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 $ 606.19
$ 82.65B
$ 82.65 billion
+0.89%
2 Hyperliquid HYPE $ 42.36
$ 12.67B
$ 12.67 billion
+3.53%
3 Cronos CRO $ 0.0698
$ 2.95B
$ 2.95 billion
+0.77%
4 Uniswap UNI $ 3.15
$ 1.99B
$ 1.99 billion
+0.99%
5 OKB OKB $ 85.63
$ 1.80B
$ 1.80 billion
+1.63%
6 Bitget Token BGB $ 1.95
$ 1.36B
$ 1.36 billion
+0.43%
7 KuCoin Token KCS $ 8.52
$ 1.15B
$ 1.15 billion
+1.00%
8 GateToken GT $ 6.67
$ 768.60M
$ 768.60 million
+1.89%
9 Jupiter JUP $ 0.165
$ 586.03M
$ 586.03 million
+2.21%
10 PancakeSwap CAKE $ 1.49
$ 490.31M
$ 490.31 million
-0.12%
11 Aerodrome AERO $ 0.391
$ 359.91M
$ 359.91 million
+6.24%
12 Sun SUN $ 0.0180
$ 346.73M
$ 346.73 million
+0.22%
13 Curve DAO Token CRV $ 0.220
$ 323.41M
$ 323.41 million
-0.79%
14 Raydium RAY $ 0.654
$ 175.69M
$ 175.69 million
+3.19%
15 MX Token MX $ 1.78
$ 163.44M
$ 163.44 million
-0.15%
16 THORChain RUNE $ 0.401
$ 140.68M
$ 140.68 million
+1.13%
17 FTX Token FTT $ 0.291
$ 95.81M
$ 95.81 million
-0.52%
18 KUB Coin KUB $ 0.842
$ 74.96M
$ 74.96 million
-0.37%
19 SUSHI SUSHI $ 0.193
$ 55.71M
$ 55.71 million
-0.93%
20 LCX LCX $ 0.0399
$ 37.86M
$ 37.86 million
+1.93%
21 Gemini dollar GUSD $ 0.999
$ 35.66M
$ 35.66 million
-0.08%
22 Osmosis OSMO $ 0.0312
$ 24.00M
$ 24.00 million
-1.49%
23 Loopring LRC $ 0.0166
$ 22.75M
$ 22.75 million
-2.12%
24 VVS Finance VVS $ 0.0₅129
$ 20.70M
$ 20.70 million
-0.96%
25 Quickswap[New] QUICK $ 0.0101
$ 18.71M
$ 18.71 million
+0.20%
26 Velodrome Finance VELO $ 0.0158
$ 18.03M
$ 18.03 million
+3.78%
27 Cetus CETUS $ 0.0195
$ 17.96M
$ 17.96 million
-2.27%
28 THENA THE $ 0.101
$ 12.95M
$ 12.95 million
-0.42%
29 DODO DODO $ 0.0152
$ 11.83M
$ 11.83 million
+0.45%
30 Balancer BAL $ 0.174
$ 11.77M
$ 11.77 million
+22.24%
31 Maverick Protocol MAV $ 0.0143
$ 11.51M
$ 11.51 million
-0.93%
32 JOE JOE $ 0.0454
$ 9.93M
$ 9.93 million
-6.88%
33 Bluefin BLUE $ 0.0169
$ 7.55M
$ 7.55 million
+1.10%
34 Pangolin PNG $ 0.0280
$ 6.45M
$ 6.45 million
-0.36%
35 HTX HTX $ 0.0₅176
$ 3.32M
$ 3.32 million
+0.40%
36 IDEX IDEX $ 0.00226
$ 2.26M
$ 2.26 million
+0.22%

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

37 LEO LEO $ 10.13
$ 9.33B
$ 9.33 billion
+0.17%
38 BitMart Token BMX $ 0.334
$ 109.04M
$ 109.04 million
+2.10%
39 Huobi Token HT $ 0.172
$ 85.50M
$ 85.50 million
-0.35%
40 THORSwap THOR $ 0.0563
$ 28.15M
$ 28.15 million
+4.07%
41 THORChain Yield TCY $ 0.115
$ 24.20M
$ 24.20 million
+1.30%
42 Rujira RUJI $ 0.173
$ 12.88M
$ 12.88 million
+1.80%
43 Bitrue Coin BTR $ 0.0158
$ 12.67M
$ 12.67 million
+0.93%
44 ASD ASD $ 0.0156
$ 11.62M
$ 11.62 million
+1.43%
45 WazirX WRX $ 0.0273
$ 11.43M
$ 11.43 million
+6.19%
46 Minswap MIN $ 0.00524
$ 9.19M
$ 9.19 million
+0.71%
47 MCDex MCB $ 1.67
$ 8.01M
$ 8.01 million
-6.61%
48 CoinEx Token CET $ 0.0297
$ 5.97M
$ 5.97 million
-0.78%
49 Camelot Token GRAIL $ 70.04
$ 1.74M
$ 1.74 million
-1.66%
50 LATOKEN LA $ 0.00394
$ 1.58M
$ 1.58 million
-0.25%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Balancer BAL $ 0.174
$ 11.77M
$ 11.77 million
+22.24%
Aerodrome AERO $ 0.391
$ 359.91M
$ 359.91 million
+6.24%
Velodrome Finance VELO $ 0.0158
$ 18.03M
$ 18.03 million
+3.78%
Hyperliquid HYPE $ 42.36
$ 12.67B
$ 12.67 billion
+3.53%
Raydium RAY $ 0.654
$ 175.69M
$ 175.69 million
+3.19%
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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