ 4.69M
$ 4.69 million
-0.07%
35 Bluefin BLUE $ 0.00738
$ 4.14M
$ 4.14 million
-1.50%
36 SAROS SAROS $ 0.000290
$ 907,632
$ 907,632
+0.65%

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

37 BTSE Token BTSE $ 0.906
$ 146.89M
$ 146.89 million
+1.67%
38 Huobi Token HT $ 0.102
$ 50.78M
$ 50.78 million
+4.15%
39 THORChain Yield TCY $ 0.127
$ 26.73M
$ 26.73 million
+1.16%
40 THORSwap THOR $ 0.0404
$ 20.21M
$ 20.21 million
-1.34%
41 BitMart Token BMX $ 0.0567
$ 18.50M
$ 18.50 million
-0.89%
42 VVS Finance VVS $ 0.0₆833
$ 13.42M
$ 13.42 million
+2.83%
43 Rujira RUJI $ 0.172
$ 12.78M
$ 12.78 million
-1.52%
44 Bitrue Coin BTR $ 0.00927
$ 7.43M
$ 7.43 million
+0.71%
45 WazirX WRX $ 0.0144
$ 6.02M
$ 6.02 million
-3.62%
46 Time TIME $ 6.51
$ 4.62M
$ 4.62 million
-8.89%
47 LCX LCX $ 0.0149
$ 3.82M
$ 3.82 million
+0.19%
48 CoinEx Token CET $ 0.0123
$ 2.47M
$ 2.47 million
+0.46%
49 THORChain (ERC20) RUNE $ 0.419
$ 1.45M
$ 1.45 million
-1.62%
50 Verse VERSE $ 0.0000174
$ 902,731
$ 902,731
-2.11%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
FTX Token FTT $ 0.211
$ 69.39M
$ 69.39 million
+6.28%
OKB OKB $ 107.83
$ 2.27B
$ 2.27 billion
+4.92%
THENA THE $ 0.0597
$ 8.57M
$ 8.57 million
+4.27%
Cronos CRO $ 0.0483
$ 2.29B
$ 2.29 billion
+2.92%
Cetus CETUS $ 0.0200
$ 19.20M
$ 19.20 million
+2.82%
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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