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 $ 893.17
$ 121.81B
$ 121.81 billion
+0.54%
2 LEO LEO $ 8.97
$ 8.27B
$ 8.27 billion
+1.05%
3 Hyperliquid HYPE $ 23.22
$ 7.00B
$ 7.00 billion
+9.59%
4 Cronos CRO $ 0.0931
$ 3.71B
$ 3.71 billion
+2.07%
5 Uniswap UNI $ 4.89
$ 3.11B
$ 3.11 billion
+0.42%
6 Bitget Token BGB $ 3.64
$ 2.55B
$ 2.55 billion
+0.29%
7 OKB OKB $ 104.06
$ 2.19B
$ 2.19 billion
+0.84%
8 KuCoin Token KCS $ 10.81
$ 1.43B
$ 1.43 billion
+0.80%
9 GateToken GT $ 9.92
$ 1.14B
$ 1.14 billion
+0.41%
10 PancakeSwap CAKE $ 1.93
$ 645.09M
$ 645.09 million
-0.22%
11 Jupiter JUP $ 0.199
$ 636.55M
$ 636.55 million
+1.65%
12 Curve DAO Token CRV $ 0.362
$ 531.20M
$ 531.20 million
-1.72%
13 Aerodrome AERO $ 0.481
$ 439.33M
$ 439.33 million
-0.05%
14 Sun SUN $ 0.0207
$ 397.17M
$ 397.17 million
-1.08%
15 Raydium RAY $ 1.01
$ 271.47M
$ 271.47 million
-0.91%
16 THORChain RUNE $ 0.588
$ 206.43M
$ 206.43 million
-0.11%
17 MX Token MX $ 1.95
$ 179.44M
$ 179.44 million
-0.25%
18 FTX Token FTT $ 0.455
$ 149.48M
$ 149.48 million
-4.53%
19 KUB Coin KUB $ 1.25
$ 111.71M
$ 111.71 million
+0.25%
20 SUSHI SUSHI $ 0.305
$ 89.17M
$ 89.17 million
-1.26%
21 Loopring LRC $ 0.0494
$ 67.57M
$ 67.57 million
+0.51%
22 Gemini dollar GUSD $ 1.00
$ 47.16M
$ 47.16 million
+0.03%
23 Osmosis OSMO $ 0.0535
$ 40.63M
$ 40.63 million
+0.86%
24 Balancer BAL $ 0.499
$ 33.99M
$ 33.99 million
-0.32%
25 THENA THE $ 0.240
$ 30.79M
$ 30.79 million
+0.13%
26 VVS Finance VVS $ 0.0₅188
$ 30.28M
$ 30.28 million
+2.06%
27 Velodrome Finance VELO $ 0.0207
$ 21.92M
$ 21.92 million
+0.06%
28 Cetus CETUS $ 0.0243
$ 21.82M
$ 21.82 million
+2.22%
29 Maverick Protocol MAV $ 0.0261
$ 18.74M
$ 18.74 million
+2.31%
30 DODO DODO $ 0.0174
$ 13.58M
$ 13.58 million
+0.47%
31 Bluefin BLUE $ 0.0323
$ 12.73M
$ 12.73 million
+9.01%
32 JOE JOE $ 0.0578
$ 12.65M
$ 12.65 million
+1.09%
33 IDEX IDEX $ 0.00948
$ 9.48M
$ 9.48 million
-0.59%
34 Quickswap[New] QUICK $ 0.0120
$ 8.89M
$ 8.89 million
+0.85%
35 Pangolin PNG $ 0.0352
$ 7.89M
$ 7.89 million
-0.03%
36 HTX HTX $ 0.0₅178
$ 3.36M
$ 3.36 million
-1.68%
37 Time TIME $ 3.60
$ 2.55M
$ 2.55 million
+4.12%

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

38 Huobi Token HT $ 0.204
$ 102.35M
$ 102.35 million
-0.44%
39 BitMart Token BMX $ 0.364
$ 69.30M
$ 69.30 million
+0.23%
40 Liechtenstein Cryptoassets Exchange LCX $ 0.0558
$ 52.96M
$ 52.96 million
+3.45%
41 THORSwap THOR $ 0.0683
$ 34.16M
$ 34.16 million
-2.12%
42 THORChain Yield TCY $ 0.158
$ 33.25M
$ 33.25 million
+3.43%
43 Rujira RUJI $ 0.293
$ 21.82M
$ 21.82 million
+6.34%
44 WazirX WRX $ 0.0520
$ 21.81M
$ 21.81 million
+5.52%
45 Bitrue Coin BTR $ 0.0246
$ 19.73M
$ 19.73 million
+0.30%
46 Minswap MIN $ 0.00868
$ 15.21M
$ 15.21 million
-0.92%
47 ASD ASD $ 0.0183
$ 13.58M
$ 13.58 million
-0.76%
48 CoinEx Token CET $ 0.0289
$ 5.82M
$ 5.82 million
+0.06%
49 Camelot Token GRAIL $ 115.85
$ 2.80M
$ 2.80 million
-9.45%
50 LATOKEN LA $ 0.00577
$ 2.31M
$ 2.31 million
+13.14%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 23.22
$ 7.00B
$ 7.00 billion
+9.59%
Bluefin BLUE $ 0.0323
$ 12.73M
$ 12.73 million
+9.01%
Time TIME $ 3.60
$ 2.55M
$ 2.55 million
+4.12%
Maverick Protocol MAV $ 0.0261
$ 18.74M
$ 18.74 million
+2.31%
Cetus CETUS $ 0.0243
$ 21.82M
$ 21.82 million
+2.22%
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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