# | Coins | Price | 24h | ||
---|---|---|---|---|---|
| |||||
| 1 | BNB BNB | $ | -0.13% | |
| 2 | Hyperliquid HYPE | $ | -0.75% | |
| 3 | LEO LEO | $ | +0.85% | |
| 4 | WhiteBIT Coin WBT | $ | -0.63% | |
| 5 | Bitget Token BGB | $ | +4.36% | |
| 6 | Uniswap UNI | $ | -1.44% | |
| 7 | OKB OKB | $ | -0.52% | |
| 8 | Cronos CRO | $ | -1.34% | |
| 9 | GateToken GT | $ | -2.51% | |
| 10 | KuCoin Token KCS | $ | +0.18% | |
| 11 | Jupiter JUP | $ | -2.01% | |
| 12 | PancakeSwap CAKE | $ | -0.94% | |
| 13 | Aerodrome AERO | $ | -4.56% | |
| 14 | Curve DAO Token CRV | $ | -0.66% | |
| 15 | Raydium RAY | $ | -1.72% | |
| 16 | THORChain RUNE | $ | -0.61% | |
| 17 | Sun SUN | $ | -0.61% | |
| 18 | FTX Token FTT | $ | -1.98% | |
| 19 | MX Token MX | $ | -4.80% | |
| 20 | SUSHI SUSHI | $ | -1.46% | |
| 21 | Bitkub Coin KUB | $ | -1.39% | |
| 22 | Liechtenstein Cryptoassets Exchange LCX | $ | -6.24% | |
| 23 | Osmosis OSMO | $ | -1.47% | |
| 24 | Loopring LRC | $ | -1.51% | |
| 25 | Balancer BAL | $ | -2.07% | |
| 26 | Gemini dollar GUSD | $ | -0.01% | |
| 27 | Rujira RUJI | $ | -30.68% | |
| 28 | Velodrome Finance VELO | $ | -1.15% | |
| 29 | Cetus CETUS | $ | -1.27% | |
| 30 | VVS Finance VVS | $ | -1.80% | |
| 31 | JOE JOE | $ | -4.27% | |
| 32 | THENA THE | $ | -2.94% | |
| 33 | Pangolin PNG | $ | +4.41% | |
| 34 | Bluefin BLUE | $ | -1.65% | |
| 35 | Maverick Protocol MAV | $ | -4.78% | |
| 36 | DODO DODO | $ | -3.02% | |
| 37 | IDEX IDEX | $ | -2.37% | |
| 38 | Quickswap[New] QUICK | $ | -1.74% | |
| 39 | Time TIME | $ | -3.47% | |
| 40 | Camelot Token GRAIL | $ | -1.00% | |
| 41 | HTX HTX | $ | -0.67% | |
| 42 | BitKan KAN | $ | +2.99% | |
The coins below are ranked lower due to missing data. Learn more | |||||
| 43 | Tokenize Xchange TKX | $ | -0.32% | |
| 44 | Bitpanda Ecosystem Token BEST | $ | +0.00% | |
| 45 | Huobi Token HT | $ | -1.20% | |
| 46 | BitMart Token BMX | $ | -0.37% | |
| 47 | THORChain Yield TCY | $ | +0.12% | |
| 48 | THORSwap THOR | $ | +3.72% | |
| 49 | Bitrue Coin BTR | $ | -0.38% | |
| 50 | ASD ASD | $ | -1.41% |
Trending Exchange tokens
Coins | Price | 24h | |
---|---|---|---|
| Hyperliquid HYPE | $ | -0.75% |
| BNB BNB | $ | -0.13% |
| Uniswap UNI | $ | -1.44% |
| Bitget Token BGB | $ | +4.36% |
| Jupiter JUP | $ | -2.01% |
Top gainers
Coins | Price | 24h | |||
---|---|---|---|---|---|
| Pangolin PNG | $ | +4.41% | ||
| Bitget Token BGB | $ | +4.36% | ||
| BitKan KAN | $ | +2.99% | ||
| LEO LEO | $ | +0.85% | ||
| KuCoin Token KCS | $ | +0.18% | ||
All gainers |
What Are Exchange Tokens?
What are exchange tokens?
An exchange token is the native cryptocurrency specific to CEXs (Centralized Exchanges). While many exchanges have their native tokens, some of the more prominent ones include Binance’s BNB and FTX’s FTT. Other tokens in this category encompass KuCoin (KCS), Huobi Global (HT), and Crypto.com (CRO).
These tokens are minted by exchanges, offering holders access to various benefits such as reduced trading fees or discounts.
What are exchange tokens used for?
Exchanges introduce tokens for multiple purposes, including customer incentives via staking, cost considerations for transactions, capital generation, or governance.
For example, in Binance, the BNB token operates as a governance token for the BNB Chain.
At KuCoin, token holders gain special discounts on trading fees or associated costs. Increased KCS tokens lead to improved discounts.
Token holders can also utilize these tokens to cover transaction fees.
With Crypto.com, CRO token holders access rewards tied to their newly launched credit card, enabling reduced trading fees, lending rewards, and discounts.
For exchanges, having their native token aids in establishing liquidity within the platform, often accomplished through staking. When a user stakes a token like DOT, a CEX rewards them with their exchange token as an appreciation for providing liquidity.
Final thoughts on exchange tokens
It's crucial to conduct thorough due diligence as investments inherently carry risks. The crash of FTX serves as an example, where despite being initially trusted in the cryptocurrency industry with millions of daily traders, an incident with a rival exchange led to its downfall and the subsequent crash of their native token, FTT.
Therefore, if considering holding an exchange token, delve into the exchange's registration and operations before making any investment decisions.
Curious about the array of exchange tokens available?