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 $ 631.46
$ 86.10B
$ 86.10 billion
+2.53%
2 Hyperliquid HYPE $ 31.21
$ 9.37B
$ 9.37 billion
-2.30%
3 Cronos CRO $ 0.0820
$ 3.27B
$ 3.27 billion
+4.48%
4 Uniswap UNI $ 3.59
$ 2.28B
$ 2.28 billion
+3.22%
5 Bitget Token BGB $ 2.41
$ 1.69B
$ 1.69 billion
+1.22%
6 OKB OKB $ 80.00
$ 1.68B
$ 1.68 billion
+3.65%
7 KuCoin Token KCS $ 8.58
$ 1.13B
$ 1.13 billion
+1.13%
8 GateToken GT $ 7.33
$ 843.90M
$ 843.90 million
+3.43%
9 Jupiter JUP $ 0.162
$ 524.64M
$ 524.64 million
+4.53%
10 PancakeSwap CAKE $ 1.34
$ 446.12M
$ 446.12 million
+3.79%
11 Curve DAO Token CRV $ 0.264
$ 386.41M
$ 386.41 million
+5.24%
12 Sun SUN $ 0.0174
$ 333.48M
$ 333.48 million
+1.51%
13 Aerodrome AERO $ 0.324
$ 298.05M
$ 298.05 million
+6.12%
14 Raydium RAY $ 0.647
$ 173.87M
$ 173.87 million
+3.73%
15 MX Token MX $ 1.83
$ 167.71M
$ 167.71 million
+0.98%
16 THORChain RUNE $ 0.421
$ 147.77M
$ 147.77 million
+1.94%
17 FTX Token FTT $ 0.351
$ 115.57M
$ 115.57 million
+0.86%
18 KUB Coin KUB $ 1.04
$ 92.99M
$ 92.99 million
+0.27%
19 SUSHI SUSHI $ 0.218
$ 63.58M
$ 63.58 million
+3.63%
20 Loopring LRC $ 0.0345
$ 47.15M
$ 47.15 million
-2.94%
21 Gemini dollar GUSD $ 1.000
$ 47.09M
$ 47.09 million
-0.02%
22 THENA THE $ 0.278
$ 34.68M
$ 34.68 million
+1.92%
23 Osmosis OSMO $ 0.0383
$ 29.32M
$ 29.32 million
-0.51%
24 VVS Finance VVS $ 0.0₅160
$ 25.75M
$ 25.75 million
+5.10%
25 Rujira RUJI $ 0.234
$ 17.40M
$ 17.40 million
+9.85%
26 Velodrome Finance VELO $ 0.0150
$ 16.16M
$ 16.16 million
+0.51%
27 Cetus CETUS $ 0.0173
$ 15.77M
$ 15.77 million
+5.84%
28 DODO DODO $ 0.0160
$ 12.49M
$ 12.49 million
+5.36%
29 Maverick Protocol MAV $ 0.0172
$ 12.31M
$ 12.31 million
+2.84%
30 Balancer BAL $ 0.153
$ 10.45M
$ 10.45 million
+1.25%
31 JOE JOE $ 0.0408
$ 8.93M
$ 8.93 million
+3.02%
32 Bluefin BLUE $ 0.0208
$ 8.18M
$ 8.18 million
+0.48%
33 IDEX IDEX $ 0.00738
$ 7.38M
$ 7.38 million
+1.08%
34 Quickswap[New] QUICK $ 0.00982
$ 7.28M
$ 7.28 million
+3.20%
35 Pangolin PNG $ 0.0267
$ 6.15M
$ 6.15 million
-0.47%
36 HTX HTX $ 0.0₅172
$ 3.24M
$ 3.24 million
+0.56%
37 Time TIME $ 3.18
$ 2.26M
$ 2.26 million
+1.09%

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

38 LEO LEO $ 8.67
$ 7.99B
$ 7.99 billion
+3.08%
39 Huobi Token HT $ 0.248
$ 124.05M
$ 124.05 million
+6.25%
40 BitMart Token BMX $ 0.368
$ 120.09M
$ 120.09 million
-1.49%
41 Tokenize Xchange TKX $ 1.37
$ 109.46M
$ 109.46 million
+0.56%
42 LCX LCX $ 0.0783
$ 74.34M
$ 74.34 million
+16.25%
43 THORSwap THOR $ 0.0649
$ 32.47M
$ 32.47 million
-0.50%
44 THORChain Yield TCY $ 0.0797
$ 16.73M
$ 16.73 million
-1.48%
45 WazirX WRX $ 0.0391
$ 16.40M
$ 16.40 million
-0.13%
46 Bitrue Coin BTR $ 0.0180
$ 14.42M
$ 14.42 million
+2.56%
47 ASD ASD $ 0.0164
$ 12.21M
$ 12.21 million
+0.00%
48 Minswap MIN $ 0.00603
$ 10.61M
$ 10.61 million
+6.12%
49 CoinEx Token CET $ 0.0285
$ 5.72M
$ 5.72 million
+1.91%
50 LATOKEN LA $ 0.00450
$ 1.80M
$ 1.80 million
-0.00%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Rujira RUJI $ 0.234
$ 17.40M
$ 17.40 million
+9.85%
Aerodrome AERO $ 0.324
$ 298.05M
$ 298.05 million
+6.12%
Cetus CETUS $ 0.0173
$ 15.77M
$ 15.77 million
+5.84%
DODO DODO $ 0.0160
$ 12.49M
$ 12.49 million
+5.36%
Curve DAO Token CRV $ 0.264
$ 386.41M
$ 386.41 million
+5.24%
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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