Exchange Tokens

144 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 $ 629.08
$ 84.81B
$ 84.81 billion
-0.18%
2 Hyperliquid HYPE $ 39.43
$ 11.79B
$ 11.79 billion
-4.76%
3 LEO LEO $ 10.38
$ 9.56B
$ 9.56 billion
+0.95%
4 Cronos CRO $ 0.0697
$ 3.04B
$ 3.04 billion
-0.73%
5 Uniswap UNI $ 3.22
$ 2.05B
$ 2.05 billion
-1.50%
6 OKB OKB $ 83.27
$ 1.75B
$ 1.75 billion
-0.49%
7 Bitget Token BGB $ 1.89
$ 1.32B
$ 1.32 billion
-0.03%
8 KuCoin Token KCS $ 8.47
$ 1.14B
$ 1.14 billion
-1.52%
9 GateToken GT $ 7.23
$ 833.09M
$ 833.09 million
+0.11%
10 Jupiter JUP $ 0.168
$ 598.37M
$ 598.37 million
-2.12%
11 PancakeSwap CAKE $ 1.53
$ 500.43M
$ 500.43 million
-0.77%
12 Sun SUN $ 0.0187
$ 359.51M
$ 359.51 million
+2.87%
13 Aerodrome AERO $ 0.378
$ 348.78M
$ 348.78 million
-2.88%
14 Curve DAO Token CRV $ 0.228
$ 334.79M
$ 334.79 million
-2.02%
15 Raydium RAY $ 0.661
$ 177.63M
$ 177.63 million
+0.35%
16 MX Token MX $ 1.77
$ 162.67M
$ 162.67 million
-0.19%
17 THORChain RUNE $ 0.457
$ 160.36M
$ 160.36 million
+7.49%
18 FTX Token FTT $ 0.294
$ 96.58M
$ 96.58 million
-1.07%
19 KUB Coin KUB $ 0.881
$ 78.45M
$ 78.45 million
+1.51%
20 SUSHI SUSHI $ 0.215
$ 62.15M
$ 62.15 million
-2.74%
21 Gemini dollar GUSD $ 1.000
$ 35.67M
$ 35.67 million
-0.00%
22 Osmosis OSMO $ 0.0318
$ 24.49M
$ 24.49 million
-2.11%
23 Loopring LRC $ 0.0170
$ 23.26M
$ 23.26 million
-1.43%
24 Cetus CETUS $ 0.0241
$ 22.55M
$ 22.55 million
-0.60%
25 Quickswap[New] QUICK $ 0.0115
$ 21.22M
$ 21.22 million
-0.53%
26 VVS Finance VVS $ 0.0₅129
$ 20.64M
$ 20.64 million
-0.90%
27 Velodrome Finance VELO $ 0.0154
$ 17.67M
$ 17.67 million
-2.43%
28 THENA THE $ 0.105
$ 13.49M
$ 13.49 million
+1.99%
29 DODO DODO $ 0.0169
$ 13.17M
$ 13.17 million
-2.63%
30 Maverick Protocol MAV $ 0.0152
$ 12.24M
$ 12.24 million
-2.97%
31 JOE JOE $ 0.0483
$ 10.58M
$ 10.58 million
+2.15%
32 Balancer BAL $ 0.151
$ 10.28M
$ 10.28 million
-1.61%
33 Bluefin BLUE $ 0.0168
$ 7.96M
$ 7.96 million
-1.10%
34 Pangolin PNG $ 0.0286
$ 6.59M
$ 6.59 million
-3.32%
35 HTX HTX $ 0.0₅183
$ 3.45M
$ 3.45 million
+1.17%
36 IDEX IDEX $ 0.00238
$ 2.38M
$ 2.38 million
+0.63%
37 Time TIME $ 3.17
$ 2.25M
$ 2.25 million
+26.28%

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

38 BitMart Token BMX $ 0.322
$ 105.09M
$ 105.09 million
-0.17%
39 LCX LCX $ 0.100
$ 95.08M
$ 95.08 million
+0.72%
40 Huobi Token HT $ 0.174
$ 86.90M
$ 86.90 million
+2.33%
41 THORSwap THOR $ 0.0603
$ 30.16M
$ 30.16 million
+9.85%
42 THORChain Yield TCY $ 0.125
$ 26.19M
$ 26.19 million
+11.56%
43 WazirX WRX $ 0.0331
$ 13.85M
$ 13.85 million
-0.09%
44 Rujira RUJI $ 0.182
$ 13.56M
$ 13.56 million
+5.26%
45 Bitrue Coin BTR $ 0.0143
$ 11.46M
$ 11.46 million
-0.47%
46 ASD ASD $ 0.0142
$ 10.52M
$ 10.52 million
-1.60%
47 Minswap MIN $ 0.00517
$ 9.07M
$ 9.07 million
-1.13%
48 CoinEx Token CET $ 0.0296
$ 5.95M
$ 5.95 million
-1.30%
49 Camelot Token GRAIL $ 71.12
$ 1.78M
$ 1.78 million
-3.05%
50 THORChain (ERC20) RUNE $ 0.459
$ 1.59M
$ 1.59 million
+7.97%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Time TIME $ 3.17
$ 2.25M
$ 2.25 million
+26.28%
THORChain RUNE $ 0.457
$ 160.36M
$ 160.36 million
+7.49%
Sun SUN $ 0.0187
$ 359.51M
$ 359.51 million
+2.87%
JOE JOE $ 0.0483
$ 10.58M
$ 10.58 million
+2.15%
THENA THE $ 0.105
$ 13.49M
$ 13.49 million
+1.99%
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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