Exchange Tokens

140 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 $ 587.15
$ 80.07B
$ 80.07 billion
-1.12%
2 Hyperliquid HYPE $ 27.04
$ 8.11B
$ 8.11 billion
+3.97%
3 LEO LEO $ 7.96
$ 7.33B
$ 7.33 billion
-1.67%
4 Cronos CRO $ 0.0748
$ 3.07B
$ 3.07 billion
+1.79%
5 Uniswap UNI $ 3.39
$ 2.15B
$ 2.15 billion
+1.95%
6 OKB OKB $ 73.79
$ 1.55B
$ 1.55 billion
-0.26%
7 Bitget Token BGB $ 2.20
$ 1.54B
$ 1.54 billion
-1.79%
8 KuCoin Token KCS $ 8.27
$ 1.09B
$ 1.09 billion
+0.62%
9 GateToken GT $ 6.79
$ 781.05M
$ 781.05 million
-1.11%
10 Jupiter JUP $ 0.145
$ 470.36M
$ 470.36 million
+1.19%
11 PancakeSwap CAKE $ 1.21
$ 400.06M
$ 400.06 million
-1.90%
12 Curve DAO Token CRV $ 0.226
$ 331.76M
$ 331.76 million
+2.93%
13 Sun SUN $ 0.0164
$ 315.70M
$ 315.70 million
-0.85%
14 Aerodrome AERO $ 0.323
$ 297.40M
$ 297.40 million
+9.67%
15 MX Token MX $ 1.79
$ 164.49M
$ 164.49 million
+0.04%
16 Raydium RAY $ 0.592
$ 159.10M
$ 159.10 million
+3.68%
17 THORChain RUNE $ 0.388
$ 136.19M
$ 136.19 million
+1.13%
18 FTX Token FTT $ 0.311
$ 102.25M
$ 102.25 million
-1.22%
19 KUB Coin KUB $ 1.04
$ 92.77M
$ 92.77 million
+1.44%
20 SUSHI SUSHI $ 0.195
$ 56.87M
$ 56.87 million
+1.39%
21 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
-0.01%
22 Loopring LRC $ 0.0331
$ 45.27M
$ 45.27 million
+3.92%
23 THENA THE $ 0.240
$ 30.09M
$ 30.09 million
+0.38%
24 Osmosis OSMO $ 0.0343
$ 26.17M
$ 26.17 million
-0.61%
25 VVS Finance VVS $ 0.0₅146
$ 23.46M
$ 23.46 million
+0.31%
26 Velodrome Finance VELO $ 0.0142
$ 15.44M
$ 15.44 million
+4.61%
27 Cetus CETUS $ 0.0154
$ 13.97M
$ 13.97 million
+0.71%
28 DODO DODO $ 0.0144
$ 11.20M
$ 11.20 million
+3.24%
29 Maverick Protocol MAV $ 0.0141
$ 10.09M
$ 10.09 million
-0.41%
30 Balancer BAL $ 0.134
$ 9.10M
$ 9.10 million
-4.34%
31 JOE JOE $ 0.0343
$ 7.50M
$ 7.50 million
+2.56%
32 Bluefin BLUE $ 0.0186
$ 7.34M
$ 7.34 million
-0.10%
33 Quickswap[New] QUICK $ 0.00882
$ 6.54M
$ 6.54 million
+3.06%
34 IDEX IDEX $ 0.00631
$ 6.31M
$ 6.31 million
-3.14%
35 Pangolin PNG $ 0.0236
$ 5.43M
$ 5.43 million
-2.09%
36 HTX HTX $ 0.0₅164
$ 3.10M
$ 3.10 million
-1.09%
37 Time TIME $ 2.94
$ 2.08M
$ 2.08 million
+1.07%

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

38 BitMart Token BMX $ 0.330
$ 107.62M
$ 107.62 million
-2.56%
39 Huobi Token HT $ 0.206
$ 103.75M
$ 103.75 million
-14.08%
40 Tokenize Xchange TKX $ 1.29
$ 102.89M
$ 102.89 million
+0.02%
41 LCX LCX $ 0.0432
$ 40.98M
$ 40.98 million
-1.73%
42 THORSwap THOR $ 0.0562
$ 28.10M
$ 28.10 million
+0.69%
43 THORChain Yield TCY $ 0.0978
$ 20.54M
$ 20.54 million
+4.59%
44 Rujira RUJI $ 0.239
$ 17.80M
$ 17.80 million
+0.87%
45 WazirX WRX $ 0.0379
$ 15.89M
$ 15.89 million
-1.69%
46 Bitrue Coin BTR $ 0.0183
$ 14.66M
$ 14.66 million
-0.54%
47 ASD ASD $ 0.0181
$ 13.41M
$ 13.41 million
+4.21%
48 Minswap MIN $ 0.00567
$ 9.97M
$ 9.97 million
-2.14%
49 CoinEx Token CET $ 0.0273
$ 5.50M
$ 5.50 million
-0.27%
50 LATOKEN LA $ 0.00469
$ 1.88M
$ 1.88 million
-0.21%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Aerodrome AERO $ 0.323
$ 297.40M
$ 297.40 million
+9.67%
Velodrome Finance VELO $ 0.0142
$ 15.44M
$ 15.44 million
+4.61%
Hyperliquid HYPE $ 27.04
$ 8.11B
$ 8.11 billion
+3.97%
Loopring LRC $ 0.0331
$ 45.27M
$ 45.27 million
+3.92%
Raydium RAY $ 0.592
$ 159.10M
$ 159.10 million
+3.68%
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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