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Exchange Tokens

146 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 $765.74
$101.95B
$101.95 billion
-2.53%
2 Hyperliquid HYPE $88.59
$26.42B
$26.42 billion
-5.03%
3 WhiteBIT Coin WBT $82.67
$10.05B
$10.05 billion
-3.96%
4 LEO LEO $8.88
$8.17B
$8.17 billion
-0.09%
5 Uniswap UNI $7.92
$4.95B
$4.95 billion
-11.07%
6 Cronos CRO $0.0622
$3.08B
$3.08 billion
-7.89%
7 OKB OKB $129.42
$2.71B
$2.71 billion
-4.94%
8 HTX HTX $0.0₅169
$1.52B
$1.52 billion
-1.23%
9 Bitget Token BGB $1.95
$1.37B
$1.37 billion
-2.25%
10 GateToken GT $10.89
$1.14B
$1.14 billion
-2.75%
11 KuCoin Token KCS $7.64
$1.07B
$1.07 billion
-0.98%
12 Jupiter JUP $0.316
$1.05B
$1.05 billion
-7.35%
13 Aerodrome AERO $0.792
$792.71M
$792.71 million
-5.78%
14 PancakeSwap CAKE $2.23
$709.18M
$709.18 million
-9.63%
15 Raydium RAY $2.52
$678.50M
$678.50 million
+13.44%
16 Curve DAO Token CRV $0.350
$549.67M
$549.67 million
-4.08%
17 Sun SUN $0.0169
$324.36M
$324.36 million
-1.39%
18 THORChain RUNE $0.724
$238.08M
$238.08 million
-6.68%
19 MX Token MX $1.91
$175.31M
$175.31 million
-1.94%
20 Binance-Peg Cardano Token ADA $0.253
$114.39M
$114.39 million
-8.15%
21 FTX Token FTT $0.241
$79.53M
$79.53 million
-6.98%
22 SUSHI SUSHI $0.234
$68.40M
$68.40 million
-9.00%
23 KUB Coin KUB $0.597
$53.17M
$53.17 million
-1.53%
24 Velodrome Finance VELO $0.0345
$46.25M
$46.25 million
-5.29%
25 XT.com XT $5.17
$31.24M
$31.24 million
-4.14%
26 Gemini dollar GUSD $1.00
$29.26M
$29.26 million
+0.16%
27 Osmosis OSMO $0.0336
$26.59M
$26.59 million
-6.07%
28 Cetus CETUS $0.0259
$24.98M
$24.98 million
-9.07%
29 Quickswap[New] QUICK $0.0104
$19.71M
$19.71 million
-2.92%
30 LCX LCX $0.0650
$15.30M
$15.30 million
-18.84%
31 DODO DODO $0.0180
$14.83M
$14.83 million
-5.68%
32 Loopring LRC $0.00964
$13.19M
$13.19 million
-6.48%
33 Maverick Protocol MAV $0.0111
$11.67M
$11.67 million
-7.88%
34 THENA THE $0.0695
$10.21M
$10.21 million
-8.02%
35 Balancer BAL $0.131
$9.22M
$9.22 million
-1.90%
36 JOE JOE $0.0380
$8.32M
$8.32 million
-9.07%
37 Pangolin PNG $0.0331
$7.90M
$7.90 million
-4.20%
38 Minswap MIN $0.00385
$6.61M
$6.61 million
-9.30%
39 Coinbase Wrapped LTC cbLTC $66.62
$5.75M
$5.75 million
-4.74%
40 Bluefin BLUE $0.00921
$5.56M
$5.56 million
-7.11%

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

41 BTSE Token BTSE $0.981
$158.94M
$158.94 million
-0.30%
42 Huobi Token HT $0.151
$75.34M
$75.34 million
+0.38%
43 THORChain Yield TCY $0.170
$35.76M
$35.76 million
-4.40%
44 THORSwap THOR $0.0355
$17.76M
$17.76 million
-6.73%
45 MaiCoin MAX $0.254
$17.49M
$17.49 million
-0.21%
46 VVS Finance VVS $0.0₅103
$16.51M
$16.51 million
-7.12%
47 Rujira RUJI $0.200
$14.87M
$14.87 million
-6.83%
48 MCDex MCB $2.35
$11.30M
$11.30 million
-0.11%
49 Bitrue Coin BTR $0.0134
$10.73M
$10.73 million
+2.92%
50 WazirX WRX $0.0227
$9.51M
$9.51 million
-6.78%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Raydium RAY $2.52
$678.50M
$678.50 million
+13.44%
Gemini dollar GUSD $1.00
$29.26M
$29.26 million
+0.16%
LEO LEO $8.88
$8.17B
$8.17 billion
-0.09%
KuCoin Token KCS $7.64
$1.07B
$1.07 billion
-0.98%
HTX HTX $0.0₅169
$1.52B
$1.52 billion
-1.23%
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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