Exchange Tokens

144 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 $ 593.69
$ 80.95B
$ 80.95 billion
-1.97%
2 Hyperliquid HYPE $ 40.57
$ 12.13B
$ 12.13 billion
-3.91%
3 Cronos CRO $ 0.0682
$ 2.89B
$ 2.89 billion
-2.07%
4 Uniswap UNI $ 3.04
$ 1.93B
$ 1.93 billion
-3.09%
5 OKB OKB $ 83.34
$ 1.75B
$ 1.75 billion
-2.54%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
-2.13%
7 KuCoin Token KCS $ 8.32
$ 1.12B
$ 1.12 billion
-2.47%
8 GateToken GT $ 6.58
$ 758.31M
$ 758.31 million
-1.20%
9 Jupiter JUP $ 0.161
$ 570.53M
$ 570.53 million
-2.30%
10 PancakeSwap CAKE $ 1.46
$ 479.62M
$ 479.62 million
-2.02%
11 Sun SUN $ 0.0183
$ 352.81M
$ 352.81 million
+1.95%
12 Aerodrome AERO $ 0.368
$ 338.80M
$ 338.80 million
-5.14%
13 Curve DAO Token CRV $ 0.211
$ 310.23M
$ 310.23 million
-3.77%
14 Raydium RAY $ 0.632
$ 169.88M
$ 169.88 million
-3.01%
15 MX Token MX $ 1.77
$ 162.66M
$ 162.66 million
-0.51%
16 THORChain RUNE $ 0.389
$ 136.65M
$ 136.65 million
-2.82%
17 FTX Token FTT $ 0.290
$ 95.23M
$ 95.23 million
-1.66%
18 KUB Coin KUB $ 0.841
$ 74.87M
$ 74.87 million
+0.11%
19 SUSHI SUSHI $ 0.189
$ 54.72M
$ 54.72 million
-1.78%
20 Gemini dollar GUSD $ 1.00
$ 35.70M
$ 35.70 million
+0.07%
21 Osmosis OSMO $ 0.0305
$ 23.47M
$ 23.47 million
-1.98%
22 Loopring LRC $ 0.0163
$ 22.26M
$ 22.26 million
-2.09%
23 Quickswap[New] QUICK $ 0.0100
$ 18.62M
$ 18.62 million
-0.38%
24 Cetus CETUS $ 0.0193
$ 17.83M
$ 17.83 million
-0.83%
25 Velodrome Finance VELO $ 0.0153
$ 17.38M
$ 17.38 million
-3.94%
26 THENA THE $ 0.0980
$ 12.59M
$ 12.59 million
-2.38%
27 Maverick Protocol MAV $ 0.0146
$ 11.70M
$ 11.70 million
+1.68%
28 DODO DODO $ 0.0150
$ 11.68M
$ 11.68 million
-1.23%
29 Balancer BAL $ 0.156
$ 10.62M
$ 10.62 million
-10.09%
30 JOE JOE $ 0.0450
$ 9.85M
$ 9.85 million
-0.36%
31 Bluefin BLUE $ 0.0165
$ 7.38M
$ 7.38 million
-2.38%
32 Pangolin PNG $ 0.0281
$ 6.48M
$ 6.48 million
+0.52%
33 HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
+0.98%
34 IDEX IDEX $ 0.00256
$ 2.56M
$ 2.56 million
+14.21%

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

35 LEO LEO $ 10.13
$ 9.33B
$ 9.33 billion
+0.01%
36 BTSE Token BTSE $ 1.16
$ 187.28M
$ 187.28 million
-1.55%
37 BitMart Token BMX $ 0.327
$ 106.83M
$ 106.83 million
-2.07%
38 Huobi Token HT $ 0.174
$ 87.23M
$ 87.23 million
+1.19%
39 LCX LCX $ 0.0839
$ 79.66M
$ 79.66 million
+111.74%
40 THORSwap THOR $ 0.0516
$ 25.84M
$ 25.84 million
-8.12%
41 THORChain Yield TCY $ 0.110
$ 23.20M
$ 23.20 million
-4.01%
42 VVS Finance VVS $ 0.0₅128
$ 20.69M
$ 20.69 million
-1.74%
43 Rujira RUJI $ 0.169
$ 12.61M
$ 12.61 million
-1.95%
44 Bitrue Coin BTR $ 0.0155
$ 12.38M
$ 12.38 million
-3.19%
45 ASD ASD $ 0.0156
$ 11.60M
$ 11.60 million
-0.13%
46 WazirX WRX $ 0.0256
$ 10.72M
$ 10.72 million
-3.18%
47 Minswap MIN $ 0.00493
$ 8.65M
$ 8.65 million
-5.58%
48 CoinEx Token CET $ 0.0296
$ 5.95M
$ 5.95 million
-0.47%
49 Camelot Token GRAIL $ 67.41
$ 1.67M
$ 1.67 million
-3.20%
50 Time TIME $ 2.20
$ 1.56M
$ 1.56 million
+0.16%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
IDEX IDEX $ 0.00256
$ 2.56M
$ 2.56 million
+14.21%
Sun SUN $ 0.0183
$ 352.81M
$ 352.81 million
+1.95%
Maverick Protocol MAV $ 0.0146
$ 11.70M
$ 11.70 million
+1.68%
HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
+0.98%
Pangolin PNG $ 0.0281
$ 6.48M
$ 6.48 million
+0.52%
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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