CEX
4.46%
0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
4 BNB 4BNB | $716.12 | 2.00% | −3.52% | −9.35% | $94.18 B | $94.27 B | $709.79 M | |||
15 LEO 15LEO Token | $9.32 | 0.32% | −1.16% | 4.70% | $8.57 B | $9.21 B | $88,498.00 | |||
34 CRO 34Cronos | $0.05224 | 1.83% | −2.32% | −24.50% | $2.65 B | $5.18 B | $2.86 M | |||
38 OKB 38OKB | $110.47 | 1.55% | −0.44% | −12.48% | $2.32 B | $2.32 B | $13.12 M | |||
50 MNT 50Mantle | $0.4707 | 1.76% | −5.11% | −28.04% | $1.55 B | $2.93 B | $18.01 M | |||
56 BGB 56Bitget Token | $1.75 | 0.64% | −5.30% | −13.07% | $1.23 B | $1.60 B | $10.39 M | |||
63 KCS 63KuCoin Token | $7.49 | 2.87% | −1.39% | −0.96% | $1.05 B | $1.06 B | $2.76 M | |||
64 GT 64GateToken | $9.96 | 4.30% | 2.80% | −12.00% | $1.04 B | $1.38 B | $6.13 M | |||
101 WBT 101WhiteBIT Coin | $77.69 | 3.02% | 0.81% | −9.05% | $9.22 B | $22.83 B | $195.07 M | |||
120 BP 120Backpack | $1.03 | 14.77% | 4.11% | −14.34% | $258.25 M | $1.03 B | $6.37 M | |||
175 MX 175MX Token | $1.60 | 1.52% | 1.41% | −15.21% | $147.46 M | $657.30 M | $2.39 M | |||
190 VSN 190Vision | $0.03576 | 0.54% | −7.54% | −17.78% | $131.13 M | $147.22 M | $642,291.62 | |||
253 FTT 253FTX Token | $0.2363 | −1.30% | 0.01% | −7.64% | $77.72 M | $77.65 M | $481,577.67 | |||
460 NOW 460ChangeNOW | $0.3984 | 2.98% | 3.97% | −5.21% | $33.79 M | $79.59 M | $10,567.29 | |||
538 XT 538XT.com Token | $4.76 | 2.81% | −0.42% | −10.69% | $28.80 M | $4.76 B | $9.51 M | |||
604 BCE 604bitcastle Token | $0.05961 | 1.90% | 7.45% | 70.04% | $23.84 M | $59.61 M | $472.49 | |||
623 WOO 623WOO | $0.01219 | 0.03% | 18.44% | −9.18% | $23.02 M | $23.01 M | $950,268.42 | |||
779 MAX 779MAX Token | $0.2272 | −0.41% | −3.96% | −11.61% | $15.75 M | $64.75 M | $37,419.00 | |||
812 HT 812HTX Token | $0.1341 | 3.18% | −4.33% | −10.91% | $14.67 M | $27.35 M | $1,169.90 | |||
830 YNG 830Young | $0.5211 | 0.64% | 0.60% | −9.00% | $14.07 M | $52.11 M | $10,362.33 | |||
886 MBG 886MBG By Multibank Group | $0.1025 | 0.07% | −0.11% | −0.36% | $12.59 M | $102.50 M | $6.18 M | |||
1112 TKO 1112Tokocrypto | $0.046 | −0.89% | −4.69% | −22.69% | $8.30 M | $22.69 M | $151,325.11 | |||
1171 WRX 1171WazirX | $0.01955 | 4.19% | −3.69% | −17.18% | $7.47 M | $18.82 M | $5,560.41 | |||
1382 KLV 1382Klever | $0.000548 | −1.03% | −1.77% | −20.36% | $4.87 M | $5.49 M | $81,224.58 | |||
1438 MBC 1438MonbaseCoin | $0.02372 | 3.20% | −4.61% | −25.32% | $4.50 M | $4.50 M | $38,803.00 | |||
2217 SOLCEX 2217SolCex | $0.001726 | 0.09% | −3.77% | −14.20% | $1.35 M | $1.73 M | $47,621.08 | |||
3778 BEXC 3778XCoin | $0.3455 | 1.14% | −0.32% | −2.91% | $241,949.15 | $51.82 M | $580,124.00 | |||
4174 EYED 4174Eyed Exchange | $0.000191 | 12.54% | −2.74% | −51.89% | $169,354.87 | $188,454.87 | $3,916.25 | |||
4288 TOKERO 4288TOKERO | $0.001344 | 0.83% | −2.47% | −11.81% | $154,548.04 | $1.34 M | $1,082.97 | |||
5215 VOLT 5215Voltage Finance | $0.00000837 | −4.01% | −21.04% | −42.78% | $73,050.19 | $72,035.62 | $100.63 | |||
5353 ZIX 5353Coinzix | $0.00001105 | 266.86% | 187.55% | −33.16% | $53,288.42 | $80,520.00 | $38,649.81 | |||
5627 $QNTM 5627Quan2um | $0.0000775 | 10.21% | −0.55% | −55.82% | $53,741.19 | $77,498.96 | $1,147.45 | |||
7276 4TB 72764TB Coin | $0.0002296 | 0.01% | 0.01% | −0.06% | $16,072.00 | $16,072.00 | $204.07 | |||
9223 DFT 9223DigiFinex | $0.005935 | 0.05% | −4.78% | −13.71% | -- | $12.46 M | $574,968.00 | |||
9230 TIOX 9230Trade Token X | $0.0265 | 0.79% | 5.08% | 7.22% | -- | $5.92 M | $178.08 | |||
9244 ONE 9244One | $0.000359 | −10.62% | −16.01% | −6.23% | -- | $4.56 M | $141,558.00 | |||
9260 ZAIF 9260Zaif Token | $0.00009349 | 5.69% | 6.17% | −9.40% | -- | -- | $155.18 | |||
9350 MDX 9350Mandala Exchange Token | $0.000151 | 4.09% | −23.27% | −42.99% | -- | $60,400.00 | $41.02 | |||
10602 PT 10602Phemex Token | $0.2845 | 2.21% | −3.90% | −10.80% | -- | $278.76 M | $139,415.00 | |||
11298 XBO 11298$XBO Token | $0.06783 | 0.79% | −0.24% | −13.50% | -- | $84.79 M | $247,646.00 |
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.