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Exchange Tokens

146 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
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1 BNB BNB $756.15
$100.69B
$100.69 billion
+0.83%
2 Hyperliquid HYPE $86.77
$26.22B
$26.22 billion
+1.54%
3 WhiteBIT Coin WBT $82.50
$10.03B
$10.03 billion
+1.21%
4 LEO LEO $8.91
$8.20B
$8.20 billion
+0.53%
5 Uniswap UNI $7.86
$4.91B
$4.91 billion
+3.66%
6 Cronos CRO $0.0610
$3.02B
$3.02 billion
-0.45%
7 OKB OKB $125.70
$2.64B
$2.64 billion
+0.08%
8 HTX HTX $0.0₅169
$1.51B
$1.51 billion
+0.05%
9 Bitget Token BGB $1.96
$1.37B
$1.37 billion
+1.04%
10 Jupiter JUP $0.376
$1.25B
$1.25 billion
+2.65%
11 GateToken GT $11.10
$1.16B
$1.16 billion
+3.26%
12 KuCoin Token KCS $7.66
$1.07B
$1.07 billion
+0.04%
13 Aerodrome AERO $0.951
$955.78M
$955.78 million
+5.33%
14 PancakeSwap CAKE $2.30
$821.48M
$821.48 million
+4.12%
15 Raydium RAY $2.40
$648.69M
$648.69 million
+2.80%
16 Curve DAO Token CRV $0.374
$588.09M
$588.09 million
+3.26%
17 Sun SUN $0.0169
$324.01M
$324.01 million
-0.22%
18 THORChain RUNE $0.704
$231.46M
$231.46 million
+0.87%
19 MX Token MX $1.91
$175.43M
$175.43 million
+0.67%
20 Binance-Peg Cardano Token ADA $0.255
$115.19M
$115.19 million
+0.16%
21 FTX Token FTT $0.261
$85.90M
$85.90 million
+3.67%
22 SUSHI SUSHI $0.244
$71.30M
$71.30 million
+2.23%
23 Velodrome Finance VELO $0.0418
$56.38M
$56.38 million
+6.36%
24 KUB Coin KUB $0.596
$53.05M
$53.05 million
+1.29%
25 XT.com XT $5.14
$31.07M
$31.07 million
+1.24%
26 Gemini dollar GUSD $1.00
$28.67M
$28.67 million
-0.00%
27 Osmosis OSMO $0.0361
$28.60M
$28.60 million
+5.43%
28 Cetus CETUS $0.0271
$26.11M
$26.11 million
-0.35%
29 Quickswap[New] QUICK $0.0102
$19.30M
$19.30 million
-4.62%
30 DODO DODO $0.0188
$15.57M
$15.57 million
+0.06%
31 Loopring LRC $0.0102
$13.96M
$13.96 million
+0.72%
32 LCX LCX $0.0590
$13.79M
$13.79 million
+1.03%
33 Maverick Protocol MAV $0.0120
$12.59M
$12.59 million
+0.39%
34 THENA THE $0.0689
$10.16M
$10.16 million
-1.28%
35 Balancer BAL $0.130
$9.14M
$9.14 million
-0.87%
36 JOE JOE $0.0391
$8.56M
$8.56 million
+1.22%
37 Pangolin PNG $0.0342
$8.17M
$8.17 million
+5.11%
38 Minswap MIN $0.00409
$7.02M
$7.02 million
+3.99%
39 Bluefin BLUE $0.0112
$6.75M
$6.75 million
+23.16%
40 Coinbase Wrapped LTC cbLTC $64.61
$5.57M
$5.57 million
+0.49%
41 SAROS SAROS $0.000341
$1.23M
$1.23 million
+0.84%
42 IDEX IDEX $0.000450
$449,697
$449,697
-13.28%

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

43 Huobi Token HT $0.139
$69.53M
$69.53 million
-2.24%
44 THORChain Yield TCY $0.171
$35.93M
$35.93 million
+0.99%
45 THORSwap THOR $0.0373
$18.65M
$18.65 million
+0.42%
46 MaiCoin MAX $0.255
$17.54M
$17.54 million
-0.35%
47 VVS Finance VVS $0.0₆992
$15.98M
$15.98 million
-0.61%
48 Rujira RUJI $0.203
$15.15M
$15.15 million
+4.31%
49 MCDex MCB $2.35
$11.28M
$11.28 million
+0.01%
50 Bitrue Coin BTR $0.0139
$11.15M
$11.15 million
-2.32%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Bluefin BLUE $0.0112
$6.75M
$6.75 million
+23.16%
Velodrome Finance VELO $0.0418
$56.38M
$56.38 million
+6.36%
Osmosis OSMO $0.0361
$28.60M
$28.60 million
+5.43%
Aerodrome AERO $0.951
$955.78M
$955.78 million
+5.33%
Pangolin PNG $0.0342
$8.17M
$8.17 million
+5.11%
All Gainers

Market Cap

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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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