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 $ 582.11
$ 78.45B
$ 78.45 billion
+2.82%
2 Hyperliquid HYPE $ 65.97
$ 19.71B
$ 19.71 billion
+4.35%
3 Cronos CRO $ 0.0558
$ 2.57B
$ 2.57 billion
+2.53%
4 Uniswap UNI $ 3.67
$ 2.28B
$ 2.28 billion
+3.99%
5 OKB OKB $ 81.22
$ 1.71B
$ 1.71 billion
+0.91%
6 Bitget Token BGB $ 1.70
$ 1.19B
$ 1.19 billion
+4.62%
7 KuCoin Token KCS $ 7.05
$ 966.68M
$ 966.68 million
+4.00%
8 GateToken GT $ 6.72
$ 739.28M
$ 739.28 million
+1.07%
9 Jupiter JUP $ 0.211
$ 702.05M
$ 702.05 million
+1.86%
10 Aerodrome AERO $ 0.505
$ 487.40M
$ 487.40 million
+5.17%
11 PancakeSwap CAKE $ 1.43
$ 461.48M
$ 461.48 million
+3.01%
12 Sun SUN $ 0.0182
$ 350.07M
$ 350.07 million
+0.31%
13 Curve DAO Token CRV $ 0.224
$ 343.64M
$ 343.64 million
+5.32%
14 Raydium RAY $ 0.686
$ 184.62M
$ 184.62 million
+3.60%
15 MX Token MX $ 1.66
$ 152.56M
$ 152.56 million
+1.30%
16 THORChain RUNE $ 0.419
$ 142.10M
$ 142.10 million
+4.09%
17 FTX Token FTT $ 0.217
$ 71.42M
$ 71.42 million
+2.56%
18 KUB Coin KUB $ 0.721
$ 64.18M
$ 64.18 million
+1.69%
19 SUSHI SUSHI $ 0.167
$ 48.78M
$ 48.78 million
+6.45%
20 Gemini dollar GUSD $ 0.999
$ 29.63M
$ 29.63 million
-0.23%
21 Osmosis OSMO $ 0.0339
$ 26.47M
$ 26.47 million
+2.28%
22 Velodrome Finance VELO $ 0.0213
$ 26.38M
$ 26.38 million
+5.00%
23 DODO DODO $ 0.0232
$ 17.98M
$ 17.98 million
+8.46%
24 Cetus CETUS $ 0.0187
$ 17.89M
$ 17.89 million
+6.21%
25 Loopring LRC $ 0.0108
$ 14.75M
$ 14.75 million
+0.56%
26 Quickswap[New] QUICK $ 0.00773
$ 14.60M
$ 14.60 million
+2.47%
27 Maverick Protocol MAV $ 0.00944
$ 8.10M
$ 8.10 million
+3.22%
28 THENA THE $ 0.0551
$ 7.78M
$ 7.78 million
-1.82%
29 Balancer BAL $ 0.0964
$ 6.68M
$ 6.68 million
+1.81%
30 JOE JOE $ 0.0280
$ 6.13M
$ 6.13 million
+4.37%
31 Bluefin BLUE $ 0.00910
$ 5.02M
$ 5.02 million
+2.76%
32 Pangolin PNG $ 0.0210
$ 4.94M
$ 4.94 million
+0.94%
33 HTX HTX $ 0.0₅182
$ 3.81M
$ 3.81 million
+0.21%
34 SAROS SAROS $ 0.000397
$ 1.05M
$ 1.05 million
-1.71%

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

35 LEO LEO $ 9.68
$ 8.91B
$ 8.91 billion
+1.74%
36 BitMart Token BMX $ 0.319
$ 104.02M
$ 104.02 million
+0.36%
37 THORChain Yield TCY $ 0.109
$ 22.81M
$ 22.81 million
+7.19%
38 LCX LCX $ 0.0231
$ 21.26M
$ 21.26 million
+5.14%
39 Huobi Token HT $ 0.0384
$ 19.22M
$ 19.22 million
-6.03%
40 THORSwap THOR $ 0.0353
$ 17.63M
$ 17.63 million
+5.72%
41 Rujira RUJI $ 0.214
$ 15.92M
$ 15.92 million
+1.99%
42 VVS Finance VVS $ 0.0₆970
$ 15.62M
$ 15.62 million
+1.89%
43 MCDex MCB $ 1.87
$ 8.97M
$ 8.97 million
-0.05%
44 WazirX WRX $ 0.0188
$ 7.88M
$ 7.88 million
+3.18%
45 Time TIME $ 11.06
$ 7.85M
$ 7.85 million
+67.54%
46 Bitrue Coin BTR $ 0.00980
$ 7.85M
$ 7.85 million
+1.34%
47 Minswap MIN $ 0.00299
$ 5.17M
$ 5.17 million
+2.49%
48 CoinEx Token CET $ 0.0127
$ 2.56M
$ 2.56 million
+1.90%
49 THORChain (ERC20) RUNE $ 0.418
$ 1.45M
$ 1.45 million
+3.52%
50 Camelot Token GRAIL $ 48.17
$ 1.25M
$ 1.25 million
-20.07%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
DODO DODO $ 0.0232
$ 17.98M
$ 17.98 million
+8.46%
SUSHI SUSHI $ 0.167
$ 48.78M
$ 48.78 million
+6.45%
Cetus CETUS $ 0.0187
$ 17.89M
$ 17.89 million
+6.21%
Curve DAO Token CRV $ 0.224
$ 343.64M
$ 343.64 million
+5.32%
Aerodrome AERO $ 0.505
$ 487.40M
$ 487.40 million
+5.17%
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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