Exchange Tokens

140 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 $ 657.52
$ 89.66B
$ 89.66 billion
+1.34%
2 Hyperliquid HYPE $ 36.73
$ 11.02B
$ 11.02 billion
-1.23%
3 LEO LEO $ 9.04
$ 8.33B
$ 8.33 billion
-0.20%
4 Cronos CRO $ 0.0769
$ 3.16B
$ 3.16 billion
+2.19%
5 Uniswap UNI $ 4.04
$ 2.56B
$ 2.56 billion
+3.68%
6 OKB OKB $ 93.59
$ 1.97B
$ 1.97 billion
-1.48%
7 Bitget Token BGB $ 2.16
$ 1.51B
$ 1.51 billion
+0.40%
8 KuCoin Token KCS $ 8.07
$ 1.07B
$ 1.07 billion
+1.21%
9 GateToken GT $ 7.04
$ 811.18M
$ 811.18 million
+0.54%
10 Jupiter JUP $ 0.166
$ 579.72M
$ 579.72 million
+2.44%
11 PancakeSwap CAKE $ 1.41
$ 466.89M
$ 466.89 million
+1.81%
12 Curve DAO Token CRV $ 0.239
$ 350.79M
$ 350.79 million
+2.12%
13 Aerodrome AERO $ 0.334
$ 307.88M
$ 307.88 million
-0.24%
14 Sun SUN $ 0.0160
$ 307.83M
$ 307.83 million
+0.39%
15 Raydium RAY $ 0.615
$ 165.30M
$ 165.30 million
+2.58%
16 MX Token MX $ 1.79
$ 164.48M
$ 164.48 million
-0.09%
17 THORChain RUNE $ 0.449
$ 157.81M
$ 157.81 million
+4.14%
18 FTX Token FTT $ 0.285
$ 93.59M
$ 93.59 million
+2.58%
19 SUSHI SUSHI $ 0.212
$ 61.89M
$ 61.89 million
+3.51%
20 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.00%
21 LCX LCX $ 0.0446
$ 42.63M
$ 42.63 million
+1.14%
22 Loopring LRC $ 0.0310
$ 42.39M
$ 42.39 million
-0.21%
23 THENA THE $ 0.282
$ 35.25M
$ 35.25 million
+3.18%
24 Osmosis OSMO $ 0.0341
$ 26.13M
$ 26.13 million
-0.04%
25 VVS Finance VVS $ 0.0₅150
$ 24.11M
$ 24.11 million
+1.44%
26 Velodrome Finance VELO $ 0.0164
$ 18.17M
$ 18.17 million
+0.65%
27 Cetus CETUS $ 0.0177
$ 16.31M
$ 16.31 million
+0.36%
28 DODO DODO $ 0.0151
$ 11.77M
$ 11.77 million
-0.21%
29 Minswap MIN $ 0.00610
$ 10.71M
$ 10.71 million
+1.07%
30 Maverick Protocol MAV $ 0.0149
$ 10.69M
$ 10.69 million
+1.13%
31 Balancer BAL $ 0.154
$ 10.46M
$ 10.46 million
+1.78%
32 JOE JOE $ 0.0412
$ 9.02M
$ 9.02 million
-0.83%
33 Quickswap[New] QUICK $ 0.0112
$ 8.27M
$ 8.27 million
+0.43%
34 IDEX IDEX $ 0.00770
$ 7.71M
$ 7.71 million
+1.82%
35 Bluefin BLUE $ 0.0188
$ 7.41M
$ 7.41 million
+2.10%
36 Pangolin PNG $ 0.0288
$ 6.63M
$ 6.63 million
+0.26%
37 HTX HTX $ 0.0₅160
$ 3.02M
$ 3.02 million
+0.24%
38 Time TIME $ 2.98
$ 2.12M
$ 2.12 million
-0.31%

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

39 BTSE Token BTSE $ 1.69
$ 273.42M
$ 273.42 million
+2.52%
40 BitMart Token BMX $ 0.308
$ 100.35M
$ 100.35 million
+2.55%
41 Huobi Token HT $ 0.183
$ 91.67M
$ 91.67 million
+1.63%
42 KUB Coin KUB $ 0.937
$ 83.40M
$ 83.40 million
-0.57%
43 THORSwap THOR $ 0.0669
$ 33.46M
$ 33.46 million
+1.26%
44 THORChain Yield TCY $ 0.137
$ 28.76M
$ 28.76 million
+2.30%
45 Rujira RUJI $ 0.259
$ 19.32M
$ 19.32 million
+2.44%
46 Bitrue Coin BTR $ 0.0164
$ 13.13M
$ 13.13 million
-0.24%
47 ASD ASD $ 0.0162
$ 12.01M
$ 12.01 million
-2.88%
48 WazirX WRX $ 0.0250
$ 10.48M
$ 10.48 million
+0.40%
49 CoinEx Token CET $ 0.0303
$ 6.09M
$ 6.09 million
+0.33%
50 LATOKEN LA $ 0.00631
$ 2.52M
$ 2.52 million
+0.16%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
THORChain RUNE $ 0.449
$ 157.81M
$ 157.81 million
+4.14%
Uniswap UNI $ 4.04
$ 2.56B
$ 2.56 billion
+3.68%
SUSHI SUSHI $ 0.212
$ 61.89M
$ 61.89 million
+3.51%
THENA THE $ 0.282
$ 35.25M
$ 35.25 million
+3.18%
Raydium RAY $ 0.615
$ 165.30M
$ 165.30 million
+2.58%
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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