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 $ 584.36
$ 77.81B
$ 77.81 billion
+0.26%
2 Hyperliquid HYPE $ 52.47
$ 15.67B
$ 15.67 billion
+0.99%
3 Cronos CRO $ 0.0540
$ 2.56B
$ 2.56 billion
-0.39%
4 Uniswap UNI $ 4.06
$ 2.53B
$ 2.53 billion
-2.97%
5 OKB OKB $ 86.24
$ 1.81B
$ 1.81 billion
-0.88%
6 Bitget Token BGB $ 1.60
$ 1.12B
$ 1.12 billion
-2.18%
7 KuCoin Token KCS $ 6.50
$ 892.14M
$ 892.14 million
-1.04%
8 GateToken GT $ 6.49
$ 713.74M
$ 713.74 million
+0.04%
9 Jupiter JUP $ 0.191
$ 635.19M
$ 635.19 million
-1.86%
10 PancakeSwap CAKE $ 1.43
$ 544.09M
$ 544.09 million
+0.60%
11 Aerodrome AERO $ 0.391
$ 382.47M
$ 382.47 million
+0.03%
12 Sun SUN $ 0.0179
$ 344.39M
$ 344.39 million
-0.25%
13 Curve DAO Token CRV $ 0.202
$ 311.49M
$ 311.49 million
-1.83%
14 Raydium RAY $ 0.603
$ 162.38M
$ 162.38 million
-1.33%
15 THORChain RUNE $ 0.438
$ 148.08M
$ 148.08 million
-1.32%
16 MX Token MX $ 1.60
$ 147.10M
$ 147.10 million
-0.54%
17 FTX Token FTT $ 0.198
$ 64.95M
$ 64.95 million
+1.02%
18 KUB Coin KUB $ 0.616
$ 54.88M
$ 54.88 million
-1.26%
19 SUSHI SUSHI $ 0.154
$ 45.15M
$ 45.15 million
-0.35%
20 Gemini dollar GUSD $ 1.00
$ 29.73M
$ 29.73 million
-0.01%
21 Osmosis OSMO $ 0.0268
$ 20.96M
$ 20.96 million
-2.59%
22 Velodrome Finance VELO $ 0.0161
$ 20.41M
$ 20.41 million
-3.07%
23 Cetus CETUS $ 0.0175
$ 16.78M
$ 16.78 million
-0.95%
24 Quickswap[New] QUICK $ 0.00780
$ 14.73M
$ 14.73 million
-0.61%
25 DODO DODO $ 0.0187
$ 14.51M
$ 14.51 million
+0.86%
26 Loopring LRC $ 0.0103
$ 14.14M
$ 14.14 million
-2.00%
27 Maverick Protocol MAV $ 0.00787
$ 8.24M
$ 8.24 million
-0.83%
28 Balancer BAL $ 0.109
$ 7.55M
$ 7.55 million
-8.32%
29 THENA THE $ 0.0511
$ 7.31M
$ 7.31 million
+0.14%
30 Minswap MIN $ 0.00312
$ 5.37M
$ 5.37 million
-2.48%
31 JOE JOE $ 0.0240
$ 5.25M
$ 5.25 million
-0.01%
32 Pangolin PNG $ 0.0205
$ 4.84M
$ 4.84 million
-2.23%
33 Bluefin BLUE $ 0.00837
$ 4.61M
$ 4.61 million
-2.47%
34 HTX HTX $ 0.0₅179
$ 3.75M
$ 3.75 million
-0.43%
35 SAROS SAROS $ 0.000289
$ 901,423
$ 901,423
+0.99%

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

36 LEO LEO $ 9.77
$ 8.99B
$ 8.99 billion
-0.23%
37 BTSE Token BTSE $ 0.890
$ 144.22M
$ 144.22 million
-7.32%
38 Huobi Token HT $ 0.0892
$ 44.60M
$ 44.60 million
-1.43%
39 THORChain Yield TCY $ 0.139
$ 29.26M
$ 29.26 million
-1.51%
40 THORSwap THOR $ 0.0426
$ 21.31M
$ 21.31 million
-2.92%
41 LCX LCX $ 0.0811
$ 21.22M
$ 21.22 million
-16.05%
42 BitMart Token BMX $ 0.0499
$ 16.28M
$ 16.28 million
-1.09%
43 VVS Finance VVS $ 0.0₆934
$ 15.05M
$ 15.05 million
-0.10%
44 Rujira RUJI $ 0.190
$ 14.19M
$ 14.19 million
-0.72%
45 MCDex MCB $ 2.12
$ 10.20M
$ 10.20 million
+0.00%
46 Bitrue Coin BTR $ 0.00957
$ 7.67M
$ 7.67 million
-0.00%
47 WazirX WRX $ 0.0151
$ 6.31M
$ 6.31 million
-7.83%
48 CoinEx Token CET $ 0.0110
$ 2.21M
$ 2.21 million
-0.08%
49 THORChain (ERC20) RUNE $ 0.439
$ 1.52M
$ 1.52 million
-0.85%
50 LATOKEN LA $ 0.00320
$ 1.28M
$ 1.28 million
+0.00%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
FTX Token FTT $ 0.198
$ 64.95M
$ 64.95 million
+1.02%
SAROS SAROS $ 0.000289
$ 901,423
$ 901,423
+0.99%
Hyperliquid HYPE $ 52.47
$ 15.67B
$ 15.67 billion
+0.99%
DODO DODO $ 0.0187
$ 14.51M
$ 14.51 million
+0.86%
PancakeSwap CAKE $ 1.43
$ 544.09M
$ 544.09 million
+0.60%
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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