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 $ 625.67
$ 84.34B
$ 84.34 billion
+1.92%
2 Hyperliquid HYPE $ 44.91
$ 13.43B
$ 13.43 billion
+3.56%
3 Cronos CRO $ 0.0694
$ 2.94B
$ 2.94 billion
+0.46%
4 Uniswap UNI $ 3.24
$ 2.06B
$ 2.06 billion
+3.95%
5 OKB OKB $ 85.86
$ 1.80B
$ 1.80 billion
+0.22%
6 Bitget Token BGB $ 1.90
$ 1.33B
$ 1.33 billion
-0.34%
7 KuCoin Token KCS $ 8.58
$ 1.16B
$ 1.16 billion
+2.69%
8 GateToken GT $ 7.06
$ 813.46M
$ 813.46 million
+3.71%
9 Jupiter JUP $ 0.170
$ 602.87M
$ 602.87 million
+3.13%
10 PancakeSwap CAKE $ 1.61
$ 526.96M
$ 526.96 million
+1.41%
11 Sun SUN $ 0.0183
$ 352.86M
$ 352.86 million
+1.60%
12 Aerodrome AERO $ 0.379
$ 348.39M
$ 348.39 million
+3.18%
13 Curve DAO Token CRV $ 0.226
$ 331.31M
$ 331.31 million
+6.10%
14 Raydium RAY $ 0.661
$ 177.71M
$ 177.71 million
+2.93%
15 MX Token MX $ 1.77
$ 162.68M
$ 162.68 million
+0.01%
16 THORChain RUNE $ 0.412
$ 144.78M
$ 144.78 million
+2.86%
17 FTX Token FTT $ 0.293
$ 96.52M
$ 96.52 million
+1.34%
18 KUB Coin KUB $ 0.844
$ 75.09M
$ 75.09 million
-1.18%
19 SUSHI SUSHI $ 0.201
$ 57.97M
$ 57.97 million
+4.69%
20 Gemini dollar GUSD $ 0.999
$ 35.64M
$ 35.64 million
-0.05%
21 Osmosis OSMO $ 0.0311
$ 24.00M
$ 24.00 million
+2.79%
22 Loopring LRC $ 0.0164
$ 22.43M
$ 22.43 million
+2.31%
23 VVS Finance VVS $ 0.0₅128
$ 20.66M
$ 20.66 million
-0.95%
24 Quickswap[New] QUICK $ 0.0110
$ 20.39M
$ 20.39 million
+5.63%
25 Cetus CETUS $ 0.0201
$ 18.84M
$ 18.84 million
+3.31%
26 Velodrome Finance VELO $ 0.0150
$ 17.13M
$ 17.13 million
+1.98%
27 DODO DODO $ 0.0170
$ 13.22M
$ 13.22 million
+5.28%
28 THENA THE $ 0.102
$ 13.03M
$ 13.03 million
+0.12%
29 Maverick Protocol MAV $ 0.0155
$ 12.48M
$ 12.48 million
+10.32%
30 Balancer BAL $ 0.156
$ 10.65M
$ 10.65 million
-0.51%
31 JOE JOE $ 0.0469
$ 10.27M
$ 10.27 million
+6.15%
32 Bluefin BLUE $ 0.0168
$ 7.92M
$ 7.92 million
+1.48%
33 Pangolin PNG $ 0.0274
$ 6.32M
$ 6.32 million
-0.15%
34 HTX HTX $ 0.0₅178
$ 3.37M
$ 3.37 million
+0.37%
35 IDEX IDEX $ 0.00239
$ 2.39M
$ 2.39 million
-2.76%

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

36 LEO LEO $ 10.15
$ 9.35B
$ 9.35 billion
+0.26%
37 BitMart Token BMX $ 0.325
$ 105.93M
$ 105.93 million
+0.55%
38 LCX LCX $ 0.108
$ 102.90M
$ 102.90 million
-13.41%
39 Huobi Token HT $ 0.172
$ 86.00M
$ 86.00 million
-1.99%
40 THORSwap THOR $ 0.0588
$ 29.39M
$ 29.39 million
+8.63%
41 THORChain Yield TCY $ 0.113
$ 23.78M
$ 23.78 million
+2.09%
42 Rujira RUJI $ 0.172
$ 12.82M
$ 12.82 million
+1.16%
43 ASD ASD $ 0.0156
$ 11.61M
$ 11.61 million
+0.51%
44 Bitrue Coin BTR $ 0.0142
$ 11.38M
$ 11.38 million
-1.19%
45 WazirX WRX $ 0.0267
$ 11.20M
$ 11.20 million
-2.59%
46 Minswap MIN $ 0.00517
$ 9.08M
$ 9.08 million
+4.99%
47 MCDex MCB $ 1.66
$ 7.96M
$ 7.96 million
-0.19%
48 CoinEx Token CET $ 0.0299
$ 6.01M
$ 6.01 million
+1.14%
49 Time TIME $ 5.32
$ 3.79M
$ 3.79 million
+145.54%
50 Camelot Token GRAIL $ 68.01
$ 1.69M
$ 1.69 million
-1.34%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Maverick Protocol MAV $ 0.0155
$ 12.48M
$ 12.48 million
+10.32%
JOE JOE $ 0.0469
$ 10.27M
$ 10.27 million
+6.15%
Curve DAO Token CRV $ 0.226
$ 331.31M
$ 331.31 million
+6.10%
Quickswap[New] QUICK $ 0.0110
$ 20.39M
$ 20.39 million
+5.63%
DODO DODO $ 0.0170
$ 13.22M
$ 13.22 million
+5.28%
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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