Exchange Tokens

69 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 $ 881.83
$ 121.46B
$ 121.46 billion
-3.47%
2 LEO LEO $ 9.20
$ 8.48B
$ 8.48 billion
+1.60%
3 Hyperliquid HYPE $ 26.36
$ 7.97B
$ 7.97 billion
-3.45%
4 WhiteBIT Coin WBT $ 55.65
$ 4.84B
$ 4.84 billion
-2.27%
5 Uniswap UNI $ 5.55
$ 3.99B
$ 3.99 billion
-6.85%
6 Cronos CRO $ 0.0991
$ 3.82B
$ 3.82 billion
-7.26%
7 Bitget Token BGB $ 3.51
$ 2.46B
$ 2.46 billion
-1.29%
8 OKB OKB $ 110.04
$ 2.31B
$ 2.31 billion
-2.61%
9 KuCoin Token KCS $ 11.38
$ 1.50B
$ 1.50 billion
-1.55%
10 GateToken GT $ 10.31
$ 826.73M
$ 826.73 million
-1.53%
11 Jupiter JUP $ 0.212
$ 675.53M
$ 675.53 million
-5.16%
12 PancakeSwap CAKE $ 1.93
$ 646.63M
$ 646.63 million
-3.30%
13 Curve DAO Token CRV $ 0.411
$ 601.53M
$ 601.53 million
-2.03%
14 Aerodrome AERO $ 0.544
$ 495.90M
$ 495.90 million
-6.82%
15 Sun SUN $ 0.0202
$ 387.16M
$ 387.16 million
+0.64%
16 Raydium RAY $ 1.16
$ 312.08M
$ 312.08 million
-4.05%
17 THORChain RUNE $ 0.577
$ 202.60M
$ 202.60 million
-2.92%
18 MX Token MX $ 2.07
$ 191.69M
$ 191.69 million
-1.59%
19 FTX Token FTT $ 0.527
$ 173.44M
$ 173.44 million
-2.05%
20 KUB Coin KUB $ 1.25
$ 111.64M
$ 111.64 million
-1.49%
21 SUSHI SUSHI $ 0.325
$ 95.00M
$ 95.00 million
-5.86%
22 Loopring LRC $ 0.0518
$ 70.91M
$ 70.91 million
-4.23%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0624
$ 59.23M
$ 59.23 million
-11.26%
24 Gemini dollar GUSD $ 1.00
$ 45.59M
$ 45.59 million
+0.04%
25 Osmosis OSMO $ 0.0574
$ 43.51M
$ 43.51 million
-3.73%
26 Balancer BAL $ 0.550
$ 37.42M
$ 37.42 million
-1.72%
27 VVS Finance VVS $ 0.0₅200
$ 32.20M
$ 32.20 million
-6.40%
28 THENA THE $ 0.222
$ 28.31M
$ 28.31 million
+1.37%
29 Velodrome Finance VELO $ 0.0231
$ 24.69M
$ 24.69 million
-3.76%
30 Maverick Protocol MAV $ 0.0275
$ 18.37M
$ 18.37 million
-5.36%
31 DODO DODO $ 0.0189
$ 14.48M
$ 14.48 million
-7.22%
32 JOE JOE $ 0.0656
$ 14.37M
$ 14.37 million
-7.53%
33 Bluefin BLUE $ 0.0359
$ 14.16M
$ 14.16 million
-3.28%
34 Pangolin PNG $ 0.0433
$ 9.73M
$ 9.73 million
+0.01%
35 Quickswap[New] QUICK $ 0.0126
$ 9.36M
$ 9.36 million
-2.90%
36 IDEX IDEX $ 0.00931
$ 9.31M
$ 9.31 million
-3.84%
37 Cetus CETUS $ 0.0271
$ 9.13M
$ 9.13 million
-4.72%
38 HTX HTX $ 0.0₅168
$ 3.14M
$ 3.14 million
+0.10%
39 Time TIME $ 4.10
$ 2.91M
$ 2.91 million
-0.88%

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

40 Tokenize Xchange TKX $ 1.78
$ 142.64M
$ 142.64 million
-2.57%
41 BitMart Token BMX $ 0.360
$ 68.38M
$ 68.38 million
-0.63%
42 Huobi Token HT $ 0.100
$ 50.00M
$ 50.00 million
-0.99%
43 THORSwap THOR $ 0.0713
$ 35.63M
$ 35.63 million
-1.17%
44 THORChain Yield TCY $ 0.137
$ 28.74M
$ 28.74 million
+0.24%
45 Rujira RUJI $ 0.368
$ 27.41M
$ 27.41 million
-2.66%
46 Bitrue Coin BTR $ 0.0250
$ 20.06M
$ 20.06 million
-1.65%
47 WazirX WRX $ 0.0474
$ 19.86M
$ 19.86 million
-8.85%
48 Minswap MIN $ 0.00954
$ 16.74M
$ 16.74 million
-6.50%
49 ASD ASD $ 0.0185
$ 13.77M
$ 13.77 million
-3.54%
50 MCDex MCB $ 2.42
$ 11.64M
$ 11.64 million
-0.21%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
LEO LEO $ 9.20
$ 8.48B
$ 8.48 billion
+1.60%
THENA THE $ 0.222
$ 28.31M
$ 28.31 million
+1.37%
Sun SUN $ 0.0202
$ 387.16M
$ 387.16 million
+0.64%
HTX HTX $ 0.0₅168
$ 3.14M
$ 3.14 million
+0.10%
Gemini dollar GUSD $ 1.00
$ 45.59M
$ 45.59 million
+0.04%
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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