Exchange Tokens

147 coins #18

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

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# Coins Live Price Market cap 24h
1 BNB BNB $ 595.20
$ 79.26B
$ 79.26 billion
+4.03%
2 Hyperliquid HYPE $ 54.91
$ 16.40B
$ 16.40 billion
-0.30%
3 Uniswap UNI $ 4.43
$ 2.77B
$ 2.77 billion
+10.91%
4 Cronos CRO $ 0.0551
$ 2.60B
$ 2.60 billion
-0.37%
5 OKB OKB $ 85.88
$ 1.80B
$ 1.80 billion
+1.19%
6 Bitget Token BGB $ 1.64
$ 1.15B
$ 1.15 billion
-0.98%
7 KuCoin Token KCS $ 6.69
$ 917.34M
$ 917.34 million
+0.25%
8 GateToken GT $ 6.53
$ 718.14M
$ 718.14 million
+0.15%
9 Jupiter JUP $ 0.197
$ 655.28M
$ 655.28 million
+0.27%
10 PancakeSwap CAKE $ 1.47
$ 474.89M
$ 474.89 million
+7.52%
11 Aerodrome AERO $ 0.434
$ 424.49M
$ 424.49 million
+2.47%
12 Sun SUN $ 0.0180
$ 346.88M
$ 346.88 million
+1.28%
13 Curve DAO Token CRV $ 0.213
$ 327.89M
$ 327.89 million
+0.75%
14 Raydium RAY $ 0.612
$ 164.74M
$ 164.74 million
+0.99%
15 MX Token MX $ 1.63
$ 149.80M
$ 149.80 million
+0.05%
16 THORChain RUNE $ 0.442
$ 149.64M
$ 149.64 million
+1.45%
17 FTX Token FTT $ 0.194
$ 63.93M
$ 63.93 million
-2.96%
18 KUB Coin KUB $ 0.641
$ 57.02M
$ 57.02 million
+5.07%
19 SUSHI SUSHI $ 0.155
$ 45.31M
$ 45.31 million
+3.17%
20 Gemini dollar GUSD $ 1.00
$ 29.64M
$ 29.64 million
-0.04%
21 Velodrome Finance VELO $ 0.0177
$ 22.43M
$ 22.43 million
+1.41%
22 Osmosis OSMO $ 0.0272
$ 21.36M
$ 21.36 million
+0.54%
23 Cetus CETUS $ 0.0178
$ 17.02M
$ 17.02 million
+2.30%
24 BitMart Token BMX $ 0.0518
$ 16.91M
$ 16.91 million
+27.99%
25 Quickswap[New] QUICK $ 0.00795
$ 15.01M
$ 15.01 million
+4.90%
26 Loopring LRC $ 0.0107
$ 14.68M
$ 14.68 million
+1.71%
27 DODO DODO $ 0.0181
$ 14.01M
$ 14.01 million
-3.87%
28 Maverick Protocol MAV $ 0.00809
$ 8.47M
$ 8.47 million
-1.04%
29 Balancer BAL $ 0.107
$ 7.39M
$ 7.39 million
-2.94%
30 THENA THE $ 0.0486
$ 6.95M
$ 6.95 million
-2.54%
31 LCX LCX $ 0.0205
$ 5.41M
$ 5.41 million
-0.45%
32 Minswap MIN $ 0.00303
$ 5.21M
$ 5.21 million
+2.41%
33 JOE JOE $ 0.0233
$ 5.09M
$ 5.09 million
-3.89%
34 Pangolin PNG $ 0.0209
$ 4.94M
$ 4.94 million
+0.84%
35 Bluefin BLUE $ 0.00861
$ 4.75M
$ 4.75 million
+4.46%
36 HTX HTX $ 0.0₅180
$ 3.77M
$ 3.77 million
+0.89%
37 SAROS SAROS $ 0.000292
$ 909,234
$ 909,234
-4.67%

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

38 LEO LEO $ 9.79
$ 9.00B
$ 9.00 billion
+0.04%
39 BTSE Token BTSE $ 0.833
$ 135.04M
$ 135.04 million
+0.65%
40 Huobi Token HT $ 0.0805
$ 40.23M
$ 40.23 million
+1.05%
41 THORChain Yield TCY $ 0.135
$ 28.35M
$ 28.35 million
+4.04%
42 THORSwap THOR $ 0.0411
$ 20.56M
$ 20.56 million
-0.08%
43 VVS Finance VVS $ 0.0₆954
$ 15.37M
$ 15.37 million
+0.05%
44 Rujira RUJI $ 0.192
$ 14.31M
$ 14.31 million
+0.45%
45 MCDex MCB $ 2.13
$ 10.23M
$ 10.23 million
-0.01%
46 Bitrue Coin BTR $ 0.00956
$ 7.66M
$ 7.66 million
-1.37%
47 WazirX WRX $ 0.0153
$ 6.41M
$ 6.41 million
-2.17%
48 Time TIME $ 6.31
$ 4.48M
$ 4.48 million
-5.90%
49 CoinEx Token CET $ 0.0116
$ 2.33M
$ 2.33 million
+0.66%
50 THORChain (ERC20) RUNE $ 0.441
$ 1.53M
$ 1.53 million
+0.16%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
BitMart Token BMX $ 0.0518
$ 16.91M
$ 16.91 million
+27.99%
Uniswap UNI $ 4.43
$ 2.77B
$ 2.77 billion
+10.91%
PancakeSwap CAKE $ 1.47
$ 474.89M
$ 474.89 million
+7.52%
KUB Coin KUB $ 0.641
$ 57.02M
$ 57.02 million
+5.07%
Quickswap[New] QUICK $ 0.00795
$ 15.01M
$ 15.01 million
+4.90%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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