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 $ 627.63
$ 85.58B
$ 85.58 billion
-3.17%
2 Hyperliquid HYPE $ 31.23
$ 9.36B
$ 9.36 billion
+2.16%
3 LEO LEO $ 9.07
$ 8.36B
$ 8.36 billion
+0.36%
4 Cronos CRO $ 0.0760
$ 3.12B
$ 3.12 billion
-1.28%
5 Uniswap UNI $ 3.85
$ 2.44B
$ 2.44 billion
-3.32%
6 OKB OKB $ 95.64
$ 2.01B
$ 2.01 billion
-0.36%
7 Bitget Token BGB $ 2.16
$ 1.51B
$ 1.51 billion
-2.37%
8 KuCoin Token KCS $ 7.79
$ 1.03B
$ 1.03 billion
-3.00%
9 GateToken GT $ 6.99
$ 804.55M
$ 804.55 million
-2.70%
10 Jupiter JUP $ 0.177
$ 619.94M
$ 619.94 million
-5.18%
11 PancakeSwap CAKE $ 1.34
$ 442.52M
$ 442.52 million
-3.68%
12 Curve DAO Token CRV $ 0.244
$ 357.45M
$ 357.45 million
-2.80%
13 Aerodrome AERO $ 0.335
$ 309.46M
$ 309.46 million
-7.43%
14 Sun SUN $ 0.0160
$ 307.59M
$ 307.59 million
+0.62%
15 MX Token MX $ 1.82
$ 167.40M
$ 167.40 million
-1.17%
16 Raydium RAY $ 0.589
$ 158.20M
$ 158.20 million
-3.61%
17 THORChain RUNE $ 0.423
$ 148.40M
$ 148.40 million
-3.68%
18 BitMart Token BMX $ 0.316
$ 103.13M
$ 103.13 million
-0.92%
19 FTX Token FTT $ 0.284
$ 93.34M
$ 93.34 million
-2.93%
20 SUSHI SUSHI $ 0.200
$ 58.51M
$ 58.51 million
-2.81%
21 Gemini dollar GUSD $ 1.00
$ 47.10M
$ 47.10 million
+0.05%
22 Loopring LRC $ 0.0320
$ 43.82M
$ 43.82 million
-0.53%
23 LCX LCX $ 0.0442
$ 41.98M
$ 41.98 million
-5.26%
24 THENA THE $ 0.264
$ 32.91M
$ 32.91 million
-1.52%
25 Osmosis OSMO $ 0.0332
$ 25.43M
$ 25.43 million
-2.73%
26 VVS Finance VVS $ 0.0₅150
$ 24.14M
$ 24.14 million
-0.58%
27 Rujira RUJI $ 0.298
$ 22.20M
$ 22.20 million
+10.18%
28 Velodrome Finance VELO $ 0.0161
$ 17.69M
$ 17.69 million
-7.13%
29 Cetus CETUS $ 0.0162
$ 14.75M
$ 14.75 million
-3.31%
30 DODO DODO $ 0.0138
$ 10.73M
$ 10.73 million
-5.97%
31 Minswap MIN $ 0.00594
$ 10.44M
$ 10.44 million
-1.45%
32 Balancer BAL $ 0.151
$ 10.26M
$ 10.26 million
-7.34%
33 Maverick Protocol MAV $ 0.0139
$ 10.00M
$ 10.00 million
+2.40%
34 JOE JOE $ 0.0373
$ 8.17M
$ 8.17 million
-3.77%
35 Quickswap[New] QUICK $ 0.00997
$ 7.39M
$ 7.39 million
-3.63%
36 Bluefin BLUE $ 0.0186
$ 7.36M
$ 7.36 million
-1.45%
37 IDEX IDEX $ 0.00687
$ 6.87M
$ 6.87 million
+0.89%
38 Pangolin PNG $ 0.0264
$ 6.08M
$ 6.08 million
-8.04%
39 HTX HTX $ 0.0₅160
$ 3.02M
$ 3.02 million
+0.48%

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

40 Huobi Token HT $ 0.180
$ 90.20M
$ 90.20 million
-5.10%
41 KUB Coin KUB $ 0.954
$ 84.92M
$ 84.92 million
+0.05%
42 THORSwap THOR $ 0.0611
$ 30.56M
$ 30.56 million
-5.86%
43 THORChain Yield TCY $ 0.129
$ 27.01M
$ 27.01 million
-4.99%
44 Bitrue Coin BTR $ 0.0185
$ 14.80M
$ 14.80 million
+1.18%
45 WazirX WRX $ 0.0315
$ 13.22M
$ 13.22 million
+5.13%
46 ASD ASD $ 0.0168
$ 12.51M
$ 12.51 million
-3.61%
47 MCDex MCB $ 1.86
$ 8.95M
$ 8.95 million
-0.10%
48 CoinEx Token CET $ 0.0294
$ 5.91M
$ 5.91 million
+0.49%
49 Camelot Token GRAIL $ 86.42
$ 2.10M
$ 2.10 million
-5.97%
50 Time TIME $ 2.81
$ 2.00M
$ 2.00 million
-0.66%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Rujira RUJI $ 0.298
$ 22.20M
$ 22.20 million
+10.18%
Maverick Protocol MAV $ 0.0139
$ 10.00M
$ 10.00 million
+2.40%
Hyperliquid HYPE $ 31.23
$ 9.36B
$ 9.36 billion
+2.16%
IDEX IDEX $ 0.00687
$ 6.87M
$ 6.87 million
+0.89%
Sun SUN $ 0.0160
$ 307.59M
$ 307.59 million
+0.62%
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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