Exchange Tokens

139 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 $ 635.59
$ 86.66B
$ 86.66 billion
+0.96%
2 Hyperliquid HYPE $ 33.15
$ 9.96B
$ 9.96 billion
-0.01%
3 LEO LEO $ 7.74
$ 7.13B
$ 7.13 billion
+15.90%
4 Cronos CRO $ 0.0779
$ 3.10B
$ 3.10 billion
+4.04%
5 Uniswap UNI $ 3.47
$ 2.20B
$ 2.20 billion
+5.70%
6 Bitget Token BGB $ 2.65
$ 1.85B
$ 1.85 billion
+1.03%
7 OKB OKB $ 74.61
$ 1.57B
$ 1.57 billion
+5.98%
8 KuCoin Token KCS $ 8.13
$ 1.07B
$ 1.07 billion
+4.72%
9 GateToken GT $ 6.92
$ 797.10M
$ 797.10 million
+5.42%
10 Jupiter JUP $ 0.160
$ 519.39M
$ 519.39 million
+0.49%
11 PancakeSwap CAKE $ 1.35
$ 449.40M
$ 449.40 million
+2.07%
12 Curve DAO Token CRV $ 0.254
$ 372.73M
$ 372.73 million
+7.84%
13 Sun SUN $ 0.0162
$ 310.23M
$ 310.23 million
+0.04%
14 Aerodrome AERO $ 0.320
$ 293.54M
$ 293.54 million
+2.51%
15 MX Token MX $ 1.81
$ 165.80M
$ 165.80 million
+0.11%
16 Raydium RAY $ 0.591
$ 158.80M
$ 158.80 million
+0.43%
17 THORChain RUNE $ 0.408
$ 143.18M
$ 143.18 million
+2.61%
18 FTX Token FTT $ 0.310
$ 102.00M
$ 102.00 million
+8.40%
19 KUB Coin KUB $ 1.04
$ 92.52M
$ 92.52 million
+4.17%
20 Loopring LRC $ 0.0474
$ 64.81M
$ 64.81 million
-9.87%
21 SUSHI SUSHI $ 0.205
$ 59.87M
$ 59.87 million
+2.40%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0516
$ 48.96M
$ 48.96 million
+7.81%
23 Gemini dollar GUSD $ 0.999
$ 47.06M
$ 47.06 million
-0.20%
24 THENA THE $ 0.258
$ 32.48M
$ 32.48 million
+13.98%
25 Osmosis OSMO $ 0.0384
$ 29.24M
$ 29.24 million
+4.41%
26 VVS Finance VVS $ 0.0₅153
$ 24.60M
$ 24.60 million
+4.27%
27 Velodrome Finance VELO $ 0.0145
$ 15.54M
$ 15.54 million
+4.13%
28 Cetus CETUS $ 0.0164
$ 14.70M
$ 14.70 million
+3.57%
29 Maverick Protocol MAV $ 0.0176
$ 12.59M
$ 12.59 million
+1.45%
30 DODO DODO $ 0.0149
$ 11.63M
$ 11.63 million
+4.24%
31 Balancer BAL $ 0.164
$ 11.20M
$ 11.20 million
-0.11%
32 JOE JOE $ 0.0396
$ 8.66M
$ 8.66 million
+6.68%
33 Bluefin BLUE $ 0.0201
$ 7.95M
$ 7.95 million
-0.05%
34 IDEX IDEX $ 0.00760
$ 7.61M
$ 7.61 million
+3.54%
35 Quickswap[New] QUICK $ 0.00903
$ 6.69M
$ 6.69 million
+4.34%
36 Pangolin PNG $ 0.0261
$ 6.00M
$ 6.00 million
+11.15%
37 HTX HTX $ 0.0₅162
$ 3.05M
$ 3.05 million
+0.16%
38 Time TIME $ 3.23
$ 2.30M
$ 2.30 million
+0.64%

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

39 BitMart Token BMX $ 0.382
$ 124.72M
$ 124.72 million
+0.72%
40 Tokenize Xchange TKX $ 1.35
$ 108.23M
$ 108.23 million
+3.52%
41 Huobi Token HT $ 0.178
$ 88.80M
$ 88.80 million
+8.76%
42 THORSwap THOR $ 0.0554
$ 27.72M
$ 27.72 million
+3.31%
43 THORChain Yield TCY $ 0.0774
$ 16.24M
$ 16.24 million
+9.27%
44 WazirX WRX $ 0.0369
$ 15.46M
$ 15.46 million
+11.82%
45 Rujira RUJI $ 0.202
$ 15.05M
$ 15.05 million
+0.24%
46 Bitrue Coin BTR $ 0.0179
$ 14.31M
$ 14.31 million
-5.90%
47 ASD ASD $ 0.0149
$ 11.09M
$ 11.09 million
+5.52%
48 Minswap MIN $ 0.00575
$ 10.22M
$ 10.22 million
+2.40%
49 MCDex MCB $ 2.08
$ 9.99M
$ 9.99 million
+0.77%
50 CoinEx Token CET $ 0.0259
$ 5.22M
$ 5.22 million
+3.68%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
LEO LEO $ 7.74
$ 7.13B
$ 7.13 billion
+15.90%
THENA THE $ 0.258
$ 32.48M
$ 32.48 million
+13.98%
Pangolin PNG $ 0.0261
$ 6.00M
$ 6.00 million
+11.15%
FTX Token FTT $ 0.310
$ 102.00M
$ 102.00 million
+8.40%
Curve DAO Token CRV $ 0.254
$ 372.73M
$ 372.73 million
+7.84%
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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