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 $ 606.38
$ 80.75B
$ 80.75 billion
-0.80%
2 Hyperliquid HYPE $ 57.19
$ 17.10B
$ 17.10 billion
+1.80%
3 Cronos CRO $ 0.0475
$ 2.25B
$ 2.25 billion
-1.70%
4 OKB OKB $ 104.16
$ 2.19B
$ 2.19 billion
-2.63%
5 Uniswap UNI $ 3.25
$ 2.03B
$ 2.03 billion
-0.90%
6 HTX HTX $ 0.0₅179
$ 1.61B
$ 1.61 billion
-0.67%
7 Bitget Token BGB $ 1.65
$ 1.15B
$ 1.15 billion
-0.40%
8 KuCoin Token KCS $ 6.58
$ 902.26M
$ 902.26 million
+0.04%
9 GateToken GT $ 6.67
$ 733.76M
$ 733.76 million
-0.55%
10 Jupiter JUP $ 0.167
$ 554.41M
$ 554.41 million
-1.68%
11 PancakeSwap CAKE $ 1.43
$ 459.01M
$ 459.01 million
-0.53%
12 Aerodrome AERO $ 0.401
$ 392.10M
$ 392.10 million
-0.70%
13 Curve DAO Token CRV $ 0.240
$ 371.61M
$ 371.61 million
-0.92%
14 Sun SUN $ 0.0179
$ 344.55M
$ 344.55 million
-0.75%
15 Raydium RAY $ 0.621
$ 167.45M
$ 167.45 million
-0.59%
16 MX Token MX $ 1.63
$ 149.56M
$ 149.56 million
+0.04%
17 THORChain RUNE $ 0.419
$ 141.83M
$ 141.83 million
-0.47%
18 FTX Token FTT $ 0.209
$ 68.61M
$ 68.61 million
-0.48%
19 SUSHI SUSHI $ 0.159
$ 46.57M
$ 46.57 million
-0.08%
20 KUB Coin KUB $ 0.481
$ 42.78M
$ 42.78 million
-6.76%
21 Gemini dollar GUSD $ 1.00
$ 30.47M
$ 30.47 million
-0.03%
22 Osmosis OSMO $ 0.0301
$ 23.62M
$ 23.62 million
+0.53%
23 Velodrome Finance VELO $ 0.0170
$ 21.73M
$ 21.73 million
+0.32%
24 Cetus CETUS $ 0.0218
$ 20.98M
$ 20.98 million
+7.87%
25 DODO DODO $ 0.0197
$ 15.28M
$ 15.28 million
-8.31%
26 Quickswap[New] QUICK $ 0.00808
$ 15.25M
$ 15.25 million
+0.08%
27 Loopring LRC $ 0.00866
$ 11.86M
$ 11.86 million
-2.00%
28 Maverick Protocol MAV $ 0.00914
$ 9.58M
$ 9.58 million
+0.02%
29 THENA THE $ 0.0605
$ 8.70M
$ 8.70 million
+0.52%
30 Balancer BAL $ 0.106
$ 7.35M
$ 7.35 million
-0.05%
31 JOE JOE $ 0.0282
$ 6.17M
$ 6.17 million
-0.99%
32 Minswap MIN $ 0.00298
$ 5.13M
$ 5.13 million
-2.38%
33 Pangolin PNG $ 0.0197
$ 4.64M
$ 4.64 million
-3.15%
34 Bluefin BLUE $ 0.00766
$ 4.22M
$ 4.22 million
+1.05%
35 SAROS SAROS $ 0.000285
$ 891,189
$ 891,189
+0.38%

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

36 LEO LEO $ 9.40
$ 8.65B
$ 8.65 billion
+7.59%
37 BTSE Token BTSE $ 0.933
$ 151.21M
$ 151.21 million
+2.74%
38 Huobi Token HT $ 0.103
$ 51.59M
$ 51.59 million
+178.89%
39 THORChain Yield TCY $ 0.134
$ 28.05M
$ 28.05 million
+1.79%
40 THORSwap THOR $ 0.0400
$ 20.02M
$ 20.02 million
-1.71%
41 BitMart Token BMX $ 0.0569
$ 18.55M
$ 18.55 million
-0.12%
42 VVS Finance VVS $ 0.0₆811
$ 13.06M
$ 13.06 million
-1.98%
43 Rujira RUJI $ 0.172
$ 12.83M
$ 12.83 million
+0.14%
44 Bitrue Coin BTR $ 0.00926
$ 7.42M
$ 7.42 million
-0.09%
45 WazirX WRX $ 0.0140
$ 5.87M
$ 5.87 million
-1.62%
46 Time TIME $ 6.40
$ 4.54M
$ 4.54 million
-2.15%
47 LCX LCX $ 0.0143
$ 3.66M
$ 3.66 million
-2.10%
48 CoinEx Token CET $ 0.0121
$ 2.44M
$ 2.44 million
-0.79%
49 THORChain (ERC20) RUNE $ 0.419
$ 1.45M
$ 1.45 million
-0.38%
50 LATOKEN LA $ 0.00212
$ 848,000
$ 848,000
+0.00%
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Trending Exchange Tokens

Top Gainers

Coins Live Price Market cap 24h
Cetus CETUS $ 0.0218
$ 20.98M
$ 20.98 million
+7.87%
Hyperliquid HYPE $ 57.19
$ 17.10B
$ 17.10 billion
+1.80%
Bluefin BLUE $ 0.00766
$ 4.22M
$ 4.22 million
+1.05%
Osmosis OSMO $ 0.0301
$ 23.62M
$ 23.62 million
+0.53%
THENA THE $ 0.0605
$ 8.70M
$ 8.70 million
+0.52%
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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