In this article, I will discuss the Top Centralized Exchange (CEX) Token Coins in the crypto-world as it encompasses numerous ecosystems.
These tokens give perks such as reduced trading fees, rewards for staking, and access to certain features on the platform.
The ever-growing centralized exchanges have been increasing their value as branded tokens, further increasing their importance among traders and investors.
Key Point & Top Centralized Exchange (CEX) Token Coins List
| Token | Exchange | Key Points |
|---|---|---|
| BNB (Binance Coin) | Binance | Reduced trading fees, participation in token sales, utility across Binance ecosystem |
| OKB | OKX | Reduced trading fees, access to OKX Jumpstart, staking and DeFi applications |
| HT (Huobi Token) | Huobi | Reduced trading fees, VIP membership benefits, voting rights, token airdrops |
| KCS (KuCoin Token) | KuCoin | Reduced trading fees, staking rewards, VIP services, participation in token sales |
| LEO (UNUS SED LEO) | Bitfinex | Reduced trading fees, token burns, access to Bitfinex services, VIP benefits |
| GT (GateToken) | Gate.io | Reduced trading fees, participation in token sales, staking, VIP membership benefits |
| CRO (Cronos) | Crypto.com | Reduced trading fees, staking rewards, access to Crypto.com services, DeFi applications |
| MX (MX Token) | MEXC Global | Reduced trading fees, participation in token sales, VIP membership benefits, voting rights |
| BTSE Token | BTSE | Reduced trading fees, access to BTSE services, VIP membership benefits, staking |
| BGB (Bitget Token) | Bitget | Reduced trading fees, staking rewards, VIP membership benefits, participation in token sales |
1.BNB (Binance Coin) – Binance
BNB is the best performing CEX token due to its manifold of uses in the Binance ecosystem like trading discounts, launchpad access, and even governance on BNB Chain.
Its value is also amplified by strong liquidity, deflationary token burn policies, and widespread adoption.
The encompassing value of BNB in all of Binance’s products and services, and within DeFi and NFT markets, gives BNB the edge over competitors XTZ, THETA, FIL, or FTM.
| Feature | BNB (Binance Coin) |
|---|---|
| Blockchain | Binance Chain, Binance Smart Chain |
| Stability | Utility token for Binance ecosystem |
| Transaction Fees | Reduced fees on Binance exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits |
2.OKB – OKX
As an integral part of the OKX ecosystem, OKB, an exchange token for okx, has cemented itself as one of the top tokens in centralized exchanges as it comes with perks like access to discounted token trades, token sales, and preemptive staking rewards.
Its main benefit is serving as a utility token in OKX’s expanding DeFi and Web3 ecosystem. It is also highly demanded because of its buyback and burn inflationary methods coupled with its great potential for long term growth.
| Feature | OKB (OKX) |
|---|---|
| Blockchain | OKXChain |
| Stability | Utility token for OKX ecosystem |
| Transaction Fees | Reduced fees on OKX exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, voting rights |
3.HT (Huobi Token) – Huobi
HT (Huobi Token) has become one of the top centralized exchange (CEX) tokens due to its extensive use within supporting the Huobi ecosystem which grants multiple benefits like trading fee deductions, VIP perks, and even premier access to undisclosed token listings.
The main selling point for traders is the value of HT and it’s liquidity due to Huobi’s global presence and dominance.
On top of that, strategic token burns done by Huobi greatly reduces supply, which increases the long-term value of HT, firmly establishing it as one of the top competitors in CEX tokens.
| Feature | HT (Huobi Token) |
|---|---|
| Blockchain | Ethereum (ERC20) |
| Stability | Utility token for Huobi ecosystem |
| Transaction Fees | Reduced fees on Huobi exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, voting rights |
4.KCS (KuCoin Token) – KuCoin
KCS (KuCoin Token) KuCoin is a highly regarded exchange token, often ranking among the top centralised exchanges.
This has been made possible through their unique profit-sharing system where KCS holders receive daily dividends which other CEX tokens do not offer.
On top of this, KCS offers trading benefits like fee reductions and VIP access to new coin listings. Thanks to KCS and KuCoin’s growing international footprint and ecosystem, KuCoin is beneficial to virtually all investors and traders.
| Feature | KCS (KuCoin Token) |
|---|---|
| Blockchain | Ethereum (ERC20), KuCoin Community Chain (KCC) |
| Stability | Utility token for KuCoin ecosystem |
| Transaction Fees | Reduced fees on KuCoin exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, staking, voting rights |
5.LEO (UNUS SED LEO) – Bitfinex
UNUS SED LEO (LEO) is among the top CEX tokens because of its role in the ecosystem of Bitfinex since it provides trading fee discounts, along with other special features on the platform.
Its edge is the continual appreciation of value which is guaranteed by revenue from exchange as in Bitfinex’s token buyback policy.
LEO is also different from other CEX tokens because it is multi chain compatible, thus expanding its utility and making it a prominent token in the crypto trading business.
| Feature | LEO (UNUS SED LEO) |
|---|---|
| Blockchain | Ethereum (ERC20), EOS |
| Stability | Utility token for Bitfinex