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 $ 631.92
$ 85.20B
$ 85.20 billion
+0.36%
2 Hyperliquid HYPE $ 41.35
$ 12.36B
$ 12.36 billion
-0.09%
3 Cronos CRO $ 0.0705
$ 3.07B
$ 3.07 billion
+0.51%
4 Uniswap UNI $ 3.28
$ 2.09B
$ 2.09 billion
+0.98%
5 OKB OKB $ 84.68
$ 1.78B
$ 1.78 billion
+0.05%
6 Bitget Token BGB $ 1.97
$ 1.38B
$ 1.38 billion
+1.18%
7 KuCoin Token KCS $ 8.51
$ 1.15B
$ 1.15 billion
+0.19%
8 GateToken GT $ 7.33
$ 844.17M
$ 844.17 million
+0.32%
9 Jupiter JUP $ 0.180
$ 640.92M
$ 640.92 million
+4.53%
10 PancakeSwap CAKE $ 1.52
$ 498.38M
$ 498.38 million
+1.60%
11 Aerodrome AERO $ 0.469
$ 434.58M
$ 434.58 million
+9.83%
12 Sun SUN $ 0.0185
$ 354.84M
$ 354.84 million
-1.08%
13 Curve DAO Token CRV $ 0.227
$ 335.01M
$ 335.01 million
+1.07%
14 Raydium RAY $ 0.740
$ 199.03M
$ 199.03 million
+8.14%
15 THORChain RUNE $ 0.493
$ 172.97M
$ 172.97 million
+3.14%
16 MX Token MX $ 1.76
$ 161.85M
$ 161.85 million
-0.20%
17 FTX Token FTT $ 0.291
$ 95.66M
$ 95.66 million
+0.51%
18 KUB Coin KUB $ 0.897
$ 79.86M
$ 79.86 million
+1.76%
19 SUSHI SUSHI $ 0.222
$ 64.12M
$ 64.12 million
-0.38%
20 Gemini dollar GUSD $ 0.999
$ 35.67M
$ 35.67 million
-0.09%
21 Cetus CETUS $ 0.0302
$ 28.23M
$ 28.23 million
+2.31%
22 Osmosis OSMO $ 0.0328
$ 25.33M
$ 25.33 million
-0.96%
23 Loopring LRC $ 0.0172
$ 23.52M
$ 23.52 million
+1.20%
24 Quickswap[New] QUICK $ 0.0113
$ 20.98M
$ 20.98 million
-1.38%
25 Velodrome Finance VELO $ 0.0168
$ 19.35M
$ 19.35 million
+3.92%
26 DODO DODO $ 0.0199
$ 15.52M
$ 15.52 million
-0.68%
27 THENA THE $ 0.103
$ 13.28M
$ 13.28 million
+1.42%
28 Maverick Protocol MAV $ 0.0161
$ 12.93M
$ 12.93 million
+0.01%
29 Balancer BAL $ 0.152
$ 10.36M
$ 10.36 million
+2.20%
30 JOE JOE $ 0.0473
$ 10.36M
$ 10.36 million
+2.63%
31 Bluefin BLUE $ 0.0172
$ 8.18M
$ 8.18 million
-0.69%
32 Pangolin PNG $ 0.0280
$ 6.44M
$ 6.44 million
-0.58%
33 HTX HTX $ 0.0₅181
$ 3.42M
$ 3.42 million
+0.05%
34 IDEX IDEX $ 0.00236
$ 2.36M
$ 2.36 million
-0.52%

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

35 LEO LEO $ 10.30
$ 9.49B
$ 9.49 billion
+0.43%
36 BitMart Token BMX $ 0.321
$ 104.75M
$ 104.75 million
-0.12%
37 Huobi Token HT $ 0.176
$ 87.80M
$ 87.80 million
+1.03%
38 LCX LCX $ 0.0780
$ 74.04M
$ 74.04 million
-20.28%
39 THORSwap THOR $ 0.0631
$ 31.54M
$ 31.54 million
-1.52%
40 THORChain Yield TCY $ 0.142
$ 29.91M
$ 29.91 million
+6.88%
41 VVS Finance VVS $ 0.0₅130
$ 20.88M
$ 20.88 million
+0.20%
42 Rujira RUJI $ 0.213
$ 15.91M
$ 15.91 million
-0.92%
43 WazirX WRX $ 0.0266
$ 11.15M
$ 11.15 million
-9.24%
44 Bitrue Coin BTR $ 0.0133
$ 10.64M
$ 10.64 million
-0.84%
45 ASD ASD $ 0.0131
$ 9.76M
$ 9.76 million
-4.92%
46 Minswap MIN $ 0.00515
$ 9.03M
$ 9.03 million
+0.83%
47 CoinEx Token CET $ 0.0291
$ 5.86M
$ 5.86 million
+1.06%
48 Camelot Token GRAIL $ 76.94
$ 1.94M
$ 1.94 million
-2.12%
49 THORChain (ERC20) RUNE $ 0.491
$ 1.70M
$ 1.70 million
+2.79%
50 Time TIME $ 2.17
$ 1.54M
$ 1.54 million
-1.81%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.469
$ 434.58M
$ 434.58 million
+9.83%
Raydium RAY $ 0.740
$ 199.03M
$ 199.03 million
+8.14%
Jupiter JUP $ 0.180
$ 640.92M
$ 640.92 million
+4.53%
Velodrome Finance VELO $ 0.0168
$ 19.35M
$ 19.35 million
+3.92%
THORChain RUNE $ 0.493
$ 172.97M
$ 172.97 million
+3.14%
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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