Exchange Tokens

140 coins #17

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

Download
# Coins Price Market cap 24h
1 BNB BNB $ 626.84
$ 85.48B
$ 85.48 billion
+0.80%
2 Hyperliquid HYPE $ 32.19
$ 9.65B
$ 9.65 billion
+4.91%
3 LEO LEO $ 9.09
$ 8.37B
$ 8.37 billion
+0.77%
4 Cronos CRO $ 0.0746
$ 3.06B
$ 3.06 billion
+0.07%
5 Uniswap UNI $ 3.80
$ 2.41B
$ 2.41 billion
+0.51%
6 OKB OKB $ 75.77
$ 1.59B
$ 1.59 billion
-0.57%
7 Bitget Token BGB $ 2.12
$ 1.49B
$ 1.49 billion
+0.41%
8 KuCoin Token KCS $ 7.57
$ 1.00B
$ 1.00 billion
-1.44%
9 GateToken GT $ 6.91
$ 796.31M
$ 796.31 million
-0.06%
10 Jupiter JUP $ 0.175
$ 612.45M
$ 612.45 million
+1.28%
11 PancakeSwap CAKE $ 1.33
$ 439.31M
$ 439.31 million
+0.77%
12 Curve DAO Token CRV $ 0.245
$ 358.74M
$ 358.74 million
+1.07%
13 Aerodrome AERO $ 0.334
$ 307.31M
$ 307.31 million
-1.05%
14 Sun SUN $ 0.0160
$ 306.80M
$ 306.80 million
+1.02%
15 MX Token MX $ 1.80
$ 164.92M
$ 164.92 million
-0.04%
16 Raydium RAY $ 0.586
$ 157.51M
$ 157.51 million
-0.42%
17 THORChain RUNE $ 0.402
$ 141.07M
$ 141.07 million
+2.25%
18 FTX Token FTT $ 0.293
$ 96.35M
$ 96.35 million
-0.38%
19 KUB Coin KUB $ 1.00
$ 89.09M
$ 89.09 million
-3.57%
20 SUSHI SUSHI $ 0.200
$ 58.50M
$ 58.50 million
-0.28%
21 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.07%
22 LCX LCX $ 0.0450
$ 42.79M
$ 42.79 million
+1.79%
23 Loopring LRC $ 0.0306
$ 41.85M
$ 41.85 million
-4.25%
24 THENA THE $ 0.260
$ 32.38M
$ 32.38 million
+2.63%
25 Osmosis OSMO $ 0.0335
$ 25.60M
$ 25.60 million
-1.42%
26 VVS Finance VVS $ 0.0₅146
$ 23.57M
$ 23.57 million
+0.75%
27 Velodrome Finance VELO $ 0.0154
$ 16.76M
$ 16.76 million
+0.06%
28 Cetus CETUS $ 0.0163
$ 14.84M
$ 14.84 million
+0.87%
29 DODO DODO $ 0.0146
$ 11.39M
$ 11.39 million
+2.04%
30 Minswap MIN $ 0.00601
$ 10.57M
$ 10.57 million
-2.97%
31 Maverick Protocol MAV $ 0.0134
$ 9.62M
$ 9.62 million
-0.66%
32 Balancer BAL $ 0.131
$ 8.94M
$ 8.94 million
+2.89%
33 JOE JOE $ 0.0390
$ 8.54M
$ 8.54 million
+0.37%
34 Quickswap[New] QUICK $ 0.00983
$ 7.29M
$ 7.29 million
+0.24%
35 Bluefin BLUE $ 0.0181
$ 7.20M
$ 7.20 million
-0.65%
36 IDEX IDEX $ 0.00683
$ 6.83M
$ 6.83 million
+1.12%
37 Pangolin PNG $ 0.0240
$ 5.53M
$ 5.53 million
+1.60%
38 HTX HTX $ 0.0₅160
$ 3.01M
$ 3.01 million
+0.95%
39 Time TIME $ 2.90
$ 2.06M
$ 2.06 million
+1.06%

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

40 BitMart Token BMX $ 0.317
$ 103.31M
$ 103.31 million
-0.99%
41 Huobi Token HT $ 0.183
$ 90.10M
$ 90.10 million
-5.31%
42 THORSwap THOR $ 0.0592
$ 29.60M
$ 29.60 million
+1.27%
43 THORChain Yield TCY $ 0.128
$ 26.91M
$ 26.91 million
+11.86%
44 Rujira RUJI $ 0.251
$ 18.69M
$ 18.69 million
+2.93%
45 WazirX WRX $ 0.0370
$ 15.98M
$ 15.98 million
+5.19%
46 Bitrue Coin BTR $ 0.0184
$ 14.75M
$ 14.75 million
-0.92%
47 ASD ASD $ 0.0182
$ 13.52M
$ 13.52 million
+0.00%
48 MCDex MCB $ 1.87
$ 8.96M
$ 8.96 million
-0.71%
49 CoinEx Token CET $ 0.0288
$ 5.80M
$ 5.80 million
+0.88%
50 LATOKEN LA $ 0.00498
$ 1.99M
$ 1.99 million
-0.40%
Download

Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 32.19
$ 9.65B
$ 9.65 billion
+4.91%
Balancer BAL $ 0.131
$ 8.94M
$ 8.94 million
+2.89%
THENA THE $ 0.260
$ 32.38M
$ 32.38 million
+2.63%
THORChain RUNE $ 0.402
$ 141.07M
$ 141.07 million
+2.25%
DODO DODO $ 0.0146
$ 11.39M
$ 11.39 million
+2.04%
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.

Useful / Related Links