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Exchange Tokens

146 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
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1 BNB BNB $788.45
$105.00B
$105.00 billion
-0.77%
2 Hyperliquid HYPE $94.79
$28.30B
$28.30 billion
+4.84%
3 WhiteBIT Coin WBT $85.86
$10.43B
$10.43 billion
+0.06%
4 LEO LEO $8.92
$8.21B
$8.21 billion
-0.84%
5 Uniswap UNI $9.10
$5.69B
$5.69 billion
+0.53%
6 Cronos CRO $0.0691
$3.42B
$3.42 billion
+0.95%
7 OKB OKB $128.74
$2.70B
$2.70 billion
+5.59%
8 HTX HTX $0.0₅172
$1.54B
$1.54 billion
-0.09%
9 Bitget Token BGB $2.00
$1.40B
$1.40 billion
-0.04%
10 GateToken GT $11.14
$1.17B
$1.17 billion
-0.20%
11 Jupiter JUP $0.349
$1.16B
$1.16 billion
+3.69%
12 KuCoin Token KCS $7.60
$1.06B
$1.06 billion
+1.68%
13 Aerodrome AERO $0.847
$846.74M
$846.74 million
-2.08%
14 PancakeSwap CAKE $2.47
$787.39M
$787.39 million
-1.56%
15 Raydium RAY $2.24
$603.89M
$603.89 million
+5.91%
16 Curve DAO Token CRV $0.374
$587.56M
$587.56 million
-0.57%
17 Sun SUN $0.0172
$331.06M
$331.06 million
+0.03%
18 THORChain RUNE $0.789
$259.27M
$259.27 million
-1.24%
19 MX Token MX $1.92
$176.11M
$176.11 million
+1.69%
20 Binance-Peg Cardano Token ADA $0.273
$123.38M
$123.38 million
+3.66%
21 FTX Token FTT $0.260
$85.61M
$85.61 million
+1.43%
22 SUSHI SUSHI $0.256
$74.79M
$74.79 million
+0.76%
23 KUB Coin KUB $0.607
$54.02M
$54.02 million
-0.08%
24 Velodrome Finance VELO $0.0369
$49.47M
$49.47 million
-2.10%
25 XT.com XT $5.34
$32.30M
$32.30 million
+0.04%
26 Gemini dollar GUSD $1.00
$29.20M
$29.20 million
-0.02%
27 Osmosis OSMO $0.0365
$28.85M
$28.85 million
+1.54%
28 Cetus CETUS $0.0286
$27.65M
$27.65 million
+1.66%
29 Quickswap[New] QUICK $0.0106
$19.99M
$19.99 million
-1.97%
30 LCX LCX $0.0694
$16.39M
$16.39 million
+15.02%
31 DODO DODO $0.0188
$15.52M
$15.52 million
+1.04%
32 Loopring LRC $0.0104
$14.18M
$14.18 million
-0.68%
33 Maverick Protocol MAV $0.0122
$12.75M
$12.75 million
+5.31%
34 THENA THE $0.0751
$11.02M
$11.02 million
+2.07%
35 Balancer BAL $0.136
$9.59M
$9.59 million
+2.24%
36 JOE JOE $0.0416
$9.10M
$9.10 million
+2.52%
37 Pangolin PNG $0.0338
$8.07M
$8.07 million
-2.86%
38 Minswap MIN $0.00432
$7.41M
$7.41 million
+3.15%
39 Coinbase Wrapped LTC cbLTC $70.32
$6.07M
$6.07 million
-0.72%
40 Bluefin BLUE $0.0100
$6.04M
$6.04 million
-7.97%

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

41 BTSE Token BTSE $0.973
$157.61M
$157.61 million
+0.71%
42 Huobi Token HT $0.144
$72.06M
$72.06 million
-2.26%
43 THORChain Yield TCY $0.181
$37.96M
$37.96 million
-2.09%
44 THORSwap THOR $0.0385
$19.27M
$19.27 million
+0.37%
45 VVS Finance VVS $0.0₅112
$18.05M
$18.05 million
+0.64%
46 MaiCoin MAX $0.255
$17.58M
$17.58 million
-0.09%
47 Rujira RUJI $0.216
$16.09M
$16.09 million
-5.96%
48 Bitrue Coin BTR $0.0129
$10.32M
$10.32 million
-2.12%
49 WazirX WRX $0.0237
$9.95M
$9.95 million
+0.72%
50 THORChain (ERC20) RUNE $0.785
$2.72M
$2.72 million
-1.01%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
LCX LCX $0.0694
$16.39M
$16.39 million
+15.02%
Raydium RAY $2.24
$603.89M
$603.89 million
+5.91%
OKB OKB $128.74
$2.70B
$2.70 billion
+5.59%
Maverick Protocol MAV $0.0122
$12.75M
$12.75 million
+5.31%
Hyperliquid HYPE $94.79
$28.30B
$28.30 billion
+4.84%
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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