Exchange Tokens

147 coins #18

Exchange tokens offer reduced trading fees and other benefits on centralized exchanges. More

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# Coins Live Price Market cap 24h
1 BNB BNB $ 614.41
$ 81.80B
$ 81.80 billion
+1.01%
2 Hyperliquid HYPE $ 55.69
$ 16.65B
$ 16.65 billion
+0.66%
3 LEO LEO $ 9.10
$ 8.37B
$ 8.37 billion
-3.21%
4 Cronos CRO $ 0.0469
$ 2.22B
$ 2.22 billion
-0.17%
5 Uniswap UNI $ 3.53
$ 2.20B
$ 2.20 billion
-9.29%
6 OKB OKB $ 95.58
$ 2.01B
$ 2.01 billion
-0.19%
7 HTX HTX $ 0.0₅183
$ 1.64B
$ 1.64 billion
-0.07%
8 Bitget Token BGB $ 1.68
$ 1.17B
$ 1.17 billion
+1.39%
9 KuCoin Token KCS $ 6.67
$ 914.86M
$ 914.86 million
-0.73%
10 GateToken GT $ 6.73
$ 740.65M
$ 740.65 million
-0.22%
11 Jupiter JUP $ 0.173
$ 574.25M
$ 574.25 million
-4.30%
12 PancakeSwap CAKE $ 1.45
$ 467.00M
$ 467.00 million
-0.29%
13 Curve DAO Token CRV $ 0.276
$ 426.41M
$ 426.41 million
+3.74%
14 Aerodrome AERO $ 0.421
$ 409.08M
$ 409.08 million
-1.09%
15 Sun SUN $ 0.0182
$ 350.50M
$ 350.50 million
-0.31%
16 Raydium RAY $ 0.636
$ 171.52M
$ 171.52 million
+0.57%
17 MX Token MX $ 1.65
$ 151.48M
$ 151.48 million
-0.49%
18 THORChain RUNE $ 0.428
$ 144.66M
$ 144.66 million
-0.84%
19 FTX Token FTT $ 0.201
$ 66.03M
$ 66.03 million
+2.85%
20 KUB Coin KUB $ 0.543
$ 48.49M
$ 48.49 million
-0.47%
21 SUSHI SUSHI $ 0.163
$ 47.76M
$ 47.76 million
-0.06%
22 Gemini dollar GUSD $ 1.00
$ 30.85M
$ 30.85 million
-0.01%
23 Osmosis OSMO $ 0.0303
$ 23.80M
$ 23.80 million
-0.45%
24 Velodrome Finance VELO $ 0.0172
$ 21.94M
$ 21.94 million
-1.65%
25 Cetus CETUS $ 0.0195
$ 18.73M
$ 18.73 million
-0.84%
26 DODO DODO $ 0.0238
$ 18.40M
$ 18.40 million
+14.16%
27 Quickswap[New] QUICK $ 0.00811
$ 15.30M
$ 15.30 million
-1.00%
28 Loopring LRC $ 0.00936
$ 12.81M
$ 12.81 million
-2.84%
29 Maverick Protocol MAV $ 0.00884
$ 9.26M
$ 9.26 million
-11.03%
30 THENA THE $ 0.0589
$ 8.41M
$ 8.41 million
-4.90%
31 Balancer BAL $ 0.106
$ 7.31M
$ 7.31 million
-1.12%
32 JOE JOE $ 0.0275
$ 6.01M
$ 6.01 million
+1.67%
33 Minswap MIN $ 0.00310
$ 5.33M
$ 5.33 million
-0.46%
34 Pangolin PNG $ 0.0202
$ 4.76M
$ 4.76 million
+0.50%
35 Bluefin BLUE $ 0.00773
$ 4.27M
$ 4.27 million
-3.73%
36 SAROS SAROS $ 0.000304
$ 951,659
$ 951,659
+1.35%

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

37 BTSE Token BTSE $ 0.875
$ 141.81M
$ 141.81 million
+2.60%
38 THORChain Yield TCY $ 0.129
$ 27.07M
$ 27.07 million
+3.65%
39 THORSwap THOR $ 0.0452
$ 22.59M
$ 22.59 million
+7.07%
40 Huobi Token HT $ 0.0380
$ 19.00M
$ 19.00 million
-61.01%
41 BitMart Token BMX $ 0.0576
$ 18.79M
$ 18.79 million
+0.17%
42 Rujira RUJI $ 0.179
$ 13.33M
$ 13.33 million
-1.71%
43 VVS Finance VVS $ 0.0₆811
$ 13.06M
$ 13.06 million
-0.57%
44 MCDex MCB $ 2.07
$ 9.96M
$ 9.96 million
-0.14%
45 Bitrue Coin BTR $ 0.00928
$ 7.44M
$ 7.44 million
-0.54%
46 WazirX WRX $ 0.0143
$ 6.00M
$ 6.00 million
-10.44%
47 Time TIME $ 7.28
$ 5.17M
$ 5.17 million
-1.21%
48 LCX LCX $ 0.0152
$ 3.89M
$ 3.89 million
+2.49%
49 CoinEx Token CET $ 0.0119
$ 2.39M
$ 2.39 million
+1.60%
50 THORChain (ERC20) RUNE $ 0.426
$ 1.47M
$ 1.47 million
-0.98%
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Trending Exchange Tokens

Top Gainers
Coins Live Price Market cap 24h
DODO DODO $ 0.0238
$ 18.40M
$ 18.40 million
+14.16%
Curve DAO Token CRV $ 0.276
$ 426.41M
$ 426.41 million
+3.74%
FTX Token FTT $ 0.201
$ 66.03M
$ 66.03 million
+2.85%
JOE JOE $ 0.0275
$ 6.01M
$ 6.01 million
+1.67%
Bitget Token BGB $ 1.68
$ 1.17B
$ 1.17 billion
+1.39%
All Gainers

Market Cap

$ -- --%
Pro Chart

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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