Exchange Tokens

145 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 $ 627.44
$ 84.57B
$ 84.57 billion
+1.19%
2 Hyperliquid HYPE $ 41.68
$ 12.44B
$ 12.44 billion
+1.37%
3 Cronos CRO $ 0.0688
$ 3.00B
$ 3.00 billion
+0.86%
4 Uniswap UNI $ 3.32
$ 2.12B
$ 2.12 billion
+2.37%
5 OKB OKB $ 85.48
$ 1.80B
$ 1.80 billion
-0.68%
6 Bitget Token BGB $ 2.05
$ 1.44B
$ 1.44 billion
+2.39%
7 KuCoin Token KCS $ 8.40
$ 1.13B
$ 1.13 billion
+0.04%
8 GateToken GT $ 7.30
$ 822.28M
$ 822.28 million
+0.42%
9 Jupiter JUP $ 0.181
$ 599.94M
$ 599.94 million
+2.24%
10 PancakeSwap CAKE $ 1.51
$ 493.09M
$ 493.09 million
-0.15%
11 Aerodrome AERO $ 0.452
$ 420.02M
$ 420.02 million
-0.31%
12 Sun SUN $ 0.0192
$ 368.64M
$ 368.64 million
-0.40%
13 Curve DAO Token CRV $ 0.238
$ 350.49M
$ 350.49 million
+1.01%
14 Raydium RAY $ 0.794
$ 213.56M
$ 213.56 million
-2.71%
15 THORChain RUNE $ 0.524
$ 184.04M
$ 184.04 million
+1.26%
16 MX Token MX $ 1.76
$ 161.61M
$ 161.61 million
-0.15%
17 FTX Token FTT $ 0.293
$ 96.31M
$ 96.31 million
-0.32%
18 KUB Coin KUB $ 0.870
$ 77.43M
$ 77.43 million
-1.19%
19 SUSHI SUSHI $ 0.219
$ 63.19M
$ 63.19 million
-0.26%
20 Gemini dollar GUSD $ 0.999
$ 37.67M
$ 37.67 million
-0.08%
21 Rujira RUJI $ 0.354
$ 26.37M
$ 26.37 million
+5.68%
22 Cetus CETUS $ 0.0280
$ 26.17M
$ 26.17 million
-0.78%
23 Osmosis OSMO $ 0.0313
$ 24.16M
$ 24.16 million
+0.22%
24 Loopring LRC $ 0.0169
$ 23.19M
$ 23.19 million
+0.51%
25 Velodrome Finance VELO $ 0.0175
$ 20.28M
$ 20.28 million
+3.51%
26 VVS Finance VVS $ 0.0₅125
$ 20.17M
$ 20.17 million
+0.61%
27 Quickswap[New] QUICK $ 0.00961
$ 17.87M
$ 17.87 million
+3.97%
28 DODO DODO $ 0.0196
$ 15.30M
$ 15.30 million
-0.08%
29 THENA THE $ 0.103
$ 13.24M
$ 13.24 million
+3.19%
30 Maverick Protocol MAV $ 0.0158
$ 12.71M
$ 12.71 million
+2.62%
31 JOE JOE $ 0.0479
$ 10.48M
$ 10.48 million
+1.05%
32 Balancer BAL $ 0.152
$ 10.35M
$ 10.35 million
-1.80%
33 Bluefin BLUE $ 0.0167
$ 7.90M
$ 7.90 million
+3.08%
34 Pangolin PNG $ 0.0272
$ 6.27M
$ 6.27 million
+0.15%
35 HTX HTX $ 0.0₅191
$ 3.61M
$ 3.61 million
+0.99%
36 IDEX IDEX $ 0.00191
$ 1.91M
$ 1.91 million
-2.11%

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

37 LEO LEO $ 10.32
$ 9.49B
$ 9.49 billion
-0.20%
38 BitMart Token BMX $ 0.324
$ 105.65M
$ 105.65 million
+0.49%
39 LCX LCX $ 0.0950
$ 90.17M
$ 90.17 million
+6.30%
40 Huobi Token HT $ 0.163
$ 81.35M
$ 81.35 million
+2.91%
41 THORChain Yield TCY $ 0.142
$ 29.79M
$ 29.79 million
+3.27%
42 THORSwap THOR $ 0.0457
$ 22.83M
$ 22.83 million
+12.38%
43 WazirX WRX $ 0.0279
$ 11.70M
$ 11.70 million
+1.12%
44 Bitrue Coin BTR $ 0.0118
$ 9.46M
$ 9.46 million
-3.93%
45 Minswap MIN $ 0.00455
$ 7.99M
$ 7.99 million
+0.18%
46 ASD ASD $ 0.00909
$ 6.75M
$ 6.75 million
-4.11%
47 CoinEx Token CET $ 0.0280
$ 5.63M
$ 5.63 million
-0.22%
48 Time TIME $ 3.63
$ 2.58M
$ 2.58 million
-2.68%
49 THORChain (ERC20) RUNE $ 0.523
$ 1.81M
$ 1.81 million
+1.44%
50 Camelot Token GRAIL $ 68.10
$ 1.72M
$ 1.72 million
-0.19%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Rujira RUJI $ 0.354
$ 26.37M
$ 26.37 million
+5.68%
Quickswap[New] QUICK $ 0.00961
$ 17.87M
$ 17.87 million
+3.97%
Velodrome Finance VELO $ 0.0175
$ 20.28M
$ 20.28 million
+3.51%
THENA THE $ 0.103
$ 13.24M
$ 13.24 million
+3.19%
Bluefin BLUE $ 0.0167
$ 7.90M
$ 7.90 million
+3.08%
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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