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 $ 605.94
$ 82.62B
$ 82.62 billion
+0.42%
2 Hyperliquid HYPE $ 42.31
$ 12.66B
$ 12.66 billion
+2.30%
3 Cronos CRO $ 0.0695
$ 2.95B
$ 2.95 billion
+0.07%
4 Uniswap UNI $ 3.14
$ 1.99B
$ 1.99 billion
-0.11%
5 OKB OKB $ 85.33
$ 1.79B
$ 1.79 billion
+1.25%
6 Bitget Token BGB $ 1.95
$ 1.36B
$ 1.36 billion
+1.44%
7 KuCoin Token KCS $ 8.56
$ 1.15B
$ 1.15 billion
+1.37%
8 GateToken GT $ 6.68
$ 769.62M
$ 769.62 million
+1.70%
9 Jupiter JUP $ 0.164
$ 582.96M
$ 582.96 million
+0.73%
10 PancakeSwap CAKE $ 1.49
$ 489.47M
$ 489.47 million
-1.38%
11 Aerodrome AERO $ 0.392
$ 361.29M
$ 361.29 million
+5.92%
12 Sun SUN $ 0.0180
$ 346.59M
$ 346.59 million
-0.17%
13 Curve DAO Token CRV $ 0.218
$ 320.94M
$ 320.94 million
-1.35%
14 Raydium RAY $ 0.656
$ 176.19M
$ 176.19 million
+1.88%
15 MX Token MX $ 1.78
$ 163.39M
$ 163.39 million
-0.22%
16 THORChain RUNE $ 0.399
$ 140.23M
$ 140.23 million
+0.26%
17 FTX Token FTT $ 0.294
$ 96.79M
$ 96.79 million
+0.67%
18 KUB Coin KUB $ 0.844
$ 75.18M
$ 75.18 million
+0.31%
19 SUSHI SUSHI $ 0.192
$ 55.37M
$ 55.37 million
-2.01%
20 Gemini dollar GUSD $ 1.000
$ 35.69M
$ 35.69 million
+0.01%
21 Osmosis OSMO $ 0.0311
$ 23.93M
$ 23.93 million
-2.13%
22 Loopring LRC $ 0.0166
$ 22.71M
$ 22.71 million
-2.38%
23 VVS Finance VVS $ 0.0₅131
$ 21.07M
$ 21.07 million
+0.59%
24 Quickswap[New] QUICK $ 0.0101
$ 18.72M
$ 18.72 million
-0.51%
25 Velodrome Finance VELO $ 0.0158
$ 18.05M
$ 18.05 million
+3.07%
26 Cetus CETUS $ 0.0195
$ 17.96M
$ 17.96 million
-1.43%
27 THENA THE $ 0.100
$ 12.89M
$ 12.89 million
-1.50%
28 Balancer BAL $ 0.174
$ 11.88M
$ 11.88 million
+20.24%
29 DODO DODO $ 0.0152
$ 11.82M
$ 11.82 million
-0.49%
30 Maverick Protocol MAV $ 0.0143
$ 11.50M
$ 11.50 million
-2.40%
31 JOE JOE $ 0.0456
$ 9.98M
$ 9.98 million
-6.72%
32 Bluefin BLUE $ 0.0169
$ 7.56M
$ 7.56 million
-0.54%
33 Pangolin PNG $ 0.0280
$ 6.44M
$ 6.44 million
-1.52%
34 HTX HTX $ 0.0₅176
$ 3.32M
$ 3.32 million
+0.09%
35 IDEX IDEX $ 0.00226
$ 2.26M
$ 2.26 million
-0.50%

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

36 LEO LEO $ 10.13
$ 9.33B
$ 9.33 billion
+1.38%
37 BitMart Token BMX $ 0.333
$ 108.57M
$ 108.57 million
+1.74%
38 Huobi Token HT $ 0.173
$ 86.50M
$ 86.50 million
-0.57%
39 LCX LCX $ 0.0388
$ 36.83M
$ 36.83 million
-0.86%
40 THORSwap THOR $ 0.0561
$ 28.06M
$ 28.06 million
+3.21%
41 THORChain Yield TCY $ 0.115
$ 24.10M
$ 24.10 million
+0.38%
42 Rujira RUJI $ 0.172
$ 12.84M
$ 12.84 million
+1.27%
43 Bitrue Coin BTR $ 0.0159
$ 12.76M
$ 12.76 million
+0.49%
44 ASD ASD $ 0.0157
$ 11.63M
$ 11.63 million
+1.62%
45 WazirX WRX $ 0.0264
$ 11.06M
$ 11.06 million
+4.93%
46 Minswap MIN $ 0.00523
$ 9.19M
$ 9.19 million
-0.32%
47 MCDex MCB $ 1.65
$ 7.94M
$ 7.94 million
-3.81%
48 CoinEx Token CET $ 0.0298
$ 5.99M
$ 5.99 million
-0.51%
49 Camelot Token GRAIL $ 69.16
$ 1.72M
$ 1.72 million
-3.98%
50 LATOKEN LA $ 0.00394
$ 1.58M
$ 1.58 million
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Balancer BAL $ 0.174
$ 11.88M
$ 11.88 million
+20.24%
Aerodrome AERO $ 0.392
$ 361.29M
$ 361.29 million
+5.92%
Velodrome Finance VELO $ 0.0158
$ 18.05M
$ 18.05 million
+3.07%
Hyperliquid HYPE $ 42.31
$ 12.66B
$ 12.66 billion
+2.30%
Raydium RAY $ 0.656
$ 176.19M
$ 176.19 million
+1.88%
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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