Exchange Tokens

140 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 $ 629.76
$ 85.87B
$ 85.87 billion
+2.94%
2 Hyperliquid HYPE $ 30.34
$ 9.10B
$ 9.10 billion
+2.48%
3 LEO LEO $ 8.62
$ 7.95B
$ 7.95 billion
-0.95%
4 Cronos CRO $ 0.0787
$ 3.23B
$ 3.23 billion
+0.72%
5 Uniswap UNI $ 3.64
$ 2.31B
$ 2.31 billion
+6.39%
6 OKB OKB $ 79.53
$ 1.67B
$ 1.67 billion
+0.09%
7 Bitget Token BGB $ 2.33
$ 1.63B
$ 1.63 billion
-1.06%
8 KuCoin Token KCS $ 8.52
$ 1.13B
$ 1.13 billion
+1.41%
9 GateToken GT $ 7.18
$ 826.87M
$ 826.87 million
+0.36%
10 Jupiter JUP $ 0.160
$ 518.63M
$ 518.63 million
+2.38%
11 PancakeSwap CAKE $ 1.32
$ 436.00M
$ 436.00 million
+3.97%
12 Curve DAO Token CRV $ 0.246
$ 359.97M
$ 359.97 million
+1.18%
13 Sun SUN $ 0.0170
$ 325.73M
$ 325.73 million
-0.27%
14 Aerodrome AERO $ 0.326
$ 300.32M
$ 300.32 million
+2.25%
15 Raydium RAY $ 0.658
$ 176.86M
$ 176.86 million
+0.31%
16 MX Token MX $ 1.80
$ 165.42M
$ 165.42 million
+0.08%
17 THORChain RUNE $ 0.416
$ 145.89M
$ 145.89 million
+4.08%
18 FTX Token FTT $ 0.350
$ 115.19M
$ 115.19 million
-0.40%
19 KUB Coin KUB $ 1.03
$ 91.91M
$ 91.91 million
+0.40%
20 SUSHI SUSHI $ 0.213
$ 62.35M
$ 62.35 million
+5.30%
21 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
+0.02%
22 Loopring LRC $ 0.0344
$ 47.07M
$ 47.07 million
+6.32%
23 THENA THE $ 0.265
$ 33.30M
$ 33.30 million
+0.48%
24 Osmosis OSMO $ 0.0370
$ 28.27M
$ 28.27 million
+1.39%
25 VVS Finance VVS $ 0.0₅153
$ 24.70M
$ 24.70 million
-0.17%
26 Velodrome Finance VELO $ 0.0150
$ 16.26M
$ 16.26 million
+5.94%
27 Cetus CETUS $ 0.0172
$ 15.64M
$ 15.64 million
+3.94%
28 DODO DODO $ 0.0160
$ 12.47M
$ 12.47 million
+3.00%
29 Maverick Protocol MAV $ 0.0159
$ 11.40M
$ 11.40 million
-0.41%
30 Balancer BAL $ 0.149
$ 10.17M
$ 10.17 million
-0.67%
31 JOE JOE $ 0.0390
$ 8.54M
$ 8.54 million
+9.76%
32 Bluefin BLUE $ 0.0206
$ 8.14M
$ 8.14 million
-0.03%
33 Quickswap[New] QUICK $ 0.00952
$ 7.06M
$ 7.06 million
+1.43%
34 IDEX IDEX $ 0.00696
$ 6.96M
$ 6.96 million
+1.85%
35 Pangolin PNG $ 0.0257
$ 5.93M
$ 5.93 million
-0.37%
36 HTX HTX $ 0.0₅170
$ 3.20M
$ 3.20 million
-0.19%

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

37 Huobi Token HT $ 0.248
$ 124.05M
$ 124.05 million
-0.16%
38 BitMart Token BMX $ 0.355
$ 115.73M
$ 115.73 million
-1.90%
39 LCX LCX $ 0.0483
$ 45.90M
$ 45.90 million
-0.05%
40 THORSwap THOR $ 0.0592
$ 29.61M
$ 29.61 million
+6.06%
41 THORChain Yield TCY $ 0.0884
$ 18.56M
$ 18.56 million
+19.34%
42 Rujira RUJI $ 0.238
$ 17.70M
$ 17.70 million
+2.19%
43 WazirX WRX $ 0.0404
$ 16.95M
$ 16.95 million
-0.81%
44 Bitrue Coin BTR $ 0.0188
$ 15.03M
$ 15.03 million
+0.54%
45 ASD ASD $ 0.0171
$ 12.73M
$ 12.73 million
-2.83%
46 Minswap MIN $ 0.00611
$ 10.76M
$ 10.76 million
+4.12%
47 CoinEx Token CET $ 0.0280
$ 5.62M
$ 5.62 million
+0.66%
48 Time TIME $ 3.12
$ 2.22M
$ 2.22 million
-0.18%
49 LATOKEN LA $ 0.00500
$ 2.00M
$ 2.00 million
+0.20%
50 Camelot Token GRAIL $ 78.28
$ 1.89M
$ 1.89 million
-2.09%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
JOE JOE $ 0.0390
$ 8.54M
$ 8.54 million
+9.76%
Uniswap UNI $ 3.64
$ 2.31B
$ 2.31 billion
+6.39%
Loopring LRC $ 0.0344
$ 47.07M
$ 47.07 million
+6.32%
Velodrome Finance VELO $ 0.0150
$ 16.26M
$ 16.26 million
+5.94%
SUSHI SUSHI $ 0.213
$ 62.35M
$ 62.35 million
+5.30%
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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