Coinranking
Exchange Tokens
139 coins #17| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 1 |  BNB BNB | $ | -1.49%  | |
| | 2 |  Hyperliquid HYPE | $ | +4.31%  | |
| | 3 |  LEO LEO | $ | -4.57%  | |
| | 4 |  Cronos CRO | $ | -1.67%  | |
| | 5 |  Uniswap UNI | $ | +1.21%  | |
| | 6 |  Bitget Token BGB | $ | -1.84%  | |
| | 7 |  OKB OKB | $ | -1.40%  | |
| | 8 |  KuCoin Token KCS | $ | -0.64%  | |
| | 9 |  GateToken GT | $ | -1.22%  | |
| | 10 |  Jupiter JUP | $ | -4.73%  | |
| | 11 |  PancakeSwap CAKE | $ | -1.47%  | |
| | 12 |  Curve DAO Token CRV | $ | -0.32%  | |
| | 13 |  Sun SUN | $ | +0.05%  | |
| | 14 |  Aerodrome AERO | $ | -5.82%  | |
| | 15 |  MX Token MX | $ | -0.12%  | |
| | 16 |  Raydium RAY | $ | -1.74%  | |
| | 17 |  THORChain RUNE | $ | -2.12%  | |
| | 18 |  FTX Token FTT | $ | -4.20%  | |
| | 19 |  KUB Coin KUB | $ | -0.55%  | |
| | 20 |  SUSHI SUSHI | $ | -0.85%  | |
| | 21 |  Loopring LRC | $ | +1.23%  | |
| | 22 |  Gemini dollar GUSD | $ | -0.02%  | |
| | 23 |  THENA THE | $ | +3.53%  | |
| | 24 |  THORSwap THOR | $ | +15.79%  | |
| | 25 |  Osmosis OSMO | $ | -0.58%  | |
| | 26 |  VVS Finance VVS | $ | -2.15%  | |
| | 27 |  Velodrome Finance VELO | $ | +1.62%  | |
| | 28 |  Cetus CETUS | $ | +0.14%  | |
| | 29 |  Maverick Protocol MAV | $ | -1.34%  | |
| | 30 |  DODO DODO | $ | +1.19%  | |
| | 31 |  Balancer BAL | $ | -3.61%  | |
| | 32 |  JOE JOE | $ | +2.73%  | |
| | 33 |  Bluefin BLUE | $ | -0.04%  | |
| | 34 |  IDEX IDEX | $ | -3.11%  | |
| | 35 |  Quickswap[New] QUICK | $ | +0.82%  | |
| | 36 |  Pangolin PNG | $ | -6.04%  | |
| | 37 |  HTX HTX | $ | +0.22%  | |
| | 38 |  Time TIME | $ | -2.04%  | |
| The coins below are ranked lower due to missing data. Learn more | |||||
| | 39 |  BitMart Token BMX | $ | -1.77%  | |
| | 40 |  Tokenize Xchange TKX | $ | -1.28%  | |
| | 41 |  Huobi Token HT | $ | -3.00%  | |
| | 42 |  LCX LCX | $ | -0.30%  | |
| | 43 |  THORChain Yield TCY | $ | -3.09%  | |
| | 44 |  Rujira RUJI | $ | -1.39%  | |
| | 45 |  WazirX WRX | $ | +1.63%  | |
| | 46 |  Bitrue Coin BTR | $ | -2.26%  | |
| | 47 |  ASD ASD | $ | +2.53%  | |
| | 48 |  Minswap MIN | $ | -4.36%  | |
| | 49 |  CoinEx Token CET | $ | +1.61%  | |
| | 50 |  Camelot Token GRAIL | $ | +1.03%  | |
Previous Next
Trending Exchange Tokens
| Coins | Price | 24h | |
|---|---|---|---|
| | Hyperliquid HYPE | $ | +4.31% |
| | Aerodrome AERO | $ | -5.82% |
| | Jupiter JUP | $ | -4.73% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | THORSwap THOR | $ | +15.79% | ||
| | Hyperliquid HYPE | $ | +4.31% | ||
| | THENA THE | $ | +3.53% | ||
| | JOE JOE | $ | +2.73% | ||
| | Velodrome Finance VELO | $ | +1.62% | ||
| 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
- Exchange mints token → sells or airdrops to early users.
- Traders opt-in to pay fees in the token → receive 10-25 % discount.
- Quarterly burn – platform uses part of profits to buy & burn tokens, reducing float.
- Staking tiers – lock X tokens for higher APY, lower futures fees, or launchpad allocation weight.
- 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.