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 $ 641.90
$ 87.55B
$ 87.55 billion
-0.74%
2 Hyperliquid HYPE $ 32.50
$ 9.77B
$ 9.77 billion
+3.56%
3 LEO LEO $ 8.40
$ 7.74B
$ 7.74 billion
+7.49%
4 Cronos CRO $ 0.0801
$ 3.19B
$ 3.19 billion
+0.72%
5 Uniswap UNI $ 3.47
$ 2.21B
$ 2.21 billion
-1.62%
6 Bitget Token BGB $ 2.61
$ 1.83B
$ 1.83 billion
+0.92%
7 OKB OKB $ 75.87
$ 1.59B
$ 1.59 billion
+0.51%
8 KuCoin Token KCS $ 8.51
$ 1.13B
$ 1.13 billion
+1.38%
9 GateToken GT $ 7.03
$ 810.26M
$ 810.26 million
-1.13%
10 Jupiter JUP $ 0.159
$ 516.19M
$ 516.19 million
-4.45%
11 PancakeSwap CAKE $ 1.37
$ 454.96M
$ 454.96 million
-1.00%
12 Curve DAO Token CRV $ 0.252
$ 370.25M
$ 370.25 million
-1.61%
13 Sun SUN $ 0.0170
$ 326.37M
$ 326.37 million
+0.18%
14 Aerodrome AERO $ 0.321
$ 294.81M
$ 294.81 million
-1.33%
15 MX Token MX $ 1.81
$ 166.26M
$ 166.26 million
-0.24%
16 Raydium RAY $ 0.610
$ 164.15M
$ 164.15 million
+0.41%
17 THORChain RUNE $ 0.417
$ 146.40M
$ 146.40 million
-0.15%
18 FTX Token FTT $ 0.309
$ 101.74M
$ 101.74 million
-3.77%
19 KUB Coin KUB $ 1.05
$ 93.76M
$ 93.76 million
+0.07%
20 SUSHI SUSHI $ 0.203
$ 59.35M
$ 59.35 million
-4.47%
21 Loopring LRC $ 0.0393
$ 53.87M
$ 53.87 million
-0.04%
22 Gemini dollar GUSD $ 1.00
$ 47.16M
$ 47.16 million
+0.09%
23 THENA THE $ 0.271
$ 34.15M
$ 34.15 million
+2.41%
24 Osmosis OSMO $ 0.0385
$ 29.29M
$ 29.29 million
-1.79%
25 VVS Finance VVS $ 0.0₅157
$ 25.21M
$ 25.21 million
+0.84%
26 Velodrome Finance VELO $ 0.0142
$ 15.24M
$ 15.24 million
-2.51%
27 Cetus CETUS $ 0.0160
$ 14.34M
$ 14.34 million
-4.79%
28 Maverick Protocol MAV $ 0.0169
$ 12.09M
$ 12.09 million
-6.34%
29 Balancer BAL $ 0.170
$ 11.55M
$ 11.55 million
-1.05%
30 DODO DODO $ 0.0146
$ 11.40M
$ 11.40 million
-3.99%
31 JOE JOE $ 0.0388
$ 8.49M
$ 8.49 million
-3.75%
32 Bluefin BLUE $ 0.0200
$ 7.90M
$ 7.90 million
-2.44%
33 IDEX IDEX $ 0.00748
$ 7.48M
$ 7.48 million
-2.85%
34 Quickswap[New] QUICK $ 0.00883
$ 6.54M
$ 6.54 million
-4.37%
35 Pangolin PNG $ 0.0263
$ 6.05M
$ 6.05 million
-0.44%
36 HTX HTX $ 0.0₅167
$ 3.15M
$ 3.15 million
+0.90%

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

37 BitMart Token BMX $ 0.393
$ 128.17M
$ 128.17 million
+2.93%
38 Tokenize Xchange TKX $ 1.37
$ 109.95M
$ 109.95 million
+0.27%
39 Huobi Token HT $ 0.174
$ 87.25M
$ 87.25 million
+0.00%
40 Liechtenstein Cryptoassets Exchange LCX $ 0.0884
$ 83.96M
$ 83.96 million
+64.29%
41 THORSwap THOR $ 0.0557
$ 27.80M
$ 27.80 million
-4.97%
42 Rujira RUJI $ 0.215
$ 16.03M
$ 16.03 million
+6.14%
43 THORChain Yield TCY $ 0.0758
$ 15.92M
$ 15.92 million
+0.94%
44 WazirX WRX $ 0.0370
$ 15.49M
$ 15.49 million
-1.60%
45 Bitrue Coin BTR $ 0.0187
$ 15.00M
$ 15.00 million
-0.02%
46 Minswap MIN $ 0.00581
$ 10.23M
$ 10.23 million
+0.01%
47 MCDex MCB $ 2.06
$ 9.89M
$ 9.89 million
-0.89%
48 ASD ASD $ 0.0127
$ 9.43M
$ 9.43 million
-14.95%
49 CoinEx Token CET $ 0.0266
$ 5.35M
$ 5.35 million
+1.59%
50 Time TIME $ 3.28
$ 2.33M
$ 2.33 million
-0.20%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
LEO LEO $ 8.40
$ 7.74B
$ 7.74 billion
+7.49%
Hyperliquid HYPE $ 32.50
$ 9.77B
$ 9.77 billion
+3.56%
THENA THE $ 0.271
$ 34.15M
$ 34.15 million
+2.41%
KuCoin Token KCS $ 8.51
$ 1.13B
$ 1.13 billion
+1.38%
Bitget Token BGB $ 2.61
$ 1.83B
$ 1.83 billion
+0.92%
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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