Exchange Tokens

69 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 $ 913.60
$ 125.84B
$ 125.84 billion
+0.81%
2 LEO LEO $ 9.31
$ 8.58B
$ 8.58 billion
+2.39%
3 Hyperliquid HYPE $ 26.88
$ 8.10B
$ 8.10 billion
+2.16%
4 WhiteBIT Coin WBT $ 58.29
$ 5.07B
$ 5.07 billion
+0.38%
5 Uniswap UNI $ 6.19
$ 4.45B
$ 4.45 billion
+5.45%
6 Cronos CRO $ 0.109
$ 4.21B
$ 4.21 billion
+3.55%
7 Bitget Token BGB $ 3.59
$ 2.51B
$ 2.51 billion
+0.13%
8 OKB OKB $ 115.03
$ 2.42B
$ 2.42 billion
+0.60%
9 KuCoin Token KCS $ 11.54
$ 1.52B
$ 1.52 billion
+2.84%
10 GateToken GT $ 10.65
$ 854.32M
$ 854.32 million
+1.33%
11 Jupiter JUP $ 0.233
$ 742.73M
$ 742.73 million
+8.56%
12 PancakeSwap CAKE $ 2.08
$ 698.85M
$ 698.85 million
+0.92%
13 Curve DAO Token CRV $ 0.430
$ 628.09M
$ 628.09 million
+2.48%
14 Aerodrome AERO $ 0.611
$ 557.17M
$ 557.17 million
+3.05%
15 Sun SUN $ 0.0202
$ 387.95M
$ 387.95 million
+1.77%
16 Raydium RAY $ 1.24
$ 333.56M
$ 333.56 million
+9.40%
17 THORChain RUNE $ 0.604
$ 211.86M
$ 211.86 million
+1.97%
18 MX Token MX $ 2.08
$ 192.61M
$ 192.61 million
+0.15%
19 FTX Token FTT $ 0.546
$ 179.61M
$ 179.61 million
+2.26%
20 KUB Coin KUB $ 1.27
$ 113.24M
$ 113.24 million
+0.53%
21 SUSHI SUSHI $ 0.355
$ 103.68M
$ 103.68 million
+7.57%
22 Loopring LRC $ 0.0546
$ 74.75M
$ 74.75 million
+3.93%
23 Liechtenstein Cryptoassets Exchange LCX $ 0.0727
$ 69.05M
$ 69.05 million
+4.57%
24 Osmosis OSMO $ 0.0605
$ 45.82M
$ 45.82 million
+10.97%
25 Gemini dollar GUSD $ 1.00
$ 45.47M
$ 45.47 million
-0.03%
26 Balancer BAL $ 0.565
$ 37.53M
$ 37.53 million
+0.82%
27 VVS Finance VVS $ 0.0₅217
$ 35.00M
$ 35.00 million
+3.14%
28 Rujira RUJI $ 0.383
$ 28.56M
$ 28.56 million
+26.53%
29 THENA THE $ 0.214
$ 27.24M
$ 27.24 million
+0.91%
30 Velodrome Finance VELO $ 0.0241
$ 25.79M
$ 25.79 million
+8.11%
31 Maverick Protocol MAV $ 0.0290
$ 19.33M
$ 19.33 million
+5.05%
32 Minswap MIN $ 0.0105
$ 18.34M
$ 18.34 million
+7.33%
33 JOE JOE $ 0.0723
$ 15.83M
$ 15.83 million
+0.75%
34 DODO DODO $ 0.0198
$ 15.20M
$ 15.20 million
+6.18%
35 Bluefin BLUE $ 0.0386
$ 12.74M
$ 12.74 million
-0.26%
36 Cetus CETUS $ 0.0302
$ 10.19M
$ 10.19 million
+16.23%
37 IDEX IDEX $ 0.00974
$ 9.74M
$ 9.74 million
+3.82%
38 Quickswap[New] QUICK $ 0.0128
$ 9.47M
$ 9.47 million
+4.11%
39 Pangolin PNG $ 0.0411
$ 9.16M
$ 9.16 million
+14.61%
40 HTX HTX $ 0.0₅168
$ 3.14M
$ 3.14 million
+0.07%
41 Time TIME $ 4.08
$ 2.90M
$ 2.90 million
-0.25%

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

42 BitMart Token BMX $ 0.360
$ 68.48M
$ 68.48 million
-1.35%
43 Huobi Token HT $ 0.102
$ 51.00M
$ 51.00 million
-4.67%
44 THORSwap THOR $ 0.0693
$ 34.64M
$ 34.64 million
-0.60%
45 THORChain Yield TCY $ 0.135
$ 28.43M
$ 28.43 million
+3.30%
46 WazirX WRX $ 0.0515
$ 21.60M
$ 21.60 million
-2.35%
47 Bitrue Coin BTR $ 0.0260
$ 20.83M
$ 20.83 million
+2.82%
48 ASD ASD $ 0.0191
$ 14.17M
$ 14.17 million
-6.61%
49 MCDex MCB $ 2.30
$ 11.03M
$ 11.03 million
-1.68%
50 CoinEx Token CET $ 0.0352
$ 7.09M
$ 7.09 million
+0.26%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Rujira RUJI $ 0.383
$ 28.56M
$ 28.56 million
+26.53%
Cetus CETUS $ 0.0302
$ 10.19M
$ 10.19 million
+16.23%
Pangolin PNG $ 0.0411
$ 9.16M
$ 9.16 million
+14.61%
Osmosis OSMO $ 0.0605
$ 45.82M
$ 45.82 million
+10.97%
Raydium RAY $ 1.24
$ 333.56M
$ 333.56 million
+9.40%
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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