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 $ 638.13
$ 87.02B
$ 87.02 billion
+3.52%
2 Hyperliquid HYPE $ 34.16
$ 10.23B
$ 10.23 billion
+11.97%
3 LEO LEO $ 9.22
$ 8.49B
$ 8.49 billion
+2.12%
4 Cronos CRO $ 0.0753
$ 3.10B
$ 3.10 billion
+1.46%
5 Uniswap UNI $ 3.90
$ 2.47B
$ 2.47 billion
+5.39%
6 OKB OKB $ 97.33
$ 2.04B
$ 2.04 billion
-1.35%
7 Bitget Token BGB $ 2.17
$ 1.52B
$ 1.52 billion
+0.60%
8 KuCoin Token KCS $ 8.04
$ 1.06B
$ 1.06 billion
+0.62%
9 GateToken GT $ 7.02
$ 808.10M
$ 808.10 million
+0.34%
10 Jupiter JUP $ 0.163
$ 568.78M
$ 568.78 million
-1.18%
11 PancakeSwap CAKE $ 1.37
$ 453.04M
$ 453.04 million
+4.88%
12 Curve DAO Token CRV $ 0.244
$ 358.46M
$ 358.46 million
+4.71%
13 Sun SUN $ 0.0159
$ 304.72M
$ 304.72 million
-2.77%
14 Aerodrome AERO $ 0.319
$ 295.05M
$ 295.05 million
-0.07%
15 MX Token MX $ 1.79
$ 164.61M
$ 164.61 million
-0.34%
16 Raydium RAY $ 0.596
$ 160.24M
$ 160.24 million
+4.64%
17 THORChain RUNE $ 0.421
$ 147.94M
$ 147.94 million
+2.07%
18 FTX Token FTT $ 0.276
$ 90.61M
$ 90.61 million
+1.70%
19 KUB Coin KUB $ 0.948
$ 84.35M
$ 84.35 million
+1.11%
20 SUSHI SUSHI $ 0.196
$ 57.35M
$ 57.35 million
+2.64%
21 Gemini dollar GUSD $ 1.00
$ 47.09M
$ 47.09 million
+0.01%
22 Loopring LRC $ 0.0311
$ 42.57M
$ 42.57 million
+1.73%
23 LCX LCX $ 0.0448
$ 42.56M
$ 42.56 million
+2.26%
24 THENA THE $ 0.272
$ 33.88M
$ 33.88 million
+4.33%
25 THORSwap THOR $ 0.0652
$ 32.61M
$ 32.61 million
+7.92%
26 Osmosis OSMO $ 0.0331
$ 25.37M
$ 25.37 million
+2.54%
27 VVS Finance VVS $ 0.0₅146
$ 23.47M
$ 23.47 million
+0.70%
28 Velodrome Finance VELO $ 0.0158
$ 17.39M
$ 17.39 million
-0.02%
29 Cetus CETUS $ 0.0162
$ 14.75M
$ 14.75 million
+3.53%
30 DODO DODO $ 0.0140
$ 10.90M
$ 10.90 million
+1.11%
31 Minswap MIN $ 0.00574
$ 10.08M
$ 10.08 million
+0.58%
32 Balancer BAL $ 0.146
$ 9.93M
$ 9.93 million
+0.29%
33 Maverick Protocol MAV $ 0.0137
$ 9.82M
$ 9.82 million
+1.16%
34 JOE JOE $ 0.0377
$ 8.25M
$ 8.25 million
+2.98%
35 Quickswap[New] QUICK $ 0.0103
$ 7.66M
$ 7.66 million
+2.64%
36 IDEX IDEX $ 0.00720
$ 7.20M
$ 7.20 million
+2.75%
37 Bluefin BLUE $ 0.0177
$ 6.99M
$ 6.99 million
+1.16%
38 Pangolin PNG $ 0.0259
$ 5.97M
$ 5.97 million
+3.08%
39 HTX HTX $ 0.0₅159
$ 3.00M
$ 3.00 million
-1.28%

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

40 BitMart Token BMX $ 0.319
$ 104.21M
$ 104.21 million
+1.12%
41 Huobi Token HT $ 0.184
$ 92.10M
$ 92.10 million
+2.22%
42 THORChain Yield TCY $ 0.119
$ 24.98M
$ 24.98 million
-9.01%
43 Rujira RUJI $ 0.275
$ 20.49M
$ 20.49 million
+3.69%
44 Bitrue Coin BTR $ 0.0174
$ 13.94M
$ 13.94 million
-6.86%
45 ASD ASD $ 0.0152
$ 11.30M
$ 11.30 million
-1.11%
46 WazirX WRX $ 0.0261
$ 10.94M
$ 10.94 million
-0.95%
47 CoinEx Token CET $ 0.0298
$ 5.99M
$ 5.99 million
+1.69%
48 LATOKEN LA $ 0.00529
$ 2.12M
$ 2.12 million
+0.00%
49 Time TIME $ 2.96
$ 2.10M
$ 2.10 million
+2.08%
50 Camelot Token GRAIL $ 83.27
$ 2.02M
$ 2.02 million
+0.73%
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Trending Exchange Tokens

Top Gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 34.16
$ 10.23B
$ 10.23 billion
+11.97%
THORSwap THOR $ 0.0652
$ 32.61M
$ 32.61 million
+7.92%
Uniswap UNI $ 3.90
$ 2.47B
$ 2.47 billion
+5.39%
PancakeSwap CAKE $ 1.37
$ 453.04M
$ 453.04 million
+4.88%
Curve DAO Token CRV $ 0.244
$ 358.46M
$ 358.46 million
+4.71%
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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