Exchange Tokens

139 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 $ 608.61
$ 82.96B
$ 82.96 billion
-1.30%
2 Hyperliquid HYPE $ 30.86
$ 9.27B
$ 9.27 billion
+0.85%
3 LEO LEO $ 8.17
$ 7.53B
$ 7.53 billion
-3.11%
4 Cronos CRO $ 0.0768
$ 3.06B
$ 3.06 billion
+0.67%
5 Uniswap UNI $ 3.29
$ 2.09B
$ 2.09 billion
-4.21%
6 Bitget Token BGB $ 2.35
$ 1.64B
$ 1.64 billion
-0.30%
7 OKB OKB $ 75.07
$ 1.58B
$ 1.58 billion
+0.34%
8 KuCoin Token KCS $ 8.09
$ 1.07B
$ 1.07 billion
+0.40%
9 GateToken GT $ 6.95
$ 801.26M
$ 801.26 million
+0.28%
10 Jupiter JUP $ 0.141
$ 457.91M
$ 457.91 million
+1.14%
11 PancakeSwap CAKE $ 1.28
$ 425.08M
$ 425.08 million
-2.61%
12 Curve DAO Token CRV $ 0.236
$ 345.75M
$ 345.75 million
+0.01%
13 Sun SUN $ 0.0170
$ 327.17M
$ 327.17 million
+1.12%
14 Aerodrome AERO $ 0.294
$ 269.80M
$ 269.80 million
+1.14%
15 MX Token MX $ 1.80
$ 165.36M
$ 165.36 million
-0.20%
16 Raydium RAY $ 0.587
$ 157.57M
$ 157.57 million
+0.99%
17 THORChain RUNE $ 0.390
$ 136.78M
$ 136.78 million
-0.36%
18 FTX Token FTT $ 0.341
$ 112.03M
$ 112.03 million
+0.72%
19 KUB Coin KUB $ 1.04
$ 92.60M
$ 92.60 million
+0.08%
20 SUSHI SUSHI $ 0.200
$ 58.29M
$ 58.29 million
-0.62%
21 Loopring LRC $ 0.0384
$ 51.55M
$ 51.55 million
-4.18%
22 Gemini dollar GUSD $ 1.00
$ 47.12M
$ 47.12 million
-0.03%
23 THENA THE $ 0.270
$ 33.68M
$ 33.68 million
-2.47%
24 Osmosis OSMO $ 0.0375
$ 28.59M
$ 28.59 million
-0.59%
25 VVS Finance VVS $ 0.0₅150
$ 24.18M
$ 24.18 million
+0.35%
26 Velodrome Finance VELO $ 0.0144
$ 15.47M
$ 15.47 million
+3.70%
27 Cetus CETUS $ 0.0155
$ 14.13M
$ 14.13 million
+0.29%
28 Maverick Protocol MAV $ 0.0164
$ 11.77M
$ 11.77 million
+1.41%
29 DODO DODO $ 0.0148
$ 11.49M
$ 11.49 million
-0.77%
30 Balancer BAL $ 0.148
$ 10.12M
$ 10.12 million
-4.86%
31 JOE JOE $ 0.0376
$ 8.22M
$ 8.22 million
-0.31%
32 Bluefin BLUE $ 0.0197
$ 7.76M
$ 7.76 million
+0.81%
33 IDEX IDEX $ 0.00710
$ 7.10M
$ 7.10 million
+1.66%
34 Quickswap[New] QUICK $ 0.00922
$ 6.83M
$ 6.83 million
+1.09%
35 Pangolin PNG $ 0.0262
$ 6.02M
$ 6.02 million
+6.15%
36 HTX HTX $ 0.0₅171
$ 3.22M
$ 3.22 million
+1.30%

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

37 BitMart Token BMX $ 0.375
$ 122.25M
$ 122.25 million
-3.17%
38 Tokenize Xchange TKX $ 1.33
$ 106.15M
$ 106.15 million
-0.20%
39 Huobi Token HT $ 0.210
$ 104.80M
$ 104.80 million
+1.75%
40 LCX LCX $ 0.0707
$ 67.12M
$ 67.12 million
-9.26%
41 THORSwap THOR $ 0.0560
$ 28.01M
$ 28.01 million
-7.30%
42 THORChain Yield TCY $ 0.0766
$ 16.08M
$ 16.08 million
-2.84%
43 WazirX WRX $ 0.0367
$ 15.37M
$ 15.37 million
+2.09%
44 Rujira RUJI $ 0.204
$ 15.17M
$ 15.17 million
-2.29%
45 Bitrue Coin BTR $ 0.0173
$ 13.85M
$ 13.85 million
-2.42%
46 ASD ASD $ 0.0164
$ 12.17M
$ 12.17 million
+3.21%
47 Minswap MIN $ 0.00552
$ 9.68M
$ 9.68 million
+1.63%
48 CoinEx Token CET $ 0.0291
$ 5.86M
$ 5.86 million
+3.23%
49 Time TIME $ 3.19
$ 2.27M
$ 2.27 million
-0.08%
50 LATOKEN LA $ 0.00516
$ 2.06M
$ 2.06 million
+21.99%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Pangolin PNG $ 0.0262
$ 6.02M
$ 6.02 million
+6.15%
Velodrome Finance VELO $ 0.0144
$ 15.47M
$ 15.47 million
+3.70%
IDEX IDEX $ 0.00710
$ 7.10M
$ 7.10 million
+1.66%
Maverick Protocol MAV $ 0.0164
$ 11.77M
$ 11.77 million
+1.41%
HTX HTX $ 0.0₅171
$ 3.22M
$ 3.22 million
+1.30%
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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