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 $ 636.29
$ 86.76B
$ 86.76 billion
+1.65%
2 Hyperliquid HYPE $ 37.51
$ 11.22B
$ 11.22 billion
-0.67%
3 LEO LEO $ 9.35
$ 8.61B
$ 8.61 billion
+1.43%
4 Cronos CRO $ 0.0760
$ 3.21B
$ 3.21 billion
+2.88%
5 Uniswap UNI $ 3.57
$ 2.26B
$ 2.26 billion
+2.38%
6 OKB OKB $ 85.14
$ 1.79B
$ 1.79 billion
+0.90%
7 Bitget Token BGB $ 2.01
$ 1.41B
$ 1.41 billion
+0.14%
8 KuCoin Token KCS $ 8.18
$ 1.08B
$ 1.08 billion
+3.98%
9 GateToken GT $ 6.73
$ 775.19M
$ 775.19 million
+1.16%
10 Jupiter JUP $ 0.154
$ 539.12M
$ 539.12 million
+0.27%
11 PancakeSwap CAKE $ 1.40
$ 461.18M
$ 461.18 million
+1.93%
12 Sun SUN $ 0.0190
$ 365.32M
$ 365.32 million
+2.04%
13 Aerodrome AERO $ 0.347
$ 320.92M
$ 320.92 million
+12.75%
14 Curve DAO Token CRV $ 0.219
$ 320.54M
$ 320.54 million
+0.37%
15 MX Token MX $ 1.79
$ 164.59M
$ 164.59 million
+0.12%
16 Raydium RAY $ 0.606
$ 162.76M
$ 162.76 million
+3.46%
17 THORChain RUNE $ 0.416
$ 146.23M
$ 146.23 million
+4.20%
18 BitMart Token BMX $ 0.303
$ 98.72M
$ 98.72 million
+0.47%
19 FTX Token FTT $ 0.296
$ 97.37M
$ 97.37 million
+2.51%
20 KUB Coin KUB $ 0.885
$ 78.79M
$ 78.79 million
+0.07%
21 SUSHI SUSHI $ 0.198
$ 57.78M
$ 57.78 million
+3.21%
22 LCX LCX $ 0.0411
$ 38.99M
$ 38.99 million
+1.02%
23 Gemini dollar GUSD $ 1.00
$ 35.71M
$ 35.71 million
+0.01%
24 Loopring LRC $ 0.0231
$ 31.66M
$ 31.66 million
+0.76%
25 Osmosis OSMO $ 0.0320
$ 24.53M
$ 24.53 million
-0.58%
26 VVS Finance VVS $ 0.0₅146
$ 23.54M
$ 23.54 million
+2.57%
27 Cetus CETUS $ 0.0232
$ 21.42M
$ 21.42 million
+6.31%
28 THENA THE $ 0.134
$ 17.39M
$ 17.39 million
-3.63%
29 Velodrome Finance VELO $ 0.0150
$ 16.72M
$ 16.72 million
+9.05%
30 DODO DODO $ 0.0150
$ 11.67M
$ 11.67 million
+2.99%
31 Balancer BAL $ 0.155
$ 10.57M
$ 10.57 million
+3.46%
32 Maverick Protocol MAV $ 0.0136
$ 9.73M
$ 9.73 million
+1.61%
33 JOE JOE $ 0.0400
$ 8.75M
$ 8.75 million
+7.16%
34 Quickswap[New] QUICK $ 0.0102
$ 7.57M
$ 7.57 million
+3.03%
35 Bluefin BLUE $ 0.0171
$ 6.80M
$ 6.80 million
+3.14%
36 Pangolin PNG $ 0.0279
$ 6.43M
$ 6.43 million
+0.19%
37 IDEX IDEX $ 0.00422
$ 4.22M
$ 4.22 million
-4.39%
38 HTX HTX $ 0.0₅170
$ 3.20M
$ 3.20 million
-0.96%
39 Time TIME $ 2.88
$ 2.05M
$ 2.05 million
+1.94%

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

40 BTSE Token BTSE $ 1.46
$ 237.07M
$ 237.07 million
-1.00%
41 Huobi Token HT $ 0.102
$ 51.00M
$ 51.00 million
-43.49%
42 THORChain Yield TCY $ 0.136
$ 28.61M
$ 28.61 million
+9.73%
43 THORSwap THOR $ 0.0559
$ 27.93M
$ 27.93 million
-1.27%
44 Rujira RUJI $ 0.231
$ 17.21M
$ 17.21 million
+4.33%
45 Bitrue Coin BTR $ 0.0170
$ 13.64M
$ 13.64 million
+3.98%
46 ASD ASD $ 0.0161
$ 11.93M
$ 11.93 million
-1.11%
47 Minswap MIN $ 0.00559
$ 9.81M
$ 9.81 million
+2.95%
48 WazirX WRX $ 0.0217
$ 9.12M
$ 9.12 million
-4.77%
49 CoinEx Token CET $ 0.0301
$ 6.05M
$ 6.05 million
+2.11%
50 Camelot Token GRAIL $ 78.33
$ 1.91M
$ 1.91 million
+0.82%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.347
$ 320.92M
$ 320.92 million
+12.75%
Velodrome Finance VELO $ 0.0150
$ 16.72M
$ 16.72 million
+9.05%
JOE JOE $ 0.0400
$ 8.75M
$ 8.75 million
+7.16%
Cetus CETUS $ 0.0232
$ 21.42M
$ 21.42 million
+6.31%
THORChain RUNE $ 0.416
$ 146.23M
$ 146.23 million
+4.20%
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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