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 $ 606.75
$ 81.79B
$ 81.79 billion
+0.03%
2 Hyperliquid HYPE $ 71.50
$ 21.35B
$ 21.35 billion
-5.70%
3 Cronos CRO $ 0.0593
$ 2.73B
$ 2.73 billion
-3.16%
4 Uniswap UNI $ 3.28
$ 2.04B
$ 2.04 billion
+8.38%
5 OKB OKB $ 74.80
$ 1.57B
$ 1.57 billion
-0.83%
6 Bitget Token BGB $ 1.81
$ 1.27B
$ 1.27 billion
-1.01%
7 KuCoin Token KCS $ 7.30
$ 983.14M
$ 983.14 million
+1.32%
8 GateToken GT $ 6.78
$ 763.63M
$ 763.63 million
-1.36%
9 Jupiter JUP $ 0.194
$ 643.55M
$ 643.55 million
-1.72%
10 Aerodrome AERO $ 0.489
$ 465.59M
$ 465.59 million
+5.58%
11 PancakeSwap CAKE $ 1.40
$ 453.68M
$ 453.68 million
+0.13%
12 Curve DAO Token CRV $ 0.242
$ 357.64M
$ 357.64 million
+0.69%
13 Sun SUN $ 0.0171
$ 328.32M
$ 328.32 million
+0.60%
14 MX Token MX $ 1.81
$ 166.05M
$ 166.05 million
+1.42%
15 Raydium RAY $ 0.614
$ 165.29M
$ 165.29 million
-2.48%
16 THORChain RUNE $ 0.416
$ 140.88M
$ 140.88 million
+2.70%
17 FTX Token FTT $ 0.268
$ 88.28M
$ 88.28 million
-0.92%
18 KUB Coin KUB $ 0.771
$ 68.62M
$ 68.62 million
-0.56%
19 SUSHI SUSHI $ 0.194
$ 55.89M
$ 55.89 million
+4.90%
20 Gemini dollar GUSD $ 1.00
$ 37.70M
$ 37.70 million
+0.06%
21 Osmosis OSMO $ 0.0455
$ 35.37M
$ 35.37 million
-1.47%
22 Velodrome Finance VELO $ 0.0185
$ 22.38M
$ 22.38 million
+7.46%
23 Loopring LRC $ 0.0135
$ 18.48M
$ 18.48 million
-3.05%
24 Cetus CETUS $ 0.0192
$ 18.15M
$ 18.15 million
-0.17%
25 Quickswap[New] QUICK $ 0.00715
$ 13.29M
$ 13.29 million
+1.20%
26 DODO DODO $ 0.0159
$ 12.40M
$ 12.40 million
-0.38%
27 THENA THE $ 0.0682
$ 8.80M
$ 8.80 million
-1.35%
28 Maverick Protocol MAV $ 0.0108
$ 8.67M
$ 8.67 million
-1.16%
29 JOE JOE $ 0.0313
$ 6.89M
$ 6.89 million
-1.48%
30 Balancer BAL $ 0.101
$ 6.86M
$ 6.86 million
-6.97%
31 Bluefin BLUE $ 0.0116
$ 5.78M
$ 5.78 million
-3.92%
32 Pangolin PNG $ 0.0229
$ 5.36M
$ 5.36 million
-0.93%
33 HTX HTX $ 0.0₅171
$ 3.22M
$ 3.22 million
+0.87%
34 SAROS SAROS $ 0.000429
$ 959,408
$ 959,408
+2.02%

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

35 LEO LEO $ 9.66
$ 8.89B
$ 8.89 billion
-0.55%
36 BTSE Token BTSE $ 1.10
$ 178.33M
$ 178.33 million
-2.67%
37 BitMart Token BMX $ 0.309
$ 100.71M
$ 100.71 million
-0.47%
38 LCX LCX $ 0.0655
$ 62.22M
$ 62.22 million
-4.69%
39 Huobi Token HT $ 0.0947
$ 47.35M
$ 47.35 million
-1.33%
40 Rujira RUJI $ 0.249
$ 18.56M
$ 18.56 million
+4.26%
41 THORChain Yield TCY $ 0.0876
$ 18.40M
$ 18.40 million
-1.00%
42 VVS Finance VVS $ 0.0₅104
$ 16.76M
$ 16.76 million
-3.67%
43 THORSwap THOR $ 0.0306
$ 15.32M
$ 15.32 million
-15.77%
44 Bitrue Coin BTR $ 0.0131
$ 10.48M
$ 10.48 million
+1.28%
45 WazirX WRX $ 0.0201
$ 8.43M
$ 8.43 million
-3.64%
46 Minswap MIN $ 0.00310
$ 5.36M
$ 5.36 million
-8.66%
47 Time TIME $ 5.60
$ 3.98M
$ 3.98 million
+4.63%
48 CoinEx Token CET $ 0.0186
$ 3.74M
$ 3.74 million
-0.80%
49 ASD ASD $ 0.00496
$ 3.69M
$ 3.69 million
-4.25%
50 IDEX IDEX $ 0.00150
$ 1.50M
$ 1.50 million
+1.18%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Uniswap UNI $ 3.28
$ 2.04B
$ 2.04 billion
+8.38%
Velodrome Finance VELO $ 0.0185
$ 22.38M
$ 22.38 million
+7.46%
Aerodrome AERO $ 0.489
$ 465.59M
$ 465.59 million
+5.58%
SUSHI SUSHI $ 0.194
$ 55.89M
$ 55.89 million
+4.90%
THORChain RUNE $ 0.416
$ 140.88M
$ 140.88 million
+2.70%
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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