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 $ 653.17
$ 87.01B
$ 87.01 billion
+3.18%
2 Hyperliquid HYPE $ 74.27
$ 22.22B
$ 22.22 billion
+4.14%
3 LEO LEO $ 9.28
$ 8.54B
$ 8.54 billion
-0.12%
4 Cronos CRO $ 0.0528
$ 2.56B
$ 2.56 billion
+7.74%
5 Uniswap UNI $ 3.70
$ 2.31B
$ 2.31 billion
+0.64%
6 OKB OKB $ 106.73
$ 2.24B
$ 2.24 billion
+3.50%
7 HTX HTX $ 0.0₅174
$ 1.56B
$ 1.56 billion
+1.27%
8 Bitget Token BGB $ 1.80
$ 1.26B
$ 1.26 billion
+3.46%
9 KuCoin Token KCS $ 7.40
$ 1.01B
$ 1.01 billion
+1.02%
10 GateToken GT $ 7.05
$ 776.14M
$ 776.14 million
-0.93%
11 Jupiter JUP $ 0.191
$ 633.04M
$ 633.04 million
+4.78%
12 PancakeSwap CAKE $ 1.64
$ 526.85M
$ 526.85 million
+1.17%
13 Aerodrome AERO $ 0.476
$ 467.09M
$ 467.09 million
+9.80%
14 Curve DAO Token CRV $ 0.277
$ 429.21M
$ 429.21 million
+7.18%
15 Sun SUN $ 0.0174
$ 334.04M
$ 334.04 million
+0.94%
16 Raydium RAY $ 0.688
$ 185.45M
$ 185.45 million
+5.57%
17 MX Token MX $ 1.67
$ 153.06M
$ 153.06 million
+1.19%
18 THORChain RUNE $ 0.442
$ 149.61M
$ 149.61 million
+2.85%
19 FTX Token FTT $ 0.216
$ 71.00M
$ 71.00 million
+5.81%
20 SUSHI SUSHI $ 0.182
$ 53.12M
$ 53.12 million
+5.73%
21 KUB Coin KUB $ 0.564
$ 50.26M
$ 50.26 million
+1.44%
22 Gemini dollar GUSD $ 1.000
$ 39.79M
$ 39.79 million
+0.09%
23 Osmosis OSMO $ 0.0363
$ 28.69M
$ 28.69 million
+16.61%
24 Velodrome Finance VELO $ 0.0197
$ 25.36M
$ 25.36 million
+9.99%
25 Cetus CETUS $ 0.0236
$ 22.74M
$ 22.74 million
+3.40%
26 DODO DODO $ 0.0210
$ 16.31M
$ 16.31 million
+2.84%
27 Rujira RUJI $ 0.217
$ 16.19M
$ 16.19 million
+23.02%
28 Quickswap[New] QUICK $ 0.00849
$ 15.87M
$ 15.87 million
+1.60%
29 Loopring LRC $ 0.00815
$ 11.15M
$ 11.15 million
+0.84%
30 Maverick Protocol MAV $ 0.00989
$ 10.37M
$ 10.37 million
+1.81%
31 THENA THE $ 0.0656
$ 9.43M
$ 9.43 million
+2.46%
32 Balancer BAL $ 0.114
$ 7.89M
$ 7.89 million
-0.21%
33 JOE JOE $ 0.0294
$ 6.44M
$ 6.44 million
+2.57%
34 Pangolin PNG $ 0.0210
$ 4.97M
$ 4.97 million
+4.15%
35 Bluefin BLUE $ 0.00791
$ 4.36M
$ 4.36 million
+6.57%
36 LCX LCX $ 0.0146
$ 3.74M
$ 3.74 million
+3.44%
37 SAROS SAROS $ 0.000306
$ 1.02M
$ 1.02 million
+6.06%

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

38 BTSE Token BTSE $ 0.882
$ 142.97M
$ 142.97 million
+2.03%
39 Huobi Token HT $ 0.113
$ 56.48M
$ 56.48 million
+5.81%
40 THORChain Yield TCY $ 0.137
$ 28.72M
$ 28.72 million
-1.32%
41 THORSwap THOR $ 0.0428
$ 21.42M
$ 21.42 million
-1.89%
42 BitMart Token BMX $ 0.0601
$ 19.62M
$ 19.62 million
+2.80%
43 VVS Finance VVS $ 0.0₆902
$ 14.52M
$ 14.52 million
+7.84%
44 MCDex MCB $ 2.00
$ 9.61M
$ 9.61 million
+0.03%
45 Bitrue Coin BTR $ 0.00951
$ 7.47M
$ 7.47 million
+0.56%
46 WazirX WRX $ 0.0162
$ 6.77M
$ 6.77 million
+17.10%
47 Minswap MIN $ 0.00328
$ 5.64M
$ 5.64 million
+2.78%
48 Time TIME $ 7.48
$ 5.31M
$ 5.31 million
+55.51%
49 CoinEx Token CET $ 0.0117
$ 2.35M
$ 2.35 million
-1.11%
50 THORChain (ERC20) RUNE $ 0.440
$ 1.52M
$ 1.52 million
+3.52%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Rujira RUJI $ 0.217
$ 16.19M
$ 16.19 million
+23.02%
Osmosis OSMO $ 0.0363
$ 28.69M
$ 28.69 million
+16.61%
Velodrome Finance VELO $ 0.0197
$ 25.36M
$ 25.36 million
+9.99%
Aerodrome AERO $ 0.476
$ 467.09M
$ 467.09 million
+9.80%
Cronos CRO $ 0.0528
$ 2.56B
$ 2.56 billion
+7.74%
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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