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 $ 640.94
$ 86.38B
$ 86.38 billion
+2.37%
2 Hyperliquid HYPE $ 44.59
$ 13.34B
$ 13.34 billion
+1.72%
3 Cronos CRO $ 0.0723
$ 3.15B
$ 3.15 billion
+3.44%
4 Uniswap UNI $ 3.52
$ 2.24B
$ 2.24 billion
+4.93%
5 OKB OKB $ 86.72
$ 1.82B
$ 1.82 billion
+2.12%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
+0.65%
7 KuCoin Token KCS $ 8.71
$ 1.17B
$ 1.17 billion
+1.93%
8 GateToken GT $ 7.36
$ 847.39M
$ 847.39 million
+3.85%
9 Jupiter JUP $ 0.187
$ 664.69M
$ 664.69 million
+7.86%
10 PancakeSwap CAKE $ 1.62
$ 531.11M
$ 531.11 million
+1.56%
11 Aerodrome AERO $ 0.459
$ 422.55M
$ 422.55 million
+20.92%
12 Sun SUN $ 0.0186
$ 357.77M
$ 357.77 million
+0.89%
13 Curve DAO Token CRV $ 0.241
$ 353.31M
$ 353.31 million
+5.26%
14 Raydium RAY $ 0.703
$ 188.84M
$ 188.84 million
+3.79%
15 MX Token MX $ 1.78
$ 163.42M
$ 163.42 million
+0.37%
16 THORChain RUNE $ 0.435
$ 152.55M
$ 152.55 million
+6.39%
17 FTX Token FTT $ 0.313
$ 102.78M
$ 102.78 million
+2.39%
18 KUB Coin KUB $ 0.893
$ 79.53M
$ 79.53 million
+4.90%
19 SUSHI SUSHI $ 0.221
$ 63.95M
$ 63.95 million
+3.17%
20 Gemini dollar GUSD $ 1.000
$ 35.68M
$ 35.68 million
+0.07%
21 Osmosis OSMO $ 0.0342
$ 26.33M
$ 26.33 million
+7.20%
22 Loopring LRC $ 0.0182
$ 24.84M
$ 24.84 million
+9.94%
23 Quickswap[New] QUICK $ 0.0117
$ 21.76M
$ 21.76 million
+4.37%
24 VVS Finance VVS $ 0.0₅135
$ 21.68M
$ 21.68 million
+3.14%
25 Cetus CETUS $ 0.0226
$ 21.14M
$ 21.14 million
+5.21%
26 Velodrome Finance VELO $ 0.0173
$ 19.78M
$ 19.78 million
+11.08%
27 DODO DODO $ 0.0178
$ 13.88M
$ 13.88 million
+2.13%
28 THENA THE $ 0.108
$ 13.82M
$ 13.82 million
+4.86%
29 Maverick Protocol MAV $ 0.0169
$ 13.61M
$ 13.61 million
+6.01%
30 Balancer BAL $ 0.158
$ 10.76M
$ 10.76 million
+2.15%
31 JOE JOE $ 0.0469
$ 10.27M
$ 10.27 million
+2.80%
32 Bluefin BLUE $ 0.0177
$ 8.38M
$ 8.38 million
+1.20%
33 Pangolin PNG $ 0.0291
$ 6.69M
$ 6.69 million
+5.05%
34 HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
-0.20%
35 Time TIME $ 3.46
$ 2.46M
$ 2.46 million
+4.97%
36 IDEX IDEX $ 0.00244
$ 2.44M
$ 2.44 million
+2.64%

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

37 LEO LEO $ 10.14
$ 9.33B
$ 9.33 billion
-0.24%
38 BTSE Token BTSE $ 1.08
$ 175.03M
$ 175.03 million
-0.64%
39 LCX LCX $ 0.121
$ 115.18M
$ 115.18 million
+6.35%
40 BitMart Token BMX $ 0.325
$ 106.04M
$ 106.04 million
-1.69%
41 Huobi Token HT $ 0.175
$ 87.75M
$ 87.75 million
+2.69%
42 THORSwap THOR $ 0.0580
$ 29.02M
$ 29.02 million
-3.88%
43 THORChain Yield TCY $ 0.117
$ 24.59M
$ 24.59 million
+3.88%
44 Rujira RUJI $ 0.181
$ 13.47M
$ 13.47 million
+4.96%
45 WazirX WRX $ 0.0301
$ 12.61M
$ 12.61 million
+17.09%
46 Bitrue Coin BTR $ 0.0140
$ 11.25M
$ 11.25 million
-1.41%
47 ASD ASD $ 0.0146
$ 10.87M
$ 10.87 million
-4.88%
48 Minswap MIN $ 0.00544
$ 9.58M
$ 9.58 million
+3.62%
49 MCDex MCB $ 1.66
$ 7.96M
$ 7.96 million
+0.07%
50 CoinEx Token CET $ 0.0298
$ 6.00M
$ 6.00 million
-0.27%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.459
$ 422.55M
$ 422.55 million
+20.92%
Velodrome Finance VELO $ 0.0173
$ 19.78M
$ 19.78 million
+11.08%
Loopring LRC $ 0.0182
$ 24.84M
$ 24.84 million
+9.94%
Jupiter JUP $ 0.187
$ 664.69M
$ 664.69 million
+7.86%
Osmosis OSMO $ 0.0342
$ 26.33M
$ 26.33 million
+7.20%
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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