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 $697.25
$92.86B
$92.86 billion
+3.04%
2 Hyperliquid HYPE $76.90
$23.00B
$23.00 billion
+3.68%
3 Cronos CRO $0.0615
$2.98B
$2.98 billion
+10.66%
4 Uniswap UNI $4.15
$2.59B
$2.59 billion
+4.69%
5 OKB OKB $111.98
$2.35B
$2.35 billion
+3.85%
6 HTX HTX $0.0₅177
$1.59B
$1.59 billion
+1.61%
7 Bitget Token BGB $1.89
$1.32B
$1.32 billion
+0.47%
8 KuCoin Token KCS $7.51
$1.03B
$1.03 billion
-2.77%
9 GateToken GT $7.80
$857.35M
$857.35 million
+4.18%
10 Jupiter JUP $0.206
$682.63M
$682.63 million
+3.30%
11 PancakeSwap CAKE $1.72
$553.50M
$553.50 million
+1.12%
12 Curve DAO Token CRV $0.326
$506.10M
$506.10 million
+3.73%
13 Aerodrome AERO $0.469
$460.03M
$460.03 million
-4.20%
14 Sun SUN $0.0177
$340.85M
$340.85 million
+1.58%
15 Raydium RAY $0.743
$200.19M
$200.19 million
+3.00%
16 THORChain RUNE $0.475
$160.72M
$160.72 million
+0.69%
17 MX Token MX $1.65
$151.67M
$151.67 million
+0.23%
18 FTX Token FTT $0.236
$77.55M
$77.55 million
+7.34%
19 SUSHI SUSHI $0.210
$61.32M
$61.32 million
+10.77%
20 KUB Coin KUB $0.649
$57.75M
$57.75 million
+6.90%
21 Gemini dollar GUSD $1.00
$36.46M
$36.46 million
-0.22%
22 Osmosis OSMO $0.0370
$29.03M
$29.03 million
-1.61%
23 Cetus CETUS $0.0270
$25.97M
$25.97 million
+7.09%
24 Velodrome Finance VELO $0.0199
$25.70M
$25.70 million
-2.13%
25 Quickswap[New] QUICK $0.00953
$17.95M
$17.95 million
+10.43%
26 DODO DODO $0.0216
$16.74M
$16.74 million
+5.20%
27 Rujira RUJI $0.208
$15.46M
$15.46 million
-13.95%
28 Loopring LRC $0.00894
$12.24M
$12.24 million
+5.54%
29 Maverick Protocol MAV $0.0107
$11.21M
$11.21 million
+1.65%
30 THENA THE $0.0728
$10.46M
$10.46 million
+5.57%
31 Balancer BAL $0.119
$8.26M
$8.26 million
+3.34%
32 LCX LCX $0.0310
$7.90M
$7.90 million
+101.62%
33 JOE JOE $0.0313
$6.85M
$6.85 million
+1.79%
34 Minswap MIN $0.00368
$6.33M
$6.33 million
+3.91%
35 Pangolin PNG $0.0231
$5.45M
$5.45 million
+7.88%
36 Bluefin BLUE $0.00822
$4.53M
$4.53 million
+1.51%
37 SAROS SAROS $0.000312
$1.04M
$1.04 million
+1.50%

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

38 LEO LEO $9.40
$8.65B
$8.65 billion
+1.54%
39 BTSE Token BTSE $0.867
$140.46M
$140.46 million
-5.56%
40 Huobi Token HT $0.127
$63.51M
$63.51 million
+0.38%
41 THORChain Yield TCY $0.148
$31.03M
$31.03 million
+2.87%
42 THORSwap THOR $0.0455
$22.77M
$22.77 million
-1.48%
43 BitMart Token BMX $0.0638
$20.82M
$20.82 million
+0.79%
44 VVS Finance VVS $0.0₅105
$16.93M
$16.93 million
+10.25%
45 MCDex MCB $2.01
$9.65M
$9.65 million
+0.17%
46 Bitrue Coin BTR $0.0112
$8.99M
$8.99 million
+6.01%
47 WazirX WRX $0.0170
$7.13M
$7.13 million
+4.10%
48 Time TIME $8.19
$5.81M
$5.81 million
+7.22%
49 CoinEx Token CET $0.0122
$2.45M
$2.45 million
+2.78%
50 THORChain (ERC20) RUNE $0.474
$1.64M
$1.64 million
+1.32%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
LCX LCX $0.0310
$7.90M
$7.90 million
+101.62%
SUSHI SUSHI $0.210
$61.32M
$61.32 million
+10.77%
Cronos CRO $0.0615
$2.98B
$2.98 billion
+10.66%
Quickswap[New] QUICK $0.00953
$17.95M
$17.95 million
+10.43%
Pangolin PNG $0.0231
$5.45M
$5.45 million
+7.88%
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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