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 $ 621.19
$ 83.74B
$ 83.74 billion
+0.82%
2 Hyperliquid HYPE $ 44.46
$ 13.29B
$ 13.29 billion
+2.86%
3 Cronos CRO $ 0.0692
$ 2.93B
$ 2.93 billion
-0.28%
4 Uniswap UNI $ 3.21
$ 2.05B
$ 2.05 billion
+2.64%
5 OKB OKB $ 85.68
$ 1.80B
$ 1.80 billion
+0.03%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
-0.42%
7 KuCoin Token KCS $ 8.52
$ 1.15B
$ 1.15 billion
+1.62%
8 GateToken GT $ 6.97
$ 803.75M
$ 803.75 million
+2.42%
9 Jupiter JUP $ 0.168
$ 597.44M
$ 597.44 million
+1.52%
10 PancakeSwap CAKE $ 1.59
$ 522.66M
$ 522.66 million
+0.20%
11 Sun SUN $ 0.0183
$ 351.77M
$ 351.77 million
+1.69%
12 Aerodrome AERO $ 0.375
$ 344.67M
$ 344.67 million
+1.04%
13 Curve DAO Token CRV $ 0.224
$ 329.30M
$ 329.30 million
+4.88%
14 Raydium RAY $ 0.655
$ 175.89M
$ 175.89 million
+1.29%
15 MX Token MX $ 1.77
$ 162.91M
$ 162.91 million
+0.06%
16 THORChain RUNE $ 0.407
$ 142.75M
$ 142.75 million
+0.74%
17 FTX Token FTT $ 0.293
$ 96.29M
$ 96.29 million
+0.71%
18 KUB Coin KUB $ 0.847
$ 75.37M
$ 75.37 million
-0.86%
19 SUSHI SUSHI $ 0.199
$ 57.39M
$ 57.39 million
+2.46%
20 Gemini dollar GUSD $ 1.00
$ 35.69M
$ 35.69 million
+0.07%
21 Osmosis OSMO $ 0.0311
$ 23.97M
$ 23.97 million
+1.67%
22 Loopring LRC $ 0.0164
$ 22.40M
$ 22.40 million
+1.75%
23 VVS Finance VVS $ 0.0₅127
$ 20.55M
$ 20.55 million
-1.85%
24 Quickswap[New] QUICK $ 0.0109
$ 20.32M
$ 20.32 million
+3.13%
25 Cetus CETUS $ 0.0200
$ 18.70M
$ 18.70 million
+1.78%
26 Velodrome Finance VELO $ 0.0150
$ 17.03M
$ 17.03 million
+0.20%
27 DODO DODO $ 0.0169
$ 13.20M
$ 13.20 million
+0.93%
28 THENA THE $ 0.101
$ 13.02M
$ 13.02 million
+0.35%
29 Maverick Protocol MAV $ 0.0153
$ 12.28M
$ 12.28 million
+6.81%
30 Balancer BAL $ 0.156
$ 10.62M
$ 10.62 million
+0.23%
31 JOE JOE $ 0.0469
$ 10.27M
$ 10.27 million
+4.58%
32 Bluefin BLUE $ 0.0168
$ 7.56M
$ 7.56 million
+2.46%
33 Pangolin PNG $ 0.0274
$ 6.31M
$ 6.31 million
-2.27%
34 HTX HTX $ 0.0₅179
$ 3.37M
$ 3.37 million
+0.47%
35 IDEX IDEX $ 0.00240
$ 2.40M
$ 2.40 million
-1.23%

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

36 LEO LEO $ 10.16
$ 9.35B
$ 9.35 billion
+0.28%
37 LCX LCX $ 0.113
$ 106.90M
$ 106.90 million
-4.20%
38 BitMart Token BMX $ 0.326
$ 106.29M
$ 106.29 million
+0.76%
39 Huobi Token HT $ 0.173
$ 86.75M
$ 86.75 million
-1.33%
40 THORSwap THOR $ 0.0575
$ 28.76M
$ 28.76 million
+6.03%
41 THORChain Yield TCY $ 0.111
$ 23.41M
$ 23.41 million
+0.21%
42 Rujira RUJI $ 0.170
$ 12.68M
$ 12.68 million
-0.05%
43 ASD ASD $ 0.0157
$ 11.64M
$ 11.64 million
+0.77%
44 Bitrue Coin BTR $ 0.0142
$ 11.35M
$ 11.35 million
+0.09%
45 WazirX WRX $ 0.0260
$ 10.90M
$ 10.90 million
-2.77%
46 Minswap MIN $ 0.00504
$ 8.86M
$ 8.86 million
+1.52%
47 CoinEx Token CET $ 0.0299
$ 6.01M
$ 6.01 million
+0.81%
48 Time TIME $ 4.84
$ 3.44M
$ 3.44 million
+123.84%
49 Camelot Token GRAIL $ 69.35
$ 1.73M
$ 1.73 million
-0.91%
50 LATOKEN LA $ 0.00386
$ 1.54M
$ 1.54 million
-0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Maverick Protocol MAV $ 0.0153
$ 12.28M
$ 12.28 million
+6.81%
Curve DAO Token CRV $ 0.224
$ 329.30M
$ 329.30 million
+4.88%
JOE JOE $ 0.0469
$ 10.27M
$ 10.27 million
+4.58%
Quickswap[New] QUICK $ 0.0109
$ 20.32M
$ 20.32 million
+3.13%
Hyperliquid HYPE $ 44.46
$ 13.29B
$ 13.29 billion
+2.86%
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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