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 $ 625.11
$ 84.26B
$ 84.26 billion
+0.94%
2 Hyperliquid HYPE $ 44.74
$ 13.38B
$ 13.38 billion
+0.20%
3 Cronos CRO $ 0.0701
$ 2.97B
$ 2.97 billion
+1.80%
4 Uniswap UNI $ 3.40
$ 2.17B
$ 2.17 billion
+6.45%
5 OKB OKB $ 85.49
$ 1.79B
$ 1.79 billion
+0.79%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
+0.03%
7 KuCoin Token KCS $ 8.58
$ 1.16B
$ 1.16 billion
+1.33%
8 GateToken GT $ 7.10
$ 817.68M
$ 817.68 million
+1.68%
9 Jupiter JUP $ 0.174
$ 617.31M
$ 617.31 million
+4.56%
10 PancakeSwap CAKE $ 1.60
$ 523.73M
$ 523.73 million
-0.49%
11 Sun SUN $ 0.0183
$ 351.87M
$ 351.87 million
-0.34%
12 Aerodrome AERO $ 0.381
$ 351.04M
$ 351.04 million
+1.86%
13 Curve DAO Token CRV $ 0.231
$ 339.75M
$ 339.75 million
+4.75%
14 Raydium RAY $ 0.682
$ 183.07M
$ 183.07 million
+4.44%
15 MX Token MX $ 1.77
$ 162.84M
$ 162.84 million
-0.09%
16 THORChain RUNE $ 0.410
$ 144.05M
$ 144.05 million
+1.38%
17 FTX Token FTT $ 0.305
$ 100.28M
$ 100.28 million
+4.84%
18 KUB Coin KUB $ 0.852
$ 75.86M
$ 75.86 million
+0.64%
19 SUSHI SUSHI $ 0.218
$ 62.98M
$ 62.98 million
+10.29%
20 Gemini dollar GUSD $ 0.999
$ 35.66M
$ 35.66 million
-0.05%
21 Osmosis OSMO $ 0.0318
$ 24.52M
$ 24.52 million
+2.60%
22 Loopring LRC $ 0.0166
$ 22.66M
$ 22.66 million
+1.35%
23 Quickswap[New] QUICK $ 0.0112
$ 20.80M
$ 20.80 million
+2.13%
24 VVS Finance VVS $ 0.0₅129
$ 20.74M
$ 20.74 million
+1.13%
25 Cetus CETUS $ 0.0215
$ 20.07M
$ 20.07 million
+7.98%
26 Velodrome Finance VELO $ 0.0155
$ 17.82M
$ 17.82 million
+4.67%
27 DODO DODO $ 0.0178
$ 13.86M
$ 13.86 million
+5.01%
28 THENA THE $ 0.102
$ 13.12M
$ 13.12 million
+1.75%
29 Maverick Protocol MAV $ 0.0160
$ 12.86M
$ 12.86 million
+6.28%
30 Balancer BAL $ 0.153
$ 10.42M
$ 10.42 million
-2.56%
31 JOE JOE $ 0.0458
$ 10.03M
$ 10.03 million
-3.44%
32 Bluefin BLUE $ 0.0174
$ 8.33M
$ 8.33 million
+4.70%
33 Pangolin PNG $ 0.0277
$ 6.37M
$ 6.37 million
+0.98%
34 HTX HTX $ 0.0₅178
$ 3.37M
$ 3.37 million
-0.21%
35 IDEX IDEX $ 0.00235
$ 2.35M
$ 2.35 million
-3.19%

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

36 LEO LEO $ 10.15
$ 9.35B
$ 9.35 billion
+0.02%
37 BTSE Token BTSE $ 1.09
$ 176.15M
$ 176.15 million
-1.24%
38 BitMart Token BMX $ 0.332
$ 108.30M
$ 108.30 million
+2.08%
39 LCX LCX $ 0.109
$ 103.19M
$ 103.19 million
-13.60%
40 Huobi Token HT $ 0.172
$ 85.95M
$ 85.95 million
-1.32%
41 THORSwap THOR $ 0.0605
$ 30.27M
$ 30.27 million
+6.11%
42 THORChain Yield TCY $ 0.113
$ 23.79M
$ 23.79 million
+1.65%
43 Rujira RUJI $ 0.173
$ 12.86M
$ 12.86 million
+1.72%
44 ASD ASD $ 0.0154
$ 11.43M
$ 11.43 million
-1.79%
45 Bitrue Coin BTR $ 0.0143
$ 11.42M
$ 11.42 million
+0.43%
46 WazirX WRX $ 0.0257
$ 10.77M
$ 10.77 million
-1.23%
47 Minswap MIN $ 0.00522
$ 9.15M
$ 9.15 million
+4.47%
48 MCDex MCB $ 1.66
$ 7.95M
$ 7.95 million
-0.28%
49 CoinEx Token CET $ 0.0299
$ 6.02M
$ 6.02 million
+0.28%
50 Time TIME $ 3.36
$ 2.38M
$ 2.38 million
+50.35%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
SUSHI SUSHI $ 0.218
$ 62.98M
$ 62.98 million
+10.29%
Cetus CETUS $ 0.0215
$ 20.07M
$ 20.07 million
+7.98%
Uniswap UNI $ 3.40
$ 2.17B
$ 2.17 billion
+6.45%
Maverick Protocol MAV $ 0.0160
$ 12.86M
$ 12.86 million
+6.28%
DODO DODO $ 0.0178
$ 13.86M
$ 13.86 million
+5.01%
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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