Exchange Tokens

140 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 $ 895.77
$ 123.36B
$ 123.36 billion
+1.41%
2 WhiteBIT Coin WBT $ 60.51
$ 12.96B
$ 12.96 billion
+0.05%
3 Hyperliquid HYPE $ 29.53
$ 10.02B
$ 10.02 billion
+3.98%
4 LEO LEO $ 9.58
$ 8.84B
$ 8.84 billion
+0.22%
5 Cronos CRO $ 0.0996
$ 3.72B
$ 3.72 billion
-0.69%
6 Uniswap UNI $ 5.53
$ 3.42B
$ 3.42 billion
+2.44%
7 Bitget Token BGB $ 3.61
$ 2.52B
$ 2.52 billion
+0.12%
8 OKB OKB $ 115.46
$ 2.42B
$ 2.42 billion
+0.18%
9 KuCoin Token KCS $ 10.69
$ 1.39B
$ 1.39 billion
+0.58%
10 GateToken GT $ 10.46
$ 837.24M
$ 837.24 million
+1.23%
11 PancakeSwap CAKE $ 2.27
$ 762.53M
$ 762.53 million
+2.33%
12 Jupiter JUP $ 0.204
$ 640.28M
$ 640.28 million
+0.57%
13 Curve DAO Token CRV $ 0.396
$ 564.20M
$ 564.20 million
+0.40%
14 Aerodrome AERO $ 0.610
$ 554.02M
$ 554.02 million
+0.35%
15 Sun SUN $ 0.0201
$ 386.35M
$ 386.35 million
-1.21%
16 Raydium RAY $ 1.07
$ 288.53M
$ 288.53 million
-0.46%
17 THORChain RUNE $ 0.653
$ 229.37M
$ 229.37 million
+1.19%
18 FTX Token FTT $ 0.609
$ 200.45M
$ 200.45 million
-2.35%
19 MX Token MX $ 2.16
$ 200.12M
$ 200.12 million
+1.91%
20 KUB Coin KUB $ 1.27
$ 113.23M
$ 113.23 million
-0.71%
21 SUSHI SUSHI $ 0.327
$ 95.41M
$ 95.41 million
+1.80%
22 Loopring LRC $ 0.0656
$ 82.87M
$ 82.87 million
+4.23%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0700
$ 66.51M
$ 66.51 million
+0.22%
24 Osmosis OSMO $ 0.0685
$ 51.68M
$ 51.68 million
+0.33%
25 Gemini dollar GUSD $ 1.00
$ 46.06M
$ 46.06 million
+0.00%
26 Balancer BAL $ 0.661
$ 43.50M
$ 43.50 million
+0.71%
27 Velodrome Finance VELO $ 0.0266
$ 27.95M
$ 27.95 million
-0.23%
28 THENA THE $ 0.180
$ 22.72M
$ 22.72 million
+0.87%
29 Maverick Protocol MAV $ 0.0307
$ 20.49M
$ 20.49 million
+4.65%
30 DODO DODO $ 0.0204
$ 15.67M
$ 15.67 million
+0.43%
31 JOE JOE $ 0.0704
$ 15.41M
$ 15.41 million
+0.45%
32 IDEX IDEX $ 0.0123
$ 12.33M
$ 12.33 million
+0.06%
33 Bluefin BLUE $ 0.0371
$ 12.25M
$ 12.25 million
-1.33%
34 Pangolin PNG $ 0.0485
$ 10.89M
$ 10.89 million
+4.62%
35 Cetus CETUS $ 0.0277
$ 9.34M
$ 9.34 million
+0.29%
36 Quickswap[New] QUICK $ 0.0118
$ 8.76M
$ 8.76 million
+1.03%
37 Time TIME $ 6.96
$ 4.94M
$ 4.94 million
-0.72%
38 HTX HTX $ 0.0₅162
$ 3.00M
$ 3.00 million
-0.38%

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

39 Huobi Token HT $ 0.181
$ 86.50M
$ 86.50 million
-0.00%
40 BitMart Token BMX $ 0.400
$ 75.96M
$ 75.96 million
-4.54%
41 THORSwap THOR $ 0.0822
$ 41.10M
$ 41.10 million
+3.53%
42 VVS Finance VVS $ 0.0₅202
$ 32.50M
$ 32.50 million
-1.00%
43 THORChain Yield TCY $ 0.120
$ 25.18M
$ 25.18 million
+0.84%
44 Rujira RUJI $ 0.316
$ 23.56M
$ 23.56 million
-0.67%
45 Bitrue Coin BTR $ 0.0270
$ 21.60M
$ 21.60 million
-0.38%
46 ASD ASD $ 0.0220
$ 16.38M
$ 16.38 million
+5.81%
47 Minswap MIN $ 0.00861
$ 15.32M
$ 15.32 million
+0.64%
48 Quidax Token QDX $ 0.119
$ 9.19M
$ 9.19 million
-0.16%
49 CoinEx Token CET $ 0.0453
$ 9.11M
$ 9.11 million
-0.14%
50 Camelot Token GRAIL $ 148.99
$ 3.48M
$ 3.48 million
-1.05%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Maverick Protocol MAV $ 0.0307
$ 20.49M
$ 20.49 million
+4.65%
Pangolin PNG $ 0.0485
$ 10.89M
$ 10.89 million
+4.62%
Loopring LRC $ 0.0656
$ 82.87M
$ 82.87 million
+4.23%
Hyperliquid HYPE $ 29.53
$ 10.02B
$ 10.02 billion
+3.98%
Uniswap UNI $ 5.53
$ 3.42B
$ 3.42 billion
+2.44%
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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