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 $ 600.25
$ 81.84B
$ 81.84 billion
+1.48%
2 Hyperliquid HYPE $ 42.49
$ 12.71B
$ 12.71 billion
+4.62%
3 Cronos CRO $ 0.0684
$ 2.89B
$ 2.89 billion
+0.08%
4 Uniswap UNI $ 3.07
$ 1.96B
$ 1.96 billion
+1.41%
5 OKB OKB $ 83.10
$ 1.74B
$ 1.74 billion
-0.09%
6 Bitget Token BGB $ 1.89
$ 1.33B
$ 1.33 billion
-0.87%
7 KuCoin Token KCS $ 8.39
$ 1.13B
$ 1.13 billion
+1.26%
8 GateToken GT $ 6.70
$ 771.78M
$ 771.78 million
+2.10%
9 Jupiter JUP $ 0.165
$ 585.09M
$ 585.09 million
+3.13%
10 PancakeSwap CAKE $ 1.50
$ 493.08M
$ 493.08 million
+2.80%
11 Sun SUN $ 0.0180
$ 346.96M
$ 346.96 million
-1.83%
12 Aerodrome AERO $ 0.364
$ 334.79M
$ 334.79 million
+0.81%
13 Curve DAO Token CRV $ 0.212
$ 310.76M
$ 310.76 million
+0.18%
14 Raydium RAY $ 0.636
$ 170.83M
$ 170.83 million
+1.00%
15 MX Token MX $ 1.77
$ 162.54M
$ 162.54 million
+0.05%
16 THORChain RUNE $ 0.392
$ 137.61M
$ 137.61 million
+1.44%
17 BitMart Token BMX $ 0.322
$ 104.92M
$ 104.92 million
-1.83%
18 FTX Token FTT $ 0.286
$ 94.06M
$ 94.06 million
-0.55%
19 KUB Coin KUB $ 0.839
$ 74.74M
$ 74.74 million
-0.39%
20 SUSHI SUSHI $ 0.191
$ 55.09M
$ 55.09 million
+0.02%
21 Gemini dollar GUSD $ 1.00
$ 35.71M
$ 35.71 million
+0.10%
22 Osmosis OSMO $ 0.0302
$ 23.26M
$ 23.26 million
-0.19%
23 Loopring LRC $ 0.0161
$ 22.04M
$ 22.04 million
-2.41%
24 VVS Finance VVS $ 0.0₅127
$ 20.44M
$ 20.44 million
-0.74%
25 Quickswap[New] QUICK $ 0.0100
$ 18.61M
$ 18.61 million
+0.97%
26 Cetus CETUS $ 0.0192
$ 17.93M
$ 17.93 million
-0.82%
27 Velodrome Finance VELO $ 0.0152
$ 17.27M
$ 17.27 million
-0.67%
28 THENA THE $ 0.0964
$ 12.37M
$ 12.37 million
-1.12%
29 DODO DODO $ 0.0150
$ 11.66M
$ 11.66 million
-0.07%
30 Maverick Protocol MAV $ 0.0141
$ 11.28M
$ 11.28 million
-2.90%
31 Balancer BAL $ 0.149
$ 10.17M
$ 10.17 million
-2.67%
32 JOE JOE $ 0.0441
$ 9.65M
$ 9.65 million
-4.33%
33 Bluefin BLUE $ 0.0162
$ 7.25M
$ 7.25 million
-1.01%
34 Pangolin PNG $ 0.0278
$ 6.39M
$ 6.39 million
-0.81%
35 HTX HTX $ 0.0₅178
$ 3.35M
$ 3.35 million
-0.11%
36 IDEX IDEX $ 0.00224
$ 2.24M
$ 2.24 million
-10.82%

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

37 LEO LEO $ 10.14
$ 9.33B
$ 9.33 billion
+0.02%
38 Huobi Token HT $ 0.174
$ 86.20M
$ 86.20 million
+0.17%
39 LCX LCX $ 0.0803
$ 76.20M
$ 76.20 million
-0.52%
40 THORSwap THOR $ 0.0516
$ 25.78M
$ 25.78 million
+1.01%
41 THORChain Yield TCY $ 0.110
$ 23.02M
$ 23.02 million
+0.04%
42 Rujira RUJI $ 0.168
$ 12.48M
$ 12.48 million
-0.67%
43 Bitrue Coin BTR $ 0.0155
$ 12.39M
$ 12.39 million
-0.67%
44 ASD ASD $ 0.0154
$ 11.45M
$ 11.45 million
-1.22%
45 WazirX WRX $ 0.0256
$ 10.73M
$ 10.73 million
+0.04%
46 Minswap MIN $ 0.00496
$ 8.71M
$ 8.71 million
+0.72%
47 CoinEx Token CET $ 0.0297
$ 5.97M
$ 5.97 million
+0.87%
48 Camelot Token GRAIL $ 64.59
$ 1.61M
$ 1.61 million
-3.66%
49 LATOKEN LA $ 0.00386
$ 1.54M
$ 1.54 million
+0.00%
50 Time TIME $ 2.12
$ 1.51M
$ 1.51 million
-3.54%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 42.49
$ 12.71B
$ 12.71 billion
+4.62%
Jupiter JUP $ 0.165
$ 585.09M
$ 585.09 million
+3.13%
PancakeSwap CAKE $ 1.50
$ 493.08M
$ 493.08 million
+2.80%
GateToken GT $ 6.70
$ 771.78M
$ 771.78 million
+2.10%
BNB BNB $ 600.25
$ 81.84B
$ 81.84 billion
+1.48%
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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