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 $ 600.12
$ 79.92B
$ 79.92 billion
+1.00%
2 Hyperliquid HYPE $ 57.34
$ 17.13B
$ 17.13 billion
+3.53%
3 Uniswap UNI $ 4.14
$ 2.58B
$ 2.58 billion
+6.24%
4 Cronos CRO $ 0.0542
$ 2.56B
$ 2.56 billion
-0.33%
5 OKB OKB $ 86.04
$ 1.81B
$ 1.81 billion
-0.99%
6 Bitget Token BGB $ 1.63
$ 1.14B
$ 1.14 billion
+0.67%
7 KuCoin Token KCS $ 6.61
$ 907.00M
$ 907.00 million
+1.14%
8 GateToken GT $ 6.49
$ 713.82M
$ 713.82 million
+0.63%
9 Jupiter JUP $ 0.189
$ 627.50M
$ 627.50 million
-0.93%
10 PancakeSwap CAKE $ 1.43
$ 459.00M
$ 459.00 million
+0.38%
11 Aerodrome AERO $ 0.427
$ 413.80M
$ 413.80 million
+2.79%
12 Sun SUN $ 0.0180
$ 345.09M
$ 345.09 million
-0.24%
13 Curve DAO Token CRV $ 0.204
$ 315.31M
$ 315.31 million
-0.30%
14 Raydium RAY $ 0.621
$ 167.18M
$ 167.18 million
+0.27%
15 THORChain RUNE $ 0.447
$ 151.08M
$ 151.08 million
-0.07%
16 MX Token MX $ 1.60
$ 146.71M
$ 146.71 million
+0.27%
17 FTX Token FTT $ 0.201
$ 66.17M
$ 66.17 million
+2.76%
18 KUB Coin KUB $ 0.612
$ 54.48M
$ 54.48 million
-0.58%
19 SUSHI SUSHI $ 0.154
$ 45.08M
$ 45.08 million
-2.04%
20 Gemini dollar GUSD $ 1.00
$ 30.45M
$ 30.45 million
-0.00%
21 Velodrome Finance VELO $ 0.0175
$ 22.15M
$ 22.15 million
+3.33%
22 Osmosis OSMO $ 0.0282
$ 22.11M
$ 22.11 million
+1.95%
23 DODO DODO $ 0.0255
$ 19.86M
$ 19.86 million
+39.54%
24 Cetus CETUS $ 0.0178
$ 17.01M
$ 17.01 million
-0.53%
25 Quickswap[New] QUICK $ 0.00814
$ 15.34M
$ 15.34 million
+2.39%
26 Loopring LRC $ 0.0104
$ 14.20M
$ 14.20 million
-0.54%
27 Maverick Protocol MAV $ 0.00809
$ 8.47M
$ 8.47 million
+1.77%
28 Balancer BAL $ 0.110
$ 7.61M
$ 7.61 million
+2.21%
29 THENA THE $ 0.0526
$ 7.49M
$ 7.49 million
+0.78%
30 JOE JOE $ 0.0249
$ 5.44M
$ 5.44 million
+2.63%
31 Minswap MIN $ 0.00315
$ 5.42M
$ 5.42 million
-0.85%
32 Pangolin PNG $ 0.0206
$ 4.85M
$ 4.85 million
+0.39%
33 Bluefin BLUE $ 0.00837
$ 4.62M
$ 4.62 million
+1.19%
34 LCX LCX $ 0.0163
$ 4.25M
$ 4.25 million
-78.92%
35 HTX HTX $ 0.0₅180
$ 3.77M
$ 3.77 million
-0.30%
36 SAROS SAROS $ 0.000297
$ 925,818
$ 925,818
-1.35%

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

37 LEO LEO $ 9.75
$ 8.97B
$ 8.97 billion
-0.08%
38 BTSE Token BTSE $ 0.827
$ 134.09M
$ 134.09 million
-1.37%
39 Huobi Token HT $ 0.0863
$ 43.17M
$ 43.17 million
-0.39%
40 THORChain Yield TCY $ 0.143
$ 30.08M
$ 30.08 million
+2.41%
41 THORSwap THOR $ 0.0430
$ 21.49M
$ 21.49 million
-2.02%
42 BitMart Token BMX $ 0.0513
$ 16.73M
$ 16.73 million
+0.29%
43 VVS Finance VVS $ 0.0₆932
$ 15.01M
$ 15.01 million
-0.55%
44 Rujira RUJI $ 0.184
$ 13.70M
$ 13.70 million
-2.97%
45 MCDex MCB $ 2.12
$ 10.18M
$ 10.18 million
+0.09%
46 Bitrue Coin BTR $ 0.00965
$ 7.73M
$ 7.73 million
+0.80%
47 WazirX WRX $ 0.0158
$ 6.60M
$ 6.60 million
-0.32%
48 CoinEx Token CET $ 0.0108
$ 2.18M
$ 2.18 million
-0.04%
49 THORChain (ERC20) RUNE $ 0.446
$ 1.54M
$ 1.54 million
-0.06%
50 IDEX IDEX $ 0.00102
$ 1.02M
$ 1.02 million
-0.67%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
DODO DODO $ 0.0255
$ 19.86M
$ 19.86 million
+39.54%
Uniswap UNI $ 4.14
$ 2.58B
$ 2.58 billion
+6.24%
Hyperliquid HYPE $ 57.34
$ 17.13B
$ 17.13 billion
+3.53%
Velodrome Finance VELO $ 0.0175
$ 22.15M
$ 22.15 million
+3.33%
Aerodrome AERO $ 0.427
$ 413.80M
$ 413.80 million
+2.79%
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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