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 $ 778.53
$ 106.14B
$ 106.14 billion
+3.38%
2 Hyperliquid HYPE $ 37.78
$ 11.36B
$ 11.36 billion
+21.46%
3 LEO LEO $ 8.62
$ 7.95B
$ 7.95 billion
-0.92%
4 Cronos CRO $ 0.0853
$ 3.40B
$ 3.40 billion
+9.80%
5 Uniswap UNI $ 3.95
$ 2.51B
$ 2.51 billion
+2.75%
6 Bitget Token BGB $ 3.09
$ 2.16B
$ 2.16 billion
+2.23%
7 OKB OKB $ 88.82
$ 1.87B
$ 1.87 billion
+2.57%
8 KuCoin Token KCS $ 9.48
$ 1.25B
$ 1.25 billion
+7.14%
9 GateToken GT $ 8.32
$ 958.47M
$ 958.47 million
+4.70%
10 Jupiter JUP $ 0.193
$ 625.91M
$ 625.91 million
+2.53%
11 PancakeSwap CAKE $ 1.59
$ 529.78M
$ 529.78 million
+5.25%
12 Curve DAO Token CRV $ 0.290
$ 425.80M
$ 425.80 million
+4.92%
13 Aerodrome AERO $ 0.402
$ 368.76M
$ 368.76 million
+5.76%
14 Sun SUN $ 0.0186
$ 356.47M
$ 356.47 million
+8.29%
15 Raydium RAY $ 0.707
$ 189.78M
$ 189.78 million
+3.42%
16 MX Token MX $ 1.91
$ 175.85M
$ 175.85 million
+0.68%
17 THORChain RUNE $ 0.470
$ 165.11M
$ 165.11 million
+2.61%
18 FTX Token FTT $ 0.372
$ 122.27M
$ 122.27 million
+2.56%
19 KUB Coin KUB $ 1.15
$ 102.38M
$ 102.38 million
+1.20%
20 SUSHI SUSHI $ 0.242
$ 70.76M
$ 70.76 million
+2.79%
21 Loopring LRC $ 0.0421
$ 57.53M
$ 57.53 million
+0.74%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0537
$ 50.95M
$ 50.95 million
+21.13%
23 Gemini dollar GUSD $ 1.00
$ 47.10M
$ 47.10 million
-0.04%
24 Osmosis OSMO $ 0.0425
$ 32.41M
$ 32.41 million
+2.20%
25 THENA THE $ 0.227
$ 28.62M
$ 28.62 million
+4.52%
26 VVS Finance VVS $ 0.0₅167
$ 26.92M
$ 26.92 million
+8.41%
27 Velodrome Finance VELO $ 0.0168
$ 17.82M
$ 17.82 million
+4.77%
28 Cetus CETUS $ 0.0186
$ 16.72M
$ 16.72 million
+3.42%
29 Balancer BAL $ 0.233
$ 15.90M
$ 15.90 million
-5.96%
30 Maverick Protocol MAV $ 0.0208
$ 14.89M
$ 14.89 million
+3.48%
31 DODO DODO $ 0.0173
$ 13.49M
$ 13.49 million
+1.80%
32 Bluefin BLUE $ 0.0253
$ 10.00M
$ 10.00 million
+5.62%
33 JOE JOE $ 0.0438
$ 9.59M
$ 9.59 million
+3.26%
34 IDEX IDEX $ 0.00780
$ 7.79M
$ 7.79 million
+3.04%
35 Quickswap[New] QUICK $ 0.00945
$ 7.00M
$ 7.00 million
+1.86%
36 Pangolin PNG $ 0.0264
$ 6.09M
$ 6.09 million
+1.66%
37 HTX HTX $ 0.0₅174
$ 3.28M
$ 3.28 million
+1.41%
38 Time TIME $ 3.42
$ 2.43M
$ 2.43 million
-2.86%

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

39 BitMart Token BMX $ 0.380
$ 124.08M
$ 124.08 million
-2.41%
40 Huobi Token HT $ 0.177
$ 86.90M
$ 86.90 million
+3.58%
41 THORSwap THOR $ 0.0661
$ 33.01M
$ 33.01 million
+6.32%
42 THORChain Yield TCY $ 0.103
$ 21.44M
$ 21.44 million
+5.08%
43 Bitrue Coin BTR $ 0.0221
$ 17.71M
$ 17.71 million
+1.07%
44 Rujira RUJI $ 0.238
$ 17.64M
$ 17.64 million
+2.19%
45 WazirX WRX $ 0.0392
$ 16.45M
$ 16.45 million
+0.38%
46 Minswap MIN $ 0.00679
$ 11.94M
$ 11.94 million
+10.68%
47 ASD ASD $ 0.0154
$ 11.44M
$ 11.44 million
-2.47%
48 CoinEx Token CET $ 0.0262
$ 5.26M
$ 5.26 million
-2.75%
49 Camelot Token GRAIL $ 101.17
$ 2.46M
$ 2.46 million
+0.38%
50 LATOKEN LA $ 0.00474
$ 1.90M
$ 1.90 million
-5.20%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 37.78
$ 11.36B
$ 11.36 billion
+21.46%
Liechtenstein Cryptoassets Exchange LCX $ 0.0537
$ 50.95M
$ 50.95 million
+21.13%
Cronos CRO $ 0.0853
$ 3.40B
$ 3.40 billion
+9.80%
VVS Finance VVS $ 0.0₅167
$ 26.92M
$ 26.92 million
+8.41%
Sun SUN $ 0.0186
$ 356.47M
$ 356.47 million
+8.29%
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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