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 $ 634.21
$ 86.49B
$ 86.49 billion
+0.17%
2 Hyperliquid HYPE $ 32.88
$ 9.88B
$ 9.88 billion
-2.51%
3 LEO LEO $ 7.63
$ 7.03B
$ 7.03 billion
+13.74%
4 Cronos CRO $ 0.0775
$ 3.09B
$ 3.09 billion
+2.41%
5 Uniswap UNI $ 3.45
$ 2.19B
$ 2.19 billion
+3.94%
6 Bitget Token BGB $ 2.64
$ 1.85B
$ 1.85 billion
+1.19%
7 OKB OKB $ 74.65
$ 1.57B
$ 1.57 billion
+5.40%
8 KuCoin Token KCS $ 8.15
$ 1.08B
$ 1.08 billion
+3.80%
9 GateToken GT $ 6.91
$ 796.05M
$ 796.05 million
+4.38%
10 Jupiter JUP $ 0.159
$ 516.63M
$ 516.63 million
-0.09%
11 PancakeSwap CAKE $ 1.35
$ 448.23M
$ 448.23 million
+1.36%
12 Curve DAO Token CRV $ 0.253
$ 371.09M
$ 371.09 million
+6.77%
13 Sun SUN $ 0.0162
$ 311.05M
$ 311.05 million
+0.30%
14 Aerodrome AERO $ 0.320
$ 293.49M
$ 293.49 million
+1.76%
15 MX Token MX $ 1.81
$ 165.93M
$ 165.93 million
+0.27%
16 Raydium RAY $ 0.592
$ 159.06M
$ 159.06 million
+1.06%
17 THORChain RUNE $ 0.408
$ 143.20M
$ 143.20 million
+2.33%
18 FTX Token FTT $ 0.308
$ 101.45M
$ 101.45 million
+7.62%
19 KUB Coin KUB $ 1.04
$ 92.69M
$ 92.69 million
+2.88%
20 Loopring LRC $ 0.0484
$ 66.28M
$ 66.28 million
-9.57%
21 SUSHI SUSHI $ 0.204
$ 59.58M
$ 59.58 million
+0.78%
22 Gemini dollar GUSD $ 1.00
$ 47.11M
$ 47.11 million
-0.27%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0492
$ 46.74M
$ 46.74 million
+2.16%
24 THENA THE $ 0.255
$ 32.09M
$ 32.09 million
+10.80%
25 Osmosis OSMO $ 0.0382
$ 29.13M
$ 29.13 million
+3.06%
26 VVS Finance VVS $ 0.0₅152
$ 24.49M
$ 24.49 million
+2.91%
27 Velodrome Finance VELO $ 0.0145
$ 15.48M
$ 15.48 million
+2.99%
28 Cetus CETUS $ 0.0164
$ 14.71M
$ 14.71 million
+2.47%
29 Maverick Protocol MAV $ 0.0176
$ 12.63M
$ 12.63 million
+1.41%
30 DODO DODO $ 0.0150
$ 11.63M
$ 11.63 million
+3.54%
31 Balancer BAL $ 0.166
$ 11.34M
$ 11.34 million
-0.12%
32 JOE JOE $ 0.0396
$ 8.68M
$ 8.68 million
+6.21%
33 Bluefin BLUE $ 0.0201
$ 7.91M
$ 7.91 million
-2.16%
34 IDEX IDEX $ 0.00754
$ 7.54M
$ 7.54 million
+2.93%
35 Quickswap[New] QUICK $ 0.00900
$ 6.67M
$ 6.67 million
+4.17%
36 Pangolin PNG $ 0.0263
$ 6.05M
$ 6.05 million
+12.42%
37 HTX HTX $ 0.0₅162
$ 3.06M
$ 3.06 million
+0.44%
38 Time TIME $ 3.24
$ 2.30M
$ 2.30 million
+0.47%

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

39 BitMart Token BMX $ 0.382
$ 124.69M
$ 124.69 million
+0.55%
40 Tokenize Xchange TKX $ 1.34
$ 107.31M
$ 107.31 million
+2.07%
41 Huobi Token HT $ 0.178
$ 89.10M
$ 89.10 million
+9.12%
42 THORSwap THOR $ 0.0555
$ 27.77M
$ 27.77 million
+8.27%
43 THORChain Yield TCY $ 0.0771
$ 16.20M
$ 16.20 million
+7.87%
44 WazirX WRX $ 0.0367
$ 15.39M
$ 15.39 million
+8.03%
45 Rujira RUJI $ 0.202
$ 15.08M
$ 15.08 million
+0.70%
46 Bitrue Coin BTR $ 0.0178
$ 14.29M
$ 14.29 million
-5.26%
47 ASD ASD $ 0.0149
$ 11.09M
$ 11.09 million
+5.59%
48 Minswap MIN $ 0.00573
$ 10.09M
$ 10.09 million
-0.88%
49 MCDex MCB $ 2.08
$ 9.99M
$ 9.99 million
+0.15%
50 CoinEx Token CET $ 0.0259
$ 5.21M
$ 5.21 million
+3.78%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
LEO LEO $ 7.63
$ 7.03B
$ 7.03 billion
+13.74%
Pangolin PNG $ 0.0263
$ 6.05M
$ 6.05 million
+12.42%
THENA THE $ 0.255
$ 32.09M
$ 32.09 million
+10.80%
FTX Token FTT $ 0.308
$ 101.45M
$ 101.45 million
+7.62%
Curve DAO Token CRV $ 0.253
$ 371.09M
$ 371.09 million
+6.77%
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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