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 $ 941.82
$ 128.45B
$ 128.45 billion
+0.87%
2 LEO LEO $ 9.03
$ 8.33B
$ 8.33 billion
+1.80%
3 Hyperliquid HYPE $ 25.24
$ 7.62B
$ 7.62 billion
+2.13%
4 Cronos CRO $ 0.102
$ 4.07B
$ 4.07 billion
+0.39%
5 Uniswap UNI $ 5.39
$ 3.43B
$ 3.43 billion
+1.60%
6 Bitget Token BGB $ 3.74
$ 2.62B
$ 2.62 billion
-0.75%
7 OKB OKB $ 114.92
$ 2.41B
$ 2.41 billion
+0.67%
8 KuCoin Token KCS $ 11.44
$ 1.51B
$ 1.51 billion
-0.69%
9 GateToken GT $ 10.41
$ 1.20B
$ 1.20 billion
+0.75%
10 PancakeSwap CAKE $ 2.15
$ 741.70M
$ 741.70 million
+5.29%
11 Jupiter JUP $ 0.225
$ 716.73M
$ 716.73 million
+2.09%
12 Curve DAO Token CRV $ 0.436
$ 640.57M
$ 640.57 million
+2.24%
13 Aerodrome AERO $ 0.560
$ 512.02M
$ 512.02 million
+0.69%
14 Sun SUN $ 0.0207
$ 398.42M
$ 398.42 million
+0.23%
15 Raydium RAY $ 1.15
$ 308.10M
$ 308.10 million
+0.60%
16 THORChain RUNE $ 0.676
$ 237.12M
$ 237.12 million
+0.77%
17 MX Token MX $ 2.02
$ 186.68M
$ 186.68 million
+0.24%
18 FTX Token FTT $ 0.527
$ 173.46M
$ 173.46 million
-1.28%
19 KUB Coin KUB $ 1.31
$ 116.19M
$ 116.19 million
-1.14%
20 SUSHI SUSHI $ 0.345
$ 100.75M
$ 100.75 million
+4.66%
21 Loopring LRC $ 0.0548
$ 74.92M
$ 74.92 million
+5.34%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0579
$ 55.01M
$ 55.01 million
+3.10%
23 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
-0.06%
24 Osmosis OSMO $ 0.0574
$ 43.55M
$ 43.55 million
-0.38%
25 Balancer BAL $ 0.551
$ 37.52M
$ 37.52 million
-0.38%
26 VVS Finance VVS $ 0.0₅203
$ 32.77M
$ 32.77 million
-0.18%
27 THENA THE $ 0.256
$ 32.61M
$ 32.61 million
+2.61%
28 Velodrome Finance VELO $ 0.0244
$ 25.67M
$ 25.67 million
+1.14%
29 Cetus CETUS $ 0.0281
$ 25.23M
$ 25.23 million
+2.16%
30 Maverick Protocol MAV $ 0.0275
$ 19.78M
$ 19.78 million
+4.22%
31 DODO DODO $ 0.0190
$ 14.79M
$ 14.79 million
+2.19%
32 JOE JOE $ 0.0641
$ 14.01M
$ 14.01 million
+1.32%
33 Bluefin BLUE $ 0.0342
$ 13.52M
$ 13.52 million
-2.00%
34 Quickswap[New] QUICK $ 0.0136
$ 10.10M
$ 10.10 million
+1.66%
35 IDEX IDEX $ 0.0101
$ 10.07M
$ 10.07 million
+1.43%
36 Pangolin PNG $ 0.0389
$ 8.74M
$ 8.74 million
-4.34%
37 HTX HTX $ 0.0₅175
$ 3.30M
$ 3.30 million
+1.05%
38 Time TIME $ 4.13
$ 2.93M
$ 2.93 million
+0.98%

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

39 Huobi Token HT $ 0.223
$ 111.65M
$ 111.65 million
-1.11%
40 BitMart Token BMX $ 0.407
$ 77.43M
$ 77.43 million
-6.91%
41 THORSwap THOR $ 0.0799
$ 39.96M
$ 39.96 million
-4.34%
42 THORChain Yield TCY $ 0.162
$ 34.06M
$ 34.06 million
+3.08%
43 Rujira RUJI $ 0.325
$ 24.23M
$ 24.23 million
-1.00%
44 WazirX WRX $ 0.0500
$ 20.98M
$ 20.98 million
+1.87%
45 Bitrue Coin BTR $ 0.0250
$ 19.99M
$ 19.99 million
-1.16%
46 Minswap MIN $ 0.00933
$ 16.36M
$ 16.36 million
-0.59%
47 ASD ASD $ 0.0183
$ 13.62M
$ 13.62 million
+0.88%
48 CoinEx Token CET $ 0.0341
$ 6.85M
$ 6.85 million
-0.60%
49 Camelot Token GRAIL $ 137.71
$ 3.33M
$ 3.33 million
-2.08%
50 Quidax Token QDX $ 0.0353
$ 2.72M
$ 2.72 million
+1.24%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Loopring LRC $ 0.0548
$ 74.92M
$ 74.92 million
+5.34%
PancakeSwap CAKE $ 2.15
$ 741.70M
$ 741.70 million
+5.29%
SUSHI SUSHI $ 0.345
$ 100.75M
$ 100.75 million
+4.66%
Maverick Protocol MAV $ 0.0275
$ 19.78M
$ 19.78 million
+4.22%
Liechtenstein Cryptoassets Exchange LCX $ 0.0579
$ 55.01M
$ 55.01 million
+3.10%
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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