Exchange Tokens

147 coins #18

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Live Price Market cap 24h
1 BNB BNB $ 592.39
$ 78.86B
$ 78.86 billion
+0.41%
2 Hyperliquid HYPE $ 54.63
$ 16.32B
$ 16.32 billion
+4.02%
3 Cronos CRO $ 0.0548
$ 2.59B
$ 2.59 billion
-0.03%
4 Uniswap UNI $ 3.92
$ 2.45B
$ 2.45 billion
-5.91%
5 OKB OKB $ 86.09
$ 1.81B
$ 1.81 billion
+0.50%
6 Bitget Token BGB $ 1.61
$ 1.12B
$ 1.12 billion
-1.77%
7 KuCoin Token KCS $ 6.60
$ 905.10M
$ 905.10 million
+0.03%
8 GateToken GT $ 6.50
$ 715.46M
$ 715.46 million
+0.52%
9 Jupiter JUP $ 0.194
$ 644.82M
$ 644.82 million
-1.23%
10 PancakeSwap CAKE $ 1.44
$ 463.19M
$ 463.19 million
-0.15%
11 Aerodrome AERO $ 0.405
$ 396.22M
$ 396.22 million
+3.10%
12 Sun SUN $ 0.0180
$ 345.41M
$ 345.41 million
+0.12%
13 Curve DAO Token CRV $ 0.205
$ 316.34M
$ 316.34 million
+0.21%
14 Raydium RAY $ 0.608
$ 163.92M
$ 163.92 million
-0.07%
15 THORChain RUNE $ 0.445
$ 150.42M
$ 150.42 million
+0.11%
16 MX Token MX $ 1.59
$ 145.60M
$ 145.60 million
-1.75%
17 FTX Token FTT $ 0.197
$ 64.78M
$ 64.78 million
-0.39%
18 KUB Coin KUB $ 0.617
$ 54.90M
$ 54.90 million
-1.11%
19 SUSHI SUSHI $ 0.156
$ 45.72M
$ 45.72 million
+0.59%
20 Gemini dollar GUSD $ 1.00
$ 29.73M
$ 29.73 million
+0.03%
21 Osmosis OSMO $ 0.0281
$ 21.98M
$ 21.98 million
+3.08%
22 Velodrome Finance VELO $ 0.0165
$ 20.87M
$ 20.87 million
+0.50%
23 Cetus CETUS $ 0.0178
$ 17.04M
$ 17.04 million
+0.24%
24 Quickswap[New] QUICK $ 0.00795
$ 15.02M
$ 15.02 million
-1.58%
25 DODO DODO $ 0.0186
$ 14.44M
$ 14.44 million
-1.32%
26 Loopring LRC $ 0.0105
$ 14.34M
$ 14.34 million
-0.32%
27 Maverick Protocol MAV $ 0.00803
$ 8.41M
$ 8.41 million
+0.75%
28 Balancer BAL $ 0.109
$ 7.54M
$ 7.54 million
-3.47%
29 THENA THE $ 0.0514
$ 7.35M
$ 7.35 million
+0.26%
30 Minswap MIN $ 0.00321
$ 5.53M
$ 5.53 million
-1.28%
31 JOE JOE $ 0.0244
$ 5.33M
$ 5.33 million
+0.29%
32 Pangolin PNG $ 0.0206
$ 4.85M
$ 4.85 million
-2.11%
33 Bluefin BLUE $ 0.00826
$ 4.56M
$ 4.56 million
-6.71%
34 HTX HTX $ 0.0₅180
$ 3.76M
$ 3.76 million
+0.24%
35 SAROS SAROS $ 0.000285
$ 891,415
$ 891,415
-4.61%

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

36 LEO LEO $ 9.76
$ 8.98B
$ 8.98 billion
-0.20%
37 BTSE Token BTSE $ 0.865
$ 140.12M
$ 140.12 million
-6.77%
38 Huobi Token HT $ 0.0883
$ 44.16M
$ 44.16 million
-2.16%
39 THORChain Yield TCY $ 0.142
$ 29.91M
$ 29.91 million
-0.29%
40 LCX LCX $ 0.0907
$ 23.74M
$ 23.74 million
-0.72%
41 THORSwap THOR $ 0.0439
$ 21.93M
$ 21.93 million
-0.90%
42 BitMart Token BMX $ 0.0506
$ 16.50M
$ 16.50 million
+0.14%
43 VVS Finance VVS $ 0.0₆945
$ 15.22M
$ 15.22 million
+0.16%
44 Rujira RUJI $ 0.191
$ 14.26M
$ 14.26 million
-0.69%
45 MCDex MCB $ 2.12
$ 10.20M
$ 10.20 million
+0.00%
46 Bitrue Coin BTR $ 0.00958
$ 7.66M
$ 7.66 million
-0.27%
47 WazirX WRX $ 0.0153
$ 6.40M
$ 6.40 million
-4.63%
48 Time TIME $ 6.22
$ 4.42M
$ 4.42 million
-2.37%
49 CoinEx Token CET $ 0.0110
$ 2.21M
$ 2.21 million
-0.01%
50 THORChain (ERC20) RUNE $ 0.443
$ 1.53M
$ 1.53 million
+0.09%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Hyperliquid HYPE $ 54.63
$ 16.32B
$ 16.32 billion
+4.02%
Aerodrome AERO $ 0.405
$ 396.22M
$ 396.22 million
+3.10%
Osmosis OSMO $ 0.0281
$ 21.98M
$ 21.98 million
+3.08%
Maverick Protocol MAV $ 0.00803
$ 8.41M
$ 8.41 million
+0.75%
SUSHI SUSHI $ 0.156
$ 45.72M
$ 45.72 million
+0.59%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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