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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
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1 BNB BNB $778.79
$103.73B
$103.73 billion
+1.08%
2 Hyperliquid HYPE $89.14
$26.60B
$26.60 billion
+0.10%
3 WhiteBIT Coin WBT $85.89
$10.44B
$10.44 billion
+1.99%
4 LEO LEO $8.98
$8.26B
$8.26 billion
+1.14%
5 Uniswap UNI $9.20
$5.76B
$5.76 billion
+3.06%
6 Cronos CRO $0.0692
$3.44B
$3.44 billion
+0.74%
7 OKB OKB $122.24
$2.57B
$2.57 billion
+0.51%
8 HTX HTX $0.0₅170
$1.53B
$1.53 billion
-1.12%
9 Bitget Token BGB $2.00
$1.40B
$1.40 billion
+0.83%
10 GateToken GT $11.16
$1.19B
$1.19 billion
-0.35%
11 Jupiter JUP $0.335
$1.11B
$1.11 billion
+1.02%
12 KuCoin Token KCS $7.38
$1.01B
$1.01 billion
-1.93%
13 PancakeSwap CAKE $2.62
$867.35M
$867.35 million
+0.73%
14 Aerodrome AERO $0.792
$792.48M
$792.48 million
-5.41%
15 Curve DAO Token CRV $0.380
$596.59M
$596.59 million
-3.61%
16 Raydium RAY $1.97
$530.29M
$530.29 million
+1.66%
17 Sun SUN $0.0170
$327.54M
$327.54 million
-1.27%
18 THORChain RUNE $0.797
$261.84M
$261.84 million
-1.14%
19 MX Token MX $1.87
$171.41M
$171.41 million
-0.41%
20 Binance-Peg Cardano Token ADA $0.254
$114.95M
$114.95 million
+0.47%
21 FTX Token FTT $0.260
$85.47M
$85.47 million
+2.06%
22 SUSHI SUSHI $0.265
$77.49M
$77.49 million
-1.75%
23 KUB Coin KUB $0.609
$54.24M
$54.24 million
+0.35%
24 Velodrome Finance VELO $0.0344
$46.04M
$46.04 million
-4.52%
25 XT.com XT $5.33
$32.19M
$32.19 million
+1.74%
26 Gemini dollar GUSD $1.00
$29.36M
$29.36 million
-0.04%
27 Osmosis OSMO $0.0370
$29.26M
$29.26 million
+0.28%
28 Cetus CETUS $0.0283
$27.31M
$27.31 million
-1.15%
29 Quickswap[New] QUICK $0.0106
$20.03M
$20.03 million
+1.64%
30 DODO DODO $0.0187
$14.46M
$14.46 million
+1.12%
31 Loopring LRC $0.0104
$14.22M
$14.22 million
+0.74%
32 Maverick Protocol MAV $0.0117
$12.24M
$12.24 million
-0.70%
33 LCX LCX $0.0496
$11.80M
$11.80 million
+3.78%
34 THENA THE $0.0759
$11.16M
$11.16 million
-0.74%
35 Balancer BAL $0.134
$9.44M
$9.44 million
+0.58%
36 JOE JOE $0.0392
$8.57M
$8.57 million
-0.15%
37 Pangolin PNG $0.0354
$8.44M
$8.44 million
-0.36%
38 Minswap MIN $0.00394
$6.76M
$6.76 million
+1.30%
39 Coinbase Wrapped LTC cbLTC $70.01
$6.04M
$6.04 million
+3.51%
40 Bluefin BLUE $0.00971
$5.91M
$5.91 million
-4.72%
41 SAROS SAROS $0.000217
$777,319
$777,319
+0.54%

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

42 BTSE Token BTSE $1.00
$162.31M
$162.31 million
+0.24%
43 Huobi Token HT $0.149
$74.45M
$74.45 million
-1.80%
44 THORChain Yield TCY $0.182
$38.14M
$38.14 million
-0.57%
45 THORSwap THOR $0.0390
$19.52M
$19.52 million
-2.93%
46 VVS Finance VVS $0.0₅113
$18.17M
$18.17 million
+1.73%
47 MaiCoin MAX $0.259
$17.86M
$17.86 million
+0.41%
48 Rujira RUJI $0.216
$16.10M
$16.10 million
-1.87%
49 MCDex MCB $2.52
$12.09M
$12.09 million
-0.43%
50 Bitrue Coin BTR $0.0139
$11.17M
$11.17 million
-2.72%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
LCX LCX $0.0496
$11.80M
$11.80 million
+3.78%
Coinbase Wrapped LTC cbLTC $70.01
$6.04M
$6.04 million
+3.51%
Uniswap UNI $9.20
$5.76B
$5.76 billion
+3.06%
FTX Token FTT $0.260
$85.47M
$85.47 million
+2.06%
WhiteBIT Coin WBT $85.89
$10.44B
$10.44 billion
+1.99%
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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