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 $ 579.83
$ 78.15B
$ 78.15 billion
-0.38%
2 Hyperliquid HYPE $ 67.14
$ 20.07B
$ 20.07 billion
+0.32%
3 Cronos CRO $ 0.0557
$ 2.56B
$ 2.56 billion
-1.52%
4 Uniswap UNI $ 3.62
$ 2.25B
$ 2.25 billion
-3.56%
5 OKB OKB $ 80.54
$ 1.69B
$ 1.69 billion
-0.43%
6 Bitget Token BGB $ 1.66
$ 1.16B
$ 1.16 billion
+0.36%
7 KuCoin Token KCS $ 7.03
$ 963.43M
$ 963.43 million
+0.35%
8 GateToken GT $ 6.68
$ 736.40M
$ 736.40 million
-0.90%
9 Jupiter JUP $ 0.202
$ 671.13M
$ 671.13 million
-4.10%
10 Aerodrome AERO $ 0.518
$ 499.46M
$ 499.46 million
-3.36%
11 PancakeSwap CAKE $ 1.42
$ 460.32M
$ 460.32 million
-0.93%
12 Sun SUN $ 0.0185
$ 356.47M
$ 356.47 million
+0.53%
13 Curve DAO Token CRV $ 0.205
$ 314.67M
$ 314.67 million
-1.25%
14 Raydium RAY $ 0.683
$ 183.94M
$ 183.94 million
-2.34%
15 MX Token MX $ 1.66
$ 152.12M
$ 152.12 million
+0.26%
16 THORChain RUNE $ 0.405
$ 136.89M
$ 136.89 million
-0.72%
17 FTX Token FTT $ 0.221
$ 72.83M
$ 72.83 million
+0.14%
18 KUB Coin KUB $ 0.723
$ 64.39M
$ 64.39 million
-0.38%
19 SUSHI SUSHI $ 0.163
$ 47.60M
$ 47.60 million
-3.27%
20 Gemini dollar GUSD $ 1.000
$ 29.88M
$ 29.88 million
-0.06%
21 Osmosis OSMO $ 0.0350
$ 27.37M
$ 27.37 million
-2.56%
22 Velodrome Finance VELO $ 0.0214
$ 26.49M
$ 26.49 million
-3.44%
23 Cetus CETUS $ 0.0182
$ 17.40M
$ 17.40 million
-0.93%
24 Loopring LRC $ 0.0108
$ 14.85M
$ 14.85 million
-1.23%
25 Quickswap[New] QUICK $ 0.00769
$ 14.54M
$ 14.54 million
-1.40%
26 DODO DODO $ 0.0162
$ 12.57M
$ 12.57 million
-0.91%
27 Maverick Protocol MAV $ 0.00968
$ 8.31M
$ 8.31 million
+1.60%
28 THENA THE $ 0.0533
$ 7.51M
$ 7.51 million
-3.93%
29 Balancer BAL $ 0.0939
$ 6.51M
$ 6.51 million
-0.85%
30 JOE JOE $ 0.0281
$ 6.15M
$ 6.15 million
-3.35%
31 Pangolin PNG $ 0.0210
$ 4.94M
$ 4.94 million
-3.85%
32 Bluefin BLUE $ 0.00917
$ 4.77M
$ 4.77 million
-1.98%
33 HTX HTX $ 0.0₅185
$ 3.87M
$ 3.87 million
+0.43%
34 SAROS SAROS $ 0.000436
$ 1.13M
$ 1.13 million
+3.07%

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

35 LEO LEO $ 9.53
$ 8.77B
$ 8.77 billion
+0.30%
36 BitMart Token BMX $ 0.323
$ 105.27M
$ 105.27 million
+3.57%
37 LCX LCX $ 0.0232
$ 21.44M
$ 21.44 million
+0.70%
38 THORChain Yield TCY $ 0.0969
$ 20.35M
$ 20.35 million
+1.35%
39 Huobi Token HT $ 0.0395
$ 19.74M
$ 19.74 million
+8.12%
40 VVS Finance VVS $ 0.0₆975
$ 15.72M
$ 15.72 million
-0.37%
41 Rujira RUJI $ 0.201
$ 14.98M
$ 14.98 million
+0.16%
42 Time TIME $ 13.12
$ 9.32M
$ 9.32 million
+47.81%
43 WazirX WRX $ 0.0184
$ 7.72M
$ 7.72 million
-2.80%
44 Bitrue Coin BTR $ 0.00945
$ 7.57M
$ 7.57 million
-1.16%
45 Minswap MIN $ 0.00303
$ 5.24M
$ 5.24 million
-2.03%
46 CoinEx Token CET $ 0.0129
$ 2.59M
$ 2.59 million
+0.16%
47 THORChain (ERC20) RUNE $ 0.405
$ 1.40M
$ 1.40 million
-0.45%
48 IDEX IDEX $ 0.00116
$ 1.16M
$ 1.16 million
-3.76%
49 LATOKEN LA $ 0.00252
$ 1.01M
$ 1.01 million
+0.00%
50 Verse VERSE $ 0.0000193
$ 982,983
$ 982,983
-0.11%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
SAROS SAROS $ 0.000436
$ 1.13M
$ 1.13 million
+3.07%
Maverick Protocol MAV $ 0.00968
$ 8.31M
$ 8.31 million
+1.60%
Sun SUN $ 0.0185
$ 356.47M
$ 356.47 million
+0.53%
HTX HTX $ 0.0₅185
$ 3.87M
$ 3.87 million
+0.43%
Bitget Token BGB $ 1.66
$ 1.16B
$ 1.16 billion
+0.36%
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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