Exchange Tokens

140 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 $ 831.23
$ 114.50B
$ 114.50 billion
-3.22%
2 WhiteBIT Coin WBT $ 57.79
$ 12.38B
$ 12.38 billion
+1.24%
3 Hyperliquid HYPE $ 24.40
$ 8.28B
$ 8.28 billion
-9.85%
4 LEO LEO $ 6.84
$ 6.29B
$ 6.29 billion
-26.08%
5 Cronos CRO $ 0.0899
$ 3.46B
$ 3.46 billion
-4.81%
6 Uniswap UNI $ 4.89
$ 3.02B
$ 3.02 billion
-3.95%
7 Bitget Token BGB $ 3.45
$ 2.41B
$ 2.41 billion
-1.45%
8 OKB OKB $ 104.99
$ 2.20B
$ 2.20 billion
-3.15%
9 KuCoin Token KCS $ 10.35
$ 1.34B
$ 1.34 billion
-1.08%
10 GateToken GT $ 10.07
$ 807.28M
$ 807.28 million
-1.94%
11 PancakeSwap CAKE $ 1.81
$ 607.32M
$ 607.32 million
-4.36%
12 Jupiter JUP $ 0.179
$ 562.41M
$ 562.41 million
-6.30%
13 Curve DAO Token CRV $ 0.347
$ 498.87M
$ 498.87 million
-3.22%
14 Aerodrome AERO $ 0.492
$ 445.38M
$ 445.38 million
-5.91%
15 Sun SUN $ 0.0201
$ 385.77M
$ 385.77 million
-1.80%
16 Raydium RAY $ 0.899
$ 241.53M
$ 241.53 million
-7.24%
17 THORChain RUNE $ 0.576
$ 202.28M
$ 202.28 million
-4.71%
18 MX Token MX $ 2.08
$ 192.06M
$ 192.06 million
-0.55%
19 FTX Token FTT $ 0.499
$ 164.18M
$ 164.18 million
-6.90%
20 KUB Coin KUB $ 1.25
$ 111.23M
$ 111.23 million
+0.07%
21 SUSHI SUSHI $ 0.278
$ 81.37M
$ 81.37 million
-6.84%
22 Loopring LRC $ 0.0527
$ 66.28M
$ 66.28 million
-6.16%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0508
$ 48.26M
$ 48.26 million
-2.90%
24 Gemini dollar GUSD $ 1.00
$ 46.59M
$ 46.59 million
+0.03%
25 Balancer BAL $ 0.625
$ 41.07M
$ 41.07 million
-2.34%
26 Osmosis OSMO $ 0.0528
$ 39.92M
$ 39.92 million
-6.64%
27 THENA THE $ 0.178
$ 22.39M
$ 22.39 million
+1.15%
28 Velodrome Finance VELO $ 0.0210
$ 22.04M
$ 22.04 million
-7.74%
29 Maverick Protocol MAV $ 0.0256
$ 17.09M
$ 17.09 million
-9.19%
30 DODO DODO $ 0.0173
$ 13.23M
$ 13.23 million
-7.01%
31 JOE JOE $ 0.0578
$ 12.68M
$ 12.68 million
-8.79%
32 IDEX IDEX $ 0.0104
$ 10.39M
$ 10.39 million
-7.40%
33 Bluefin BLUE $ 0.0296
$ 9.77M
$ 9.77 million
-8.07%
34 Pangolin PNG $ 0.0396
$ 8.90M
$ 8.90 million
-4.65%
35 Cetus CETUS $ 0.0230
$ 7.75M
$ 7.75 million
-7.20%
36 Quickswap[New] QUICK $ 0.0102
$ 7.60M
$ 7.60 million
-5.70%
37 Time TIME $ 6.45
$ 4.59M
$ 4.59 million
-0.41%
38 HTX HTX $ 0.0₅164
$ 3.03M
$ 3.03 million
-0.61%

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

39 Huobi Token HT $ 0.171
$ 85.50M
$ 85.50 million
-2.29%
40 BitMart Token BMX $ 0.402
$ 76.37M
$ 76.37 million
+0.06%
41 THORSwap THOR $ 0.0713
$ 35.63M
$ 35.63 million
+2.16%
42 VVS Finance VVS $ 0.0₅182
$ 29.28M
$ 29.28 million
-4.64%
43 THORChain Yield TCY $ 0.113
$ 23.79M
$ 23.79 million
-0.40%
44 Bitrue Coin BTR $ 0.0253
$ 20.25M
$ 20.25 million
-1.48%
45 Rujira RUJI $ 0.269
$ 20.00M
$ 20.00 million
-3.89%
46 ASD ASD $ 0.0236
$ 17.55M
$ 17.55 million
-11.60%
47 Minswap MIN $ 0.00770
$ 13.54M
$ 13.54 million
-4.03%
48 CoinEx Token CET $ 0.0432
$ 8.68M
$ 8.68 million
-1.76%
49 Quidax Token QDX $ 0.0690
$ 5.32M
$ 5.32 million
-13.08%
50 Camelot Token GRAIL $ 127.17
$ 3.01M
$ 3.01 million
-5.39%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
WhiteBIT Coin WBT $ 57.79
$ 12.38B
$ 12.38 billion
+1.24%
THENA THE $ 0.178
$ 22.39M
$ 22.39 million
+1.15%
KUB Coin KUB $ 1.25
$ 111.23M
$ 111.23 million
+0.07%
Gemini dollar GUSD $ 1.00
$ 46.59M
$ 46.59 million
+0.03%
Time TIME $ 6.45
$ 4.59M
$ 4.59 million
-0.41%
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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