Exchange Tokens

140 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 $ 657.45
$ 89.65B
$ 89.65 billion
+1.01%
2 Hyperliquid HYPE $ 36.67
$ 10.98B
$ 10.98 billion
-1.47%
3 LEO LEO $ 9.05
$ 8.33B
$ 8.33 billion
-0.07%
4 Cronos CRO $ 0.0768
$ 3.16B
$ 3.16 billion
+1.60%
5 Uniswap UNI $ 4.03
$ 2.56B
$ 2.56 billion
+3.11%
6 OKB OKB $ 93.53
$ 1.96B
$ 1.96 billion
-1.48%
7 Bitget Token BGB $ 2.16
$ 1.51B
$ 1.51 billion
+0.38%
8 KuCoin Token KCS $ 8.01
$ 1.06B
$ 1.06 billion
+0.46%
9 GateToken GT $ 7.03
$ 809.01M
$ 809.01 million
+0.29%
10 Jupiter JUP $ 0.166
$ 579.54M
$ 579.54 million
+1.43%
11 PancakeSwap CAKE $ 1.41
$ 466.45M
$ 466.45 million
+1.23%
12 Curve DAO Token CRV $ 0.239
$ 350.78M
$ 350.78 million
+1.72%
13 Aerodrome AERO $ 0.334
$ 308.35M
$ 308.35 million
-1.35%
14 Sun SUN $ 0.0160
$ 308.05M
$ 308.05 million
+0.21%
15 Raydium RAY $ 0.615
$ 165.21M
$ 165.21 million
+1.75%
16 MX Token MX $ 1.79
$ 164.50M
$ 164.50 million
-0.12%
17 THORChain RUNE $ 0.449
$ 157.71M
$ 157.71 million
+3.55%
18 FTX Token FTT $ 0.283
$ 93.06M
$ 93.06 million
+2.01%
19 SUSHI SUSHI $ 0.211
$ 61.73M
$ 61.73 million
+2.15%
20 Gemini dollar GUSD $ 1.000
$ 47.08M
$ 47.08 million
+0.09%
21 LCX LCX $ 0.0447
$ 42.72M
$ 42.72 million
+1.76%
22 Loopring LRC $ 0.0309
$ 42.32M
$ 42.32 million
-0.74%
23 THENA THE $ 0.283
$ 35.40M
$ 35.40 million
+3.22%
24 Osmosis OSMO $ 0.0339
$ 25.96M
$ 25.96 million
-0.80%
25 VVS Finance VVS $ 0.0₅148
$ 23.89M
$ 23.89 million
+0.17%
26 Velodrome Finance VELO $ 0.0163
$ 18.07M
$ 18.07 million
-0.83%
27 Cetus CETUS $ 0.0177
$ 16.33M
$ 16.33 million
+0.59%
28 DODO DODO $ 0.0150
$ 11.65M
$ 11.65 million
-2.76%
29 Minswap MIN $ 0.00609
$ 10.70M
$ 10.70 million
+2.15%
30 Balancer BAL $ 0.156
$ 10.66M
$ 10.66 million
+2.38%
31 Maverick Protocol MAV $ 0.0148
$ 10.61M
$ 10.61 million
+0.52%
32 JOE JOE $ 0.0410
$ 8.97M
$ 8.97 million
-1.13%
33 Quickswap[New] QUICK $ 0.0111
$ 8.24M
$ 8.24 million
-0.26%
34 IDEX IDEX $ 0.00762
$ 7.62M
$ 7.62 million
+0.21%
35 Bluefin BLUE $ 0.0186
$ 7.34M
$ 7.34 million
+1.27%
36 Pangolin PNG $ 0.0288
$ 6.64M
$ 6.64 million
+0.71%
37 HTX HTX $ 0.0₅160
$ 3.02M
$ 3.02 million
+0.05%
38 Time TIME $ 3.00
$ 2.13M
$ 2.13 million
+2.17%

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

39 BTSE Token BTSE $ 1.69
$ 273.42M
$ 273.42 million
+2.52%
40 BitMart Token BMX $ 0.307
$ 100.22M
$ 100.22 million
+2.23%
41 Huobi Token HT $ 0.181
$ 90.65M
$ 90.65 million
-1.19%
42 KUB Coin KUB $ 0.938
$ 83.49M
$ 83.49 million
-0.43%
43 THORSwap THOR $ 0.0669
$ 33.47M
$ 33.47 million
+0.98%
44 THORChain Yield TCY $ 0.138
$ 28.92M
$ 28.92 million
+2.08%
45 Rujira RUJI $ 0.259
$ 19.28M
$ 19.28 million
+1.85%
46 Bitrue Coin BTR $ 0.0164
$ 13.14M
$ 13.14 million
-0.14%
47 ASD ASD $ 0.0162
$ 12.01M
$ 12.01 million
-2.77%
48 WazirX WRX $ 0.0250
$ 10.48M
$ 10.48 million
-2.38%
49 CoinEx Token CET $ 0.0303
$ 6.09M
$ 6.09 million
+0.30%
50 LATOKEN LA $ 0.00631
$ 2.52M
$ 2.52 million
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
THORChain RUNE $ 0.449
$ 157.71M
$ 157.71 million
+3.55%
THENA THE $ 0.283
$ 35.40M
$ 35.40 million
+3.22%
Uniswap UNI $ 4.03
$ 2.56B
$ 2.56 billion
+3.11%
Balancer BAL $ 0.156
$ 10.66M
$ 10.66 million
+2.38%
Time TIME $ 3.00
$ 2.13M
$ 2.13 million
+2.17%
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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