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 $ 642.29
$ 87.58B
$ 87.58 billion
+0.75%
2 Hyperliquid HYPE $ 34.54
$ 10.35B
$ 10.35 billion
+3.78%
3 LEO LEO $ 9.18
$ 8.46B
$ 8.46 billion
+1.32%
4 Cronos CRO $ 0.0760
$ 3.12B
$ 3.12 billion
+0.27%
5 Uniswap UNI $ 3.89
$ 2.46B
$ 2.46 billion
-0.99%
6 OKB OKB $ 96.47
$ 2.03B
$ 2.03 billion
-0.48%
7 Bitget Token BGB $ 2.16
$ 1.51B
$ 1.51 billion
-0.82%
8 KuCoin Token KCS $ 8.05
$ 1.06B
$ 1.06 billion
-0.75%
9 GateToken GT $ 7.00
$ 805.50M
$ 805.50 million
-0.64%
10 Jupiter JUP $ 0.175
$ 610.90M
$ 610.90 million
+6.04%
11 PancakeSwap CAKE $ 1.38
$ 454.19M
$ 454.19 million
+0.58%
12 Curve DAO Token CRV $ 0.249
$ 364.81M
$ 364.81 million
+2.19%
13 Sun SUN $ 0.0158
$ 304.30M
$ 304.30 million
-1.60%
14 Aerodrome AERO $ 0.326
$ 301.18M
$ 301.18 million
-0.36%
15 MX Token MX $ 1.80
$ 165.06M
$ 165.06 million
+0.10%
16 Raydium RAY $ 0.601
$ 161.62M
$ 161.62 million
+1.21%
17 THORChain RUNE $ 0.429
$ 150.49M
$ 150.49 million
+1.29%
18 FTX Token FTT $ 0.277
$ 91.16M
$ 91.16 million
+0.73%
19 KUB Coin KUB $ 0.955
$ 85.01M
$ 85.01 million
+1.54%
20 SUSHI SUSHI $ 0.200
$ 58.32M
$ 58.32 million
+0.68%
21 Gemini dollar GUSD $ 0.999
$ 47.05M
$ 47.05 million
+0.02%
22 LCX LCX $ 0.0447
$ 42.45M
$ 42.45 million
+0.17%
23 Loopring LRC $ 0.0309
$ 42.29M
$ 42.29 million
-0.91%
24 THENA THE $ 0.273
$ 34.08M
$ 34.08 million
+0.24%
25 Osmosis OSMO $ 0.0339
$ 25.92M
$ 25.92 million
+3.04%
26 VVS Finance VVS $ 0.0₅148
$ 23.94M
$ 23.94 million
+1.54%
27 Velodrome Finance VELO $ 0.0158
$ 17.35M
$ 17.35 million
+0.58%
28 Cetus CETUS $ 0.0166
$ 15.09M
$ 15.09 million
+2.66%
29 DODO DODO $ 0.0143
$ 11.11M
$ 11.11 million
+0.96%
30 Minswap MIN $ 0.00593
$ 10.42M
$ 10.42 million
+1.93%
31 Balancer BAL $ 0.146
$ 9.98M
$ 9.98 million
-0.02%
32 Maverick Protocol MAV $ 0.0138
$ 9.93M
$ 9.93 million
-0.30%
33 JOE JOE $ 0.0401
$ 8.78M
$ 8.78 million
+5.76%
34 Quickswap[New] QUICK $ 0.0107
$ 7.94M
$ 7.94 million
+3.63%
35 Bluefin BLUE $ 0.0195
$ 7.70M
$ 7.70 million
+9.63%
36 IDEX IDEX $ 0.00737
$ 7.37M
$ 7.37 million
+3.32%
37 Pangolin PNG $ 0.0264
$ 6.08M
$ 6.08 million
+2.25%
38 HTX HTX $ 0.0₅158
$ 2.98M
$ 2.98 million
-0.97%
39 Time TIME $ 2.96
$ 2.10M
$ 2.10 million
+1.93%

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

40 BitMart Token BMX $ 0.316
$ 103.21M
$ 103.21 million
-0.76%
41 Huobi Token HT $ 0.182
$ 91.25M
$ 91.25 million
-0.54%
42 THORSwap THOR $ 0.0662
$ 33.09M
$ 33.09 million
+4.49%
43 THORChain Yield TCY $ 0.118
$ 24.79M
$ 24.79 million
-8.55%
44 Rujira RUJI $ 0.271
$ 20.19M
$ 20.19 million
-0.83%
45 Bitrue Coin BTR $ 0.0153
$ 12.28M
$ 12.28 million
-16.22%
46 ASD ASD $ 0.0153
$ 11.35M
$ 11.35 million
+0.39%
47 WazirX WRX $ 0.0263
$ 11.04M
$ 11.04 million
-1.75%
48 CoinEx Token CET $ 0.0299
$ 6.01M
$ 6.01 million
+0.89%
49 LATOKEN LA $ 0.00529
$ 2.12M
$ 2.12 million
+0.00%
50 Camelot Token GRAIL $ 81.67
$ 1.99M
$ 1.99 million
-2.02%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Bluefin BLUE $ 0.0195
$ 7.70M
$ 7.70 million
+9.63%
Jupiter JUP $ 0.175
$ 610.90M
$ 610.90 million
+6.04%
JOE JOE $ 0.0401
$ 8.78M
$ 8.78 million
+5.76%
Hyperliquid HYPE $ 34.54
$ 10.35B
$ 10.35 billion
+3.78%
Quickswap[New] QUICK $ 0.0107
$ 7.94M
$ 7.94 million
+3.63%
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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