CEX
4.47%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
4 BNB 4BNB | $731.49 | 1.31% | −1.79% | 3.59% | $97.40 B | $97.37 B | $579.32 M | |||
16 LEO 16LEO Token | $9.04 | 0.11% | 1.62% | 1.69% | $8.32 B | $8.91 B | $253,671.00 | |||
33 CRO 33Cronos | $0.05876 | 3.33% | −4.40% | 7.29% | $2.91 B | $5.82 B | $5.14 M | |||
36 OKB 36OKB | $119.86 | 1.35% | −7.77% | 8.57% | $2.52 B | $2.51 B | $33.37 M | |||
48 MNT 48Mantle | $0.5415 | 4.50% | −2.13% | −1.23% | $1.79 B | $3.37 B | $13.14 M | |||
56 BGB 56Bitget Token | $1.93 | 0.52% | −0.68% | 1.68% | $1.35 B | $1.76 B | $8.43 M | |||
62 GT 62GateToken | $10.42 | 2.08% | −3.01% | 15.36% | $1.09 B | $1.44 B | $2.76 M | |||
64 KCS 64KuCoin Token | $7.38 | 3.36% | −4.19% | 8.88% | $1.03 B | $1.05 B | $7.94 M | |||
101 WBT 101WhiteBIT Coin | $79.96 | 1.68% | −0.74% | 3.95% | $9.50 B | $23.75 B | $176.51 M | |||
131 BP 131Backpack | $1.03 | 12.45% | −14.85% | 122.64% | $259.00 M | $1.04 B | $5.03 M | |||
170 MX 170MX Token | $1.89 | 1.77% | 0.56% | 8.18% | $174.37 M | $776.74 M | $2.05 M | |||
180 VSN 180Vision | $0.04311 | 2.16% | 0.14% | 2.57% | $158.08 M | $176.95 M | $1.71 M | |||
270 FTT 270FTX Token | $0.253 | 3.04% | 3.38% | 29.18% | $83.21 M | $82.55 M | $849,241.00 | |||
562 NOW 562ChangeNOW | $0.3759 | 3.01% | −2.13% | −4.13% | $31.88 M | $75.09 M | $3,847.04 | |||
592 XT 592XT.com Token | $4.96 | 2.06% | −2.00% | 7.61% | $29.99 M | $4.96 B | $9.07 M | |||
717 WOO 717WOO | $0.01155 | 2.61% | −6.82% | 11.49% | $21.82 M | $21.78 M | $1.58 M | |||
840 MAX 840MAX Token | $0.241 | −2.70% | −5.68% | −7.17% | $16.71 M | $68.69 M | $204,841.00 | |||
845 BCE 845bitcastle Token | $0.04076 | −30.99% | 25.47% | −31.63% | $16.30 M | $40.76 M | $306.35 | |||
867 HT 867HTX Token | $0.1436 | −0.53% | 0.52% | −2.30% | $15.72 M | $29.37 M | $33,389.29 | |||
905 YNG 905Young | $0.5437 | 0.98% | −1.41% | −7.95% | $14.68 M | $54.37 M | $11,007.85 | |||
978 MBG 978MBG By Multibank Group | $0.1041 | 0.09% | 0.92% | 1.25% | $12.78 M | $103.90 M | $7.61 M | |||
1134 TKO 1134Tokocrypto | $0.0531 | 1.74% | −5.71% | 8.80% | $9.59 M | $26.17 M | $283,241.17 | |||
1191 WRX 1191WazirX | $0.0227 | 2.96% | 71.57% | 0.34% | $8.67 M | $21.85 M | $10,405.31 | |||
1463 KLV 1463Klever | $0.000593 | −3.53% | −9.47% | 0.29% | $5.27 M | $5.94 M | $184,942.07 | |||
1591 MBC 1591MonbaseCoin | $0.02277 | 1.77% | −5.87% | 28.71% | $4.32 M | $4.32 M | $36,744.00 | |||
2298 SOLCEX 2298SolCex | $0.001868 | 6.11% | −3.39% | −46.95% | $1.46 M | $1.87 M | $39,999.05 | |||
3767 EYED 3767Eyed Exchange | $0.0003399 | 22.10% | −20.37% | 189.74% | $301,380.75 | $335,370.75 | $17,210.96 | |||
3999 BEXC 3999XCoin | $0.3513 | −0.65% | −3.59% | 0.07% | $246,010.82 | $52.70 M | $562,791.00 | |||
