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 $ 578.95
$ 78.05B
$ 78.05 billion
+0.46%
2 Hyperliquid HYPE $ 70.59
$ 21.10B
$ 21.10 billion
+4.22%
3 Cronos CRO $ 0.0585
$ 2.69B
$ 2.69 billion
+0.43%
4 Uniswap UNI $ 3.04
$ 1.89B
$ 1.89 billion
+2.14%
5 OKB OKB $ 76.29
$ 1.60B
$ 1.60 billion
+5.24%
6 Bitget Token BGB $ 1.77
$ 1.24B
$ 1.24 billion
-1.20%
7 KuCoin Token KCS $ 7.19
$ 967.81M
$ 967.81 million
+1.81%
8 GateToken GT $ 6.63
$ 744.36M
$ 744.36 million
+1.10%
9 Jupiter JUP $ 0.186
$ 617.43M
$ 617.43 million
-0.12%
10 Aerodrome AERO $ 0.489
$ 468.72M
$ 468.72 million
+12.30%
11 PancakeSwap CAKE $ 1.38
$ 448.02M
$ 448.02 million
+4.89%
12 Sun SUN $ 0.0172
$ 330.41M
$ 330.41 million
+1.33%
13 Curve DAO Token CRV $ 0.214
$ 315.58M
$ 315.58 million
-2.96%
14 MX Token MX $ 1.76
$ 161.59M
$ 161.59 million
-0.98%
15 Raydium RAY $ 0.591
$ 159.10M
$ 159.10 million
+0.39%
16 THORChain RUNE $ 0.392
$ 132.77M
$ 132.77 million
-4.77%
17 FTX Token FTT $ 0.262
$ 86.27M
$ 86.27 million
+2.67%
18 KUB Coin KUB $ 0.761
$ 67.78M
$ 67.78 million
+0.18%
19 SUSHI SUSHI $ 0.176
$ 50.87M
$ 50.87 million
-0.05%
20 Gemini dollar GUSD $ 1.00
$ 37.71M
$ 37.71 million
-0.01%
21 Osmosis OSMO $ 0.0472
$ 36.73M
$ 36.73 million
+7.04%
22 Velodrome Finance VELO $ 0.0183
$ 22.24M
$ 22.24 million
+8.75%
23 Loopring LRC $ 0.0134
$ 18.39M
$ 18.39 million
+2.46%
24 Cetus CETUS $ 0.0180
$ 17.06M
$ 17.06 million
-0.24%
25 VVS Finance VVS $ 0.0₅103
$ 16.59M
$ 16.59 million
+0.71%
26 Quickswap[New] QUICK $ 0.00705
$ 13.10M
$ 13.10 million
+0.72%
27 DODO DODO $ 0.0164
$ 12.79M
$ 12.79 million
+8.52%
28 Maverick Protocol MAV $ 0.0104
$ 8.34M
$ 8.34 million
+1.99%
29 THENA THE $ 0.0622
$ 8.02M
$ 8.02 million
-3.07%
30 Balancer BAL $ 0.0953
$ 6.49M
$ 6.49 million
-1.66%
31 JOE JOE $ 0.0294
$ 6.44M
$ 6.44 million
-1.39%
32 Bluefin BLUE $ 0.0108
$ 5.41M
$ 5.41 million
+0.30%
33 Pangolin PNG $ 0.0210
$ 4.91M
$ 4.91 million
-0.26%
34 HTX HTX $ 0.0₅172
$ 3.25M
$ 3.25 million
+1.38%
35 SAROS SAROS $ 0.000403
$ 890,644
$ 890,644
-3.82%

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

36 LEO LEO $ 9.54
$ 8.78B
$ 8.78 billion
-0.47%
37 BitMart Token BMX $ 0.310
$ 101.21M
$ 101.21 million
+0.05%
38 LCX LCX $ 0.0684
$ 64.96M
$ 64.96 million
-0.58%
39 Huobi Token HT $ 0.0927
$ 46.36M
$ 46.36 million
+2.18%
40 Rujira RUJI $ 0.244
$ 18.20M
$ 18.20 million
-3.09%
41 THORChain Yield TCY $ 0.0841
$ 17.66M
$ 17.66 million
-3.66%
42 THORSwap THOR $ 0.0332
$ 16.59M
$ 16.59 million
+17.14%
43 Bitrue Coin BTR $ 0.0122
$ 9.80M
$ 9.80 million
+0.23%
44 WazirX WRX $ 0.0201
$ 8.41M
$ 8.41 million
-0.64%
45 Minswap MIN $ 0.00300
$ 5.19M
$ 5.19 million
+0.85%
46 Time TIME $ 5.28
$ 3.75M
$ 3.75 million
+0.34%
47 CoinEx Token CET $ 0.0186
$ 3.75M
$ 3.75 million
+1.12%
48 ASD ASD $ 0.00478
$ 3.55M
$ 3.55 million
+0.00%
49 LATOKEN LA $ 0.00362
$ 1.45M
$ 1.45 million
+0.00%
50 THORChain (ERC20) RUNE $ 0.393
$ 1.36M
$ 1.36 million
-4.57%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Aerodrome AERO $ 0.489
$ 468.72M
$ 468.72 million
+12.30%
Velodrome Finance VELO $ 0.0183
$ 22.24M
$ 22.24 million
+8.75%
DODO DODO $ 0.0164
$ 12.79M
$ 12.79 million
+8.52%
Osmosis OSMO $ 0.0472
$ 36.73M
$ 36.73 million
+7.04%
OKB OKB $ 76.29
$ 1.60B
$ 1.60 billion
+5.24%
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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