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 $ 903.95
$ 123.27B
$ 123.27 billion
+2.78%
2 Hyperliquid HYPE $ 34.21
$ 10.31B
$ 10.31 billion
+24.19%
3 LEO LEO $ 9.17
$ 8.45B
$ 8.45 billion
-0.78%
4 Cronos CRO $ 0.0914
$ 3.64B
$ 3.64 billion
+0.90%
5 Uniswap UNI $ 4.83
$ 3.07B
$ 3.07 billion
+3.32%
6 Bitget Token BGB $ 3.59
$ 2.51B
$ 2.51 billion
+0.19%
7 OKB OKB $ 107.20
$ 2.25B
$ 2.25 billion
+3.01%
8 KuCoin Token KCS $ 10.87
$ 1.44B
$ 1.44 billion
+2.31%
9 GateToken GT $ 10.05
$ 1.16B
$ 1.16 billion
+2.25%
10 Jupiter JUP $ 0.226
$ 734.32M
$ 734.32 million
+17.41%
11 PancakeSwap CAKE $ 1.92
$ 641.88M
$ 641.88 million
+1.96%
12 Curve DAO Token CRV $ 0.349
$ 512.60M
$ 512.60 million
+2.21%
13 Aerodrome AERO $ 0.470
$ 428.34M
$ 428.34 million
+6.33%
14 Sun SUN $ 0.0176
$ 338.03M
$ 338.03 million
-1.74%
15 Raydium RAY $ 1.06
$ 283.86M
$ 283.86 million
+9.36%
16 THORChain RUNE $ 0.563
$ 197.50M
$ 197.50 million
-0.20%
17 MX Token MX $ 1.95
$ 178.92M
$ 178.92 million
-0.44%
18 FTX Token FTT $ 0.399
$ 131.10M
$ 131.10 million
-2.18%
19 KUB Coin KUB $ 1.23
$ 109.53M
$ 109.53 million
+0.93%
20 SUSHI SUSHI $ 0.303
$ 88.64M
$ 88.64 million
+2.89%
21 Loopring LRC $ 0.0473
$ 64.66M
$ 64.66 million
+0.71%
22 Liechtenstein Cryptoassets Exchange LCX $ 0.0524
$ 49.74M
$ 49.74 million
-4.48%
23 Gemini dollar GUSD $ 1.00
$ 47.13M
$ 47.13 million
-0.06%
24 Osmosis OSMO $ 0.0506
$ 38.47M
$ 38.47 million
-0.50%
25 Balancer BAL $ 0.497
$ 33.81M
$ 33.81 million
+2.32%
26 THENA THE $ 0.258
$ 33.00M
$ 33.00 million
+5.06%
27 VVS Finance VVS $ 0.0₅184
$ 29.63M
$ 29.63 million
+1.19%
28 Velodrome Finance VELO $ 0.0194
$ 20.52M
$ 20.52 million
+0.79%
29 Cetus CETUS $ 0.0228
$ 20.42M
$ 20.42 million
-0.49%
30 Maverick Protocol MAV $ 0.0250
$ 17.93M
$ 17.93 million
+0.07%
31 DODO DODO $ 0.0187
$ 14.60M
$ 14.60 million
+4.00%
32 JOE JOE $ 0.0541
$ 11.83M
$ 11.83 million
+0.78%
33 Bluefin BLUE $ 0.0296
$ 11.69M
$ 11.69 million
+1.77%
34 IDEX IDEX $ 0.00921
$ 9.21M
$ 9.21 million
+0.77%
35 Quickswap[New] QUICK $ 0.0112
$ 8.32M
$ 8.32 million
+2.48%
36 Pangolin PNG $ 0.0339
$ 7.61M
$ 7.61 million
+1.79%
37 HTX HTX $ 0.0₅176
$ 3.32M
$ 3.32 million
-1.06%
38 Time TIME $ 3.60
$ 2.55M
$ 2.55 million
+1.34%

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

39 Huobi Token HT $ 0.202
$ 101.10M
$ 101.10 million
-2.13%
40 BitMart Token BMX $ 0.371
$ 70.46M
$ 70.46 million
+2.37%
41 THORSwap THOR $ 0.0703
$ 35.13M
$ 35.13 million
+3.20%
42 THORChain Yield TCY $ 0.150
$ 31.59M
$ 31.59 million
-4.80%
43 WazirX WRX $ 0.0507
$ 21.24M
$ 21.24 million
+0.38%
44 Rujira RUJI $ 0.272
$ 20.26M
$ 20.26 million
-1.07%
45 Bitrue Coin BTR $ 0.0242
$ 19.38M
$ 19.38 million
+1.08%
46 Minswap MIN $ 0.00781
$ 13.77M
$ 13.77 million
+1.15%
47 ASD ASD $ 0.0162
$ 12.00M
$ 12.00 million
+2.87%
48 CoinEx Token CET $ 0.0291
$ 5.84M
$ 5.84 million
+0.57%
49 Camelot Token GRAIL $ 110.69
$ 2.70M
$ 2.70 million
+2.41%
50 LATOKEN LA $ 0.00599
$ 2.40M
$ 2.40 million
+3.28%
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Trending Exchange Tokens

Top gainers
Coins Price Market cap 24h
Hyperliquid HYPE $ 34.21
$ 10.31B
$ 10.31 billion
+24.19%
Jupiter JUP $ 0.226
$ 734.32M
$ 734.32 million
+17.41%
Raydium RAY $ 1.06
$ 283.86M
$ 283.86 million
+9.36%
Aerodrome AERO $ 0.470
$ 428.34M
$ 428.34 million
+6.33%
THENA THE $ 0.258
$ 33.00M
$ 33.00 million
+5.06%
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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