4525 TOKERO 4525TOKERO | $0.001408 | 5.00% | −5.31% | −13.35% | $161,907.57 | $1.41 M | $1,161.31 | |||
4835 VOLT 4835Voltage Finance | $0.00001439 | −1.64% | −12.11% | −13.31% | $125,590.48 | $123,846.19 | $57.76 | |||
5417 $QNTM 5417Quan2um | $0.0001167 | −0.56% | −27.25% | −47.64% | $81,273.97 | $116,698.48 | $3.24 | |||
5846 ZIX 5846Coinzix | $0.00001174 | −7.54% | −27.03% | −43.96% | $56,618.28 | $72,840.00 | $1,552.16 | |||
6410 BMEX 6410BitMEX | $0.000392 | 68.87% | 14.08% | 12.14% | $39,101.99 | $38,901.11 | $19.30 | |||
7625 4TB 76254TB Coin | $0.0002296 | 0.00% | −0.05% | −0.08% | $16,072.00 | $16,072.00 | $209.48 | |||
9748 DGTX 9748Digitex Token | $0.00000219 | 0.80% | −0.16% | 15.78% | -- | $20,148.00 | $43.44 | |||
9749 DFT 9749DigiFinex | $0.006793 | 0.02% | −1.16% | −1.18% | -- | $14.27 M | $258,567.00 | |||
9757 TIOX 9757Trade Token X | $0.02585 | 3.36% | 7.11% | 2.62% | -- | $5.78 M | $340.73 | |||
9772 ONE 9772One | $0.0004501 | 0.26% | 0.57% | 44.90% | -- | $5.71 M | $149,825.00 | |||
9790 ZAIF 9790Zaif Token | $0.00009949 | 8.08% | 5.61% | −11.44% | -- | -- | $201.24 | |||
9871 MDX 9871Mandala Exchange Token | $0.0002107 | 3.44% | −20.44% | −21.54% | -- | $84,280.00 | $3.21 | |||
10013 GDT 10013Globe Derivative Exchange | $0.001684 | 3.04% | 3.75% | 1.24% | -- | $673,600.00 | $2.21 | |||
11091 PT 11091Phemex Token | $0.2706 | 2.14% | −10.11% | −13.55% | -- | $265.14 M | $113,109.00 | |||
11848 XBO 11848$XBO Token | $0.06852 | 0.49% | −0.22% | −8.78% | -- | $85.65 M | $261,340.00 |
Frequently Asked Questions
What are Centralized Exchange (CEX) tokens?
Centralized Exchange (CEX) tokens are utility tokens issued and managed by centralized crypto exchanges such as Binance, OKX, and Bitfinex. CEX tokens grant holders trading-fee discounts of 10-50%, priority launchpad access, and staking rewards. The defining value mechanic of CEX tokens is buyback-and-burn funded by exchange revenue, tying supply contraction directly to platform trading volume. Leading examples include BNB (Binance), LEO (Bitfinex), and OKB (OKX). DropsTab tracks 50+ CEX token projects with price, tokenomics, and burn data.
How do CEX tokens reduce trading fees?
CEX tokens reduce trading fees by granting holders tiered discounts when fees are paid in the exchange's native token. Discounts typically range from 10% to 50%, scaling with holdings and trading volume. OKB grants OKX users fee discounts of up to 40%. KuCoin pioneered the fee-discount model in 2017 with KCS. Fee discounts create recurring buy demand, since active traders accumulate the token to lower costs, linking CEX token demand directly to exchange trading activity.
