Exchange Tokens

139 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 $ 623.46
$ 85.02B
$ 85.02 billion
+1.46%
2 Hyperliquid HYPE $ 29.76
$ 8.93B
$ 8.93 billion
-2.13%
3 LEO LEO $ 8.66
$ 7.97B
$ 7.97 billion
+2.59%
4 Cronos CRO $ 0.0795
$ 3.26B
$ 3.26 billion
+0.12%
5 Uniswap UNI $ 3.56
$ 2.26B
$ 2.26 billion
+1.70%
6 OKB OKB $ 80.20
$ 1.68B
$ 1.68 billion
+1.06%
7 Bitget Token BGB $ 2.37
$ 1.66B
$ 1.66 billion
-0.26%
8 KuCoin Token KCS $ 8.39
$ 1.11B
$ 1.11 billion
+0.20%
9 GateToken GT $ 7.29
$ 838.98M
$ 838.98 million
+1.31%
10 Jupiter JUP $ 0.167
$ 540.59M
$ 540.59 million
+4.25%
11 PancakeSwap CAKE $ 1.32
$ 435.88M
$ 435.88 million
+0.94%
12 Curve DAO Token CRV $ 0.253
$ 371.75M
$ 371.75 million
+0.06%
13 Sun SUN $ 0.0176
$ 337.17M
$ 337.17 million
+2.65%
14 Aerodrome AERO $ 0.320
$ 293.95M
$ 293.95 million
+1.43%
15 Raydium RAY $ 0.676
$ 181.69M
$ 181.69 million
+9.12%
16 MX Token MX $ 1.80
$ 165.20M
$ 165.20 million
-0.18%
17 THORChain RUNE $ 0.406
$ 142.50M
$ 142.50 million
+1.42%
18 FTX Token FTT $ 0.368
$ 121.07M
$ 121.07 million
+2.03%
19 KUB Coin KUB $ 1.02
$ 91.21M
$ 91.21 million
-1.22%
20 SUSHI SUSHI $ 0.212
$ 61.88M
$ 61.88 million
+1.07%
21 Loopring LRC $ 0.0346
$ 47.30M
$ 47.30 million
+0.49%
22 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
-0.00%
23 THENA THE $ 0.276
$ 34.44M
$ 34.44 million
+4.04%
24 Osmosis OSMO $ 0.0374
$ 28.57M
$ 28.57 million
-0.33%
25 VVS Finance VVS $ 0.0₅155
$ 24.92M
$ 24.92 million
-0.11%
26 Cetus CETUS $ 0.0176
$ 15.98M
$ 15.98 million
+5.00%
27 Velodrome Finance VELO $ 0.0145
$ 15.59M
$ 15.59 million
+0.22%
28 DODO DODO $ 0.0158
$ 12.32M
$ 12.32 million
+0.20%
29 Maverick Protocol MAV $ 0.0163
$ 11.71M
$ 11.71 million
+0.88%
30 Balancer BAL $ 0.155
$ 10.53M
$ 10.53 million
-3.13%
31 Bluefin BLUE $ 0.0238
$ 9.39M
$ 9.39 million
+17.03%
32 JOE JOE $ 0.0380
$ 8.31M
$ 8.31 million
-0.62%
33 IDEX IDEX $ 0.00718
$ 7.18M
$ 7.18 million
+1.02%
34 Quickswap[New] QUICK $ 0.00968
$ 7.18M
$ 7.18 million
+1.22%
35 Pangolin PNG $ 0.0261
$ 6.02M
$ 6.02 million
+0.03%
36 HTX HTX $ 0.0₅170
$ 3.21M
$ 3.21 million
+0.21%

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

37 BitMart Token BMX $ 0.385
$ 125.47M
$ 125.47 million
+2.27%
38 Huobi Token HT $ 0.234
$ 116.75M
$ 116.75 million
+1.39%
39 Tokenize Xchange TKX $ 1.34
$ 107.17M
$ 107.17 million
+0.88%
40 LCX LCX $ 0.0707
$ 67.10M
$ 67.10 million
-2.96%
41 THORSwap THOR $ 0.0530
$ 26.49M
$ 26.49 million
-4.88%
42 Rujira RUJI $ 0.236
$ 17.56M
$ 17.56 million
+1.02%
43 THORChain Yield TCY $ 0.0779
$ 16.35M
$ 16.35 million
+2.65%
44 WazirX WRX $ 0.0387
$ 16.23M
$ 16.23 million
-2.07%
45 Bitrue Coin BTR $ 0.0185
$ 14.80M
$ 14.80 million
-0.29%
46 ASD ASD $ 0.0172
$ 12.75M
$ 12.75 million
-10.62%
47 Minswap MIN $ 0.00597
$ 10.51M
$ 10.51 million
-0.12%
48 CoinEx Token CET $ 0.0284
$ 5.70M
$ 5.70 million
+1.58%
49 Time TIME $ 3.11
$ 2.21M
$ 2.21 million
-0.40%
50 LATOKEN LA $ 0.00498
$ 1.99M
$ 1.99 million
-0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Bluefin BLUE $ 0.0238
$ 9.39M
$ 9.39 million
+17.03%
Raydium RAY $ 0.676
$ 181.69M
$ 181.69 million
+9.12%
Cetus CETUS $ 0.0176
$ 15.98M
$ 15.98 million
+5.00%
Jupiter JUP $ 0.167
$ 540.59M
$ 540.59 million
+4.25%
THENA THE $ 0.276
$ 34.44M
$ 34.44 million
+4.04%
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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