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Exchange Tokens

146 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
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1 BNB BNB $755.71
$100.64B
$100.64 billion
+0.73%
2 Hyperliquid HYPE $86.82
$26.24B
$26.24 billion
+1.68%
3 WhiteBIT Coin WBT $82.57
$10.03B
$10.03 billion
+1.21%
4 LEO LEO $8.90
$8.19B
$8.19 billion
+0.39%
5 Uniswap UNI $7.85
$4.91B
$4.91 billion
+3.74%
6 Cronos CRO $0.0610
$3.03B
$3.03 billion
-0.27%
7 OKB OKB $125.73
$2.64B
$2.64 billion
+0.03%
8 HTX HTX $0.0₅169
$1.51B
$1.51 billion
-0.03%
9 Bitget Token BGB $1.96
$1.37B
$1.37 billion
+0.94%
10 Jupiter JUP $0.373
$1.24B
$1.24 billion
+2.73%
11 GateToken GT $11.10
$1.16B
$1.16 billion
+3.05%
12 KuCoin Token KCS $7.65
$1.07B
$1.07 billion
-0.13%
13 Aerodrome AERO $0.952
$956.94M
$956.94 million
+6.28%
14 PancakeSwap CAKE $2.30
$822.46M
$822.46 million
+4.21%
15 Raydium RAY $2.40
$648.50M
$648.50 million
+3.42%
16 Curve DAO Token CRV $0.373
$586.83M
$586.83 million
+3.49%
17 Sun SUN $0.0169
$324.01M
$324.01 million
-0.20%
18 THORChain RUNE $0.705
$231.86M
$231.86 million
+1.08%
19 MX Token MX $1.91
$175.10M
$175.10 million
+0.49%
20 Binance-Peg Cardano Token ADA $0.254
$115.00M
$115.00 million
+0.34%
21 FTX Token FTT $0.259
$85.08M
$85.08 million
+2.94%
22 SUSHI SUSHI $0.243
$71.22M
$71.22 million
+2.00%
23 Velodrome Finance VELO $0.0418
$56.36M
$56.36 million
+6.57%
24 KUB Coin KUB $0.593
$52.80M
$52.80 million
+0.88%
25 XT.com XT $5.15
$31.11M
$31.11 million
+1.28%
26 Osmosis OSMO $0.0368
$29.13M
$29.13 million
+7.50%
27 Gemini dollar GUSD $1.00
$28.68M
$28.68 million
+0.03%
28 Cetus CETUS $0.0270
$26.03M
$26.03 million
-0.44%
29 Quickswap[New] QUICK $0.0102
$19.23M
$19.23 million
-5.07%
30 DODO DODO $0.0188
$15.55M
$15.55 million
-0.22%
31 Loopring LRC $0.0102
$13.98M
$13.98 million
+0.83%
32 LCX LCX $0.0592
$13.69M
$13.69 million
+0.96%
33 Maverick Protocol MAV $0.0120
$12.52M
$12.52 million
+0.01%
34 THENA THE $0.0690
$10.17M
$10.17 million
-0.93%
35 Balancer BAL $0.130
$9.17M
$9.17 million
-0.90%
36 JOE JOE $0.0392
$8.58M
$8.58 million
+1.92%
37 Pangolin PNG $0.0342
$8.17M
$8.17 million
+5.30%
38 Minswap MIN $0.00409
$7.02M
$7.02 million
+4.01%
39 Bluefin BLUE $0.0114
$6.93M
$6.93 million
+26.71%
40 Coinbase Wrapped LTC cbLTC $64.65
$5.58M
$5.58 million
+0.61%
41 SAROS SAROS $0.000345
$1.24M
$1.24 million
+3.96%
42 IDEX IDEX $0.000442
$442,165
$442,165
-14.59%

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

43 Huobi Token HT $0.139
$69.53M
$69.53 million
-2.24%
44 THORChain Yield TCY $0.172
$36.02M
$36.02 million
+1.20%
45 THORSwap THOR $0.0374
$18.70M
$18.70 million
+0.63%
46 MaiCoin MAX $0.255
$17.54M
$17.54 million
-0.34%
47 VVS Finance VVS $0.0₆993
$15.99M
$15.99 million
-0.51%
48 Rujira RUJI $0.206
$15.31M
$15.31 million
+4.25%
49 MCDex MCB $2.35
$11.28M
$11.28 million
+0.01%
50 Bitrue Coin BTR $0.0139
$11.17M
$11.17 million
-2.28%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Bluefin BLUE $0.0114
$6.93M
$6.93 million
+26.71%
Osmosis OSMO $0.0368
$29.13M
$29.13 million
+7.50%
Velodrome Finance VELO $0.0418
$56.36M
$56.36 million
+6.57%
Aerodrome AERO $0.952
$956.94M
$956.94 million
+6.28%
Pangolin PNG $0.0342
$8.17M
$8.17 million
+5.30%
All Gainers

Market Cap

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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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