Do CEX tokens pay revenue share or dividends?
Most CEX tokens deliver revenue exposure through buyback-and-burn rather than direct dividend payments. KuCoin originated the revenue-share model in 2017, distributing roughly 50% of trading-fee revenue to KCS holders as a daily bonus. GateToken (GT) and WhiteBIT Coin (WBT) offer similar holder-reward structures. Direct dividends carry securities-regulation risk, so newer exchanges favor burn-based deflation over cash distribution. Revenue-share and burn models both convert exchange profitability into token-holder value, but neither model grants governance rights over the exchange.
How does buyback-and-burn affect CEX token value?
Buyback-and-burn permanently removes CEX tokens from circulating supply using exchange revenue, making the token structurally deflationary. The mechanism ties supply contraction directly to platform profitability, since higher trading volume funds larger burns. LEO commits at least 27% of iFinex consolidated gross revenue to continuous buyback-and-burn until 100% of supply is retired. BNB uses a quarterly Auto-Burn plus BEP-95 real-time gas burn, targeting reduction to 100 million BNB. OKB locked supply permanently to 21 million in August 2025.
Which projects lead the CEX token category by market cap?
BNB (Binance) leads the CEX token category as the largest exchange token by market cap, doubling as gas for BNB Smart Chain. LEO (Bitfinex) and OKB (OKX) rank among the top constituents by market-cap rank. CRO (Crypto.com) serves as the native asset of the Cronos chain. Also notable are BGB (Bitget), KCS (KuCoin), GT (Gate.io), and WBT (WhiteBIT). DropsTab ranks 50+ CEX tokens by market cap, with filters for burn mechanics and fee structure.
What is the difference between a CEX token and a DEX token?
A CEX token is issued by a centralized exchange and grants fee discounts and launchpad access, while a DEX token is issued by a decentralized protocol and typically confers governance voting rights. CEX tokens generally give holders no vote over the issuing platform. CEX token value depends on the solvency and revenue of a single corporate issuer. DEX token value derives from on-chain protocol fees and treasury governance. BNB and OKB are CEX tokens; UNI and CRV are DEX tokens.
Are centralized exchange tokens a risky investment?
Centralized exchange tokens carry concentrated counterparty risk, since a CEX token's value is inseparable from its issuing exchange. The FTT/FTX collapse in November 2022 is the anchor case: Alameda Research held roughly 40% of its balance sheet in illiquid FTT, and a $5B withdrawal run exposed an $8B shortfall that sent FTT near zero. Regulatory action can impair a CEX token, as seen with WazirX (WRX) and HTX. Diversifying across issuers mitigates single-platform failure risk.
How does chain-token convergence affect CEX tokens?
Chain-token convergence increasingly blurs the line between CEX tokens and Layer-1/Layer-2 coins. BNB (BNB Smart Chain), CRO (Cronos), and MNT (Mantle L2) now derive value from on-chain activity and gas demand, not only exchange fee discounts. Chain-token convergence diversifies a token's value drivers beyond a single exchange's revenue, reducing pure counterparty dependence. OKB's August 2025 lock to a permanent 21 million supply signals a maturing scarcity-endpoint model that competing exchanges may follow.
Where can investors track CEX tokens on DropsTab?
DropsTab tracks 50+ CEX token projects through a category scanner with filters for market cap, fee-discount structure, and burn mechanics. The platform aggregates tokenomics, supply schedules, and on-chain burn data for constituents including BNB, LEO, OKB, and CRO. Investors compare burn cadence and remaining supply runway side by side, weighing OKB's fixed 21 million cap against BNB's 100 million target. Drops Bot delivers alerts on burn-schedule milestones and new launchpad cycles.