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 $ 593.08
$ 78.98B
$ 78.98 billion
+0.07%
2 Hyperliquid HYPE $ 54.20
$ 16.20B
$ 16.20 billion
-3.49%
3 Uniswap UNI $ 3.98
$ 2.48B
$ 2.48 billion
-1.01%
4 Cronos CRO $ 0.0509
$ 2.41B
$ 2.41 billion
-4.49%
5 OKB OKB $ 90.45
$ 1.90B
$ 1.90 billion
+5.93%
6 Bitget Token BGB $ 1.62
$ 1.13B
$ 1.13 billion
+0.16%
7 KuCoin Token KCS $ 6.61
$ 905.89M
$ 905.89 million
+0.38%
8 GateToken GT $ 6.61
$ 727.35M
$ 727.35 million
-0.93%
9 Jupiter JUP $ 0.181
$ 601.64M
$ 601.64 million
-0.52%
10 PancakeSwap CAKE $ 1.41
$ 452.53M
$ 452.53 million
+0.34%
11 Aerodrome AERO $ 0.440
$ 428.26M
$ 428.26 million
+0.58%
12 Sun SUN $ 0.0179
$ 344.21M
$ 344.21 million
-0.30%
13 Curve DAO Token CRV $ 0.212
$ 327.70M
$ 327.70 million
-1.02%
14 Raydium RAY $ 0.620
$ 166.88M
$ 166.88 million
+1.32%
15 THORChain RUNE $ 0.452
$ 152.76M
$ 152.76 million
+1.90%
16 MX Token MX $ 1.63
$ 149.82M
$ 149.82 million
+0.55%
17 FTX Token FTT $ 0.196
$ 64.26M
$ 64.26 million
-1.34%
18 KUB Coin KUB $ 0.612
$ 54.49M
$ 54.49 million
+0.21%
19 SUSHI SUSHI $ 0.167
$ 48.80M
$ 48.80 million
+0.28%
20 Gemini dollar GUSD $ 1.00
$ 30.45M
$ 30.45 million
-0.05%
21 Velodrome Finance VELO $ 0.0182
$ 23.20M
$ 23.20 million
+1.42%
22 Osmosis OSMO $ 0.0285
$ 22.28M
$ 22.28 million
-0.77%
23 BitMart Token BMX $ 0.0515
$ 16.80M
$ 16.80 million
+0.75%
24 Cetus CETUS $ 0.0175
$ 16.70M
$ 16.70 million
+0.30%
25 Quickswap[New] QUICK $ 0.00814
$ 15.38M
$ 15.38 million
-0.48%
26 DODO DODO $ 0.0196
$ 15.13M
$ 15.13 million
-6.26%
27 Loopring LRC $ 0.0102
$ 13.94M
$ 13.94 million
-1.58%
28 Maverick Protocol MAV $ 0.00868
$ 9.09M
$ 9.09 million
+5.06%
29 THENA THE $ 0.0540
$ 7.72M
$ 7.72 million
+1.38%
30 Balancer BAL $ 0.108
$ 7.49M
$ 7.49 million
-1.86%
31 Minswap MIN $ 0.00325
$ 5.58M
$ 5.58 million
-1.17%
32 JOE JOE $ 0.0250
$ 5.48M
$ 5.48 million
-0.94%
33 Pangolin PNG $ 0.0204
$ 4.81M
$ 4.81 million
+0.05%
34 Bluefin BLUE $ 0.00800
$ 4.41M
$ 4.41 million
-1.32%
35 HTX HTX $ 0.0₅179
$ 3.75M
$ 3.75 million
-0.37%
36 SAROS SAROS $ 0.000289
$ 902,433
$ 902,433
+0.77%

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

37 LEO LEO $ 9.77
$ 8.98B
$ 8.98 billion
+0.01%
38 Huobi Token HT $ 0.0894
$ 44.70M
$ 44.70 million
+1.60%
39 THORChain Yield TCY $ 0.121
$ 25.45M
$ 25.45 million
-14.88%
40 THORSwap THOR $ 0.0440
$ 21.99M
$ 21.99 million
+2.78%
41 Rujira RUJI $ 0.192
$ 14.29M
$ 14.29 million
+1.36%
42 VVS Finance VVS $ 0.0₆876
$ 14.11M
$ 14.11 million
-4.20%
43 Bitrue Coin BTR $ 0.00971
$ 7.78M
$ 7.78 million
-0.82%
44 WazirX WRX $ 0.0152
$ 6.37M
$ 6.37 million
-4.65%
45 LCX LCX $ 0.0163
$ 4.25M
$ 4.25 million
-78.61%
46 CoinEx Token CET $ 0.0111
$ 2.22M
$ 2.22 million
+1.06%
47 THORChain (ERC20) RUNE $ 0.451
$ 1.56M
$ 1.56 million
+2.13%
48 Verse VERSE $ 0.0000181
$ 932,252
$ 932,252
+0.16%
49 LATOKEN LA $ 0.00212
$ 848,000
$ 848,000
+0.00%
50 IDEX IDEX $ 0.000838
$ 838,726
$ 838,726
-11.95%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
OKB OKB $ 90.45
$ 1.90B
$ 1.90 billion
+5.93%
Maverick Protocol MAV $ 0.00868
$ 9.09M
$ 9.09 million
+5.06%
THORChain RUNE $ 0.452
$ 152.76M
$ 152.76 million
+1.90%
Velodrome Finance VELO $ 0.0182
$ 23.20M
$ 23.20 million
+1.42%
THENA THE $ 0.0540
$ 7.72M
$ 7.72 million
+1.38%
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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