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 $ 603.57
$ 80.40B
$ 80.40 billion
-0.15%
2 Hyperliquid HYPE $ 54.76
$ 16.38B
$ 16.38 billion
+1.03%
3 Uniswap UNI $ 4.00
$ 2.50B
$ 2.50 billion
+0.29%
4 Cronos CRO $ 0.0474
$ 2.24B
$ 2.24 billion
-2.66%
5 OKB OKB $ 94.27
$ 1.98B
$ 1.98 billion
+0.47%
6 HTX HTX $ 0.0₅181
$ 1.63B
$ 1.63 billion
+0.72%
7 Bitget Token BGB $ 1.64
$ 1.15B
$ 1.15 billion
+0.50%
8 KuCoin Token KCS $ 6.71
$ 920.39M
$ 920.39 million
+0.07%
9 GateToken GT $ 6.72
$ 739.75M
$ 739.75 million
-0.32%
10 Jupiter JUP $ 0.184
$ 610.52M
$ 610.52 million
-0.47%
11 PancakeSwap CAKE $ 1.45
$ 466.37M
$ 466.37 million
+0.20%
12 Aerodrome AERO $ 0.426
$ 414.60M
$ 414.60 million
+0.81%
13 Curve DAO Token CRV $ 0.243
$ 375.01M
$ 375.01 million
+1.71%
14 Sun SUN $ 0.0182
$ 349.30M
$ 349.30 million
+1.08%
15 Raydium RAY $ 0.643
$ 173.37M
$ 173.37 million
+0.48%
16 MX Token MX $ 1.64
$ 150.28M
$ 150.28 million
+0.87%
17 THORChain RUNE $ 0.435
$ 146.99M
$ 146.99 million
+0.28%
18 FTX Token FTT $ 0.197
$ 64.76M
$ 64.76 million
-0.35%
19 KUB Coin KUB $ 0.597
$ 53.13M
$ 53.13 million
-0.54%
20 SUSHI SUSHI $ 0.167
$ 48.78M
$ 48.78 million
+1.39%
21 Gemini dollar GUSD $ 1.00
$ 30.52M
$ 30.52 million
+0.03%
22 Velodrome Finance VELO $ 0.0202
$ 25.68M
$ 25.68 million
+13.77%
23 Osmosis OSMO $ 0.0301
$ 23.69M
$ 23.69 million
-0.15%
24 Cetus CETUS $ 0.0188
$ 18.02M
$ 18.02 million
+2.63%
25 DODO DODO $ 0.0218
$ 16.91M
$ 16.91 million
+6.02%
26 Quickswap[New] QUICK $ 0.00828
$ 15.62M
$ 15.62 million
+0.66%
27 Loopring LRC $ 0.00974
$ 13.29M
$ 13.29 million
-1.98%
28 Maverick Protocol MAV $ 0.00916
$ 9.57M
$ 9.57 million
+0.04%
29 THENA THE $ 0.0665
$ 9.33M
$ 9.33 million
+8.49%
30 Balancer BAL $ 0.108
$ 7.50M
$ 7.50 million
-1.33%
31 JOE JOE $ 0.0278
$ 6.08M
$ 6.08 million
-2.28%
32 Minswap MIN $ 0.00322
$ 5.54M
$ 5.54 million
-0.47%
33 Pangolin PNG $ 0.0204
$ 4.82M
$ 4.82 million
+1.07%
34 Bluefin BLUE $ 0.00822
$ 4.58M
$ 4.58 million
-2.76%
35 SAROS SAROS $ 0.000300
$ 938,595
$ 938,595
-2.75%
36 IDEX IDEX $ 0.000691
$ 691,095
$ 691,095
-11.02%

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

37 LEO LEO $ 9.65
$ 8.88B
$ 8.88 billion
-0.46%
38 BTSE Token BTSE $ 0.843
$ 136.54M
$ 136.54 million
-1.46%
39 Huobi Token HT $ 0.102
$ 50.92M
$ 50.92 million
+11.67%
40 THORChain Yield TCY $ 0.125
$ 26.18M
$ 26.18 million
+7.66%
41 THORSwap THOR $ 0.0426
$ 21.28M
$ 21.28 million
+1.61%
42 BitMart Token BMX $ 0.0579
$ 18.93M
$ 18.93 million
+0.05%
43 Rujira RUJI $ 0.185
$ 13.77M
$ 13.77 million
-0.30%
44 VVS Finance VVS $ 0.0₆822
$ 13.25M
$ 13.25 million
-2.26%
45 Bitrue Coin BTR $ 0.00960
$ 7.69M
$ 7.69 million
-1.05%
46 WazirX WRX $ 0.0154
$ 6.47M
$ 6.47 million
-2.22%
47 LCX LCX $ 0.0151
$ 3.92M
$ 3.92 million
-6.29%
48 CoinEx Token CET $ 0.0115
$ 2.32M
$ 2.32 million
+1.43%
49 THORChain (ERC20) RUNE $ 0.434
$ 1.50M
$ 1.50 million
+0.38%
50 Verse VERSE $ 0.0000186
$ 957,473
$ 957,473
+2.39%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
Velodrome Finance VELO $ 0.0202
$ 25.68M
$ 25.68 million
+13.77%
THENA THE $ 0.0665
$ 9.33M
$ 9.33 million
+8.49%
DODO DODO $ 0.0218
$ 16.91M
$ 16.91 million
+6.02%
Cetus CETUS $ 0.0188
$ 18.02M
$ 18.02 million
+2.63%
Curve DAO Token CRV $ 0.243
$ 375.01M
$ 375.01 million
+1.71%
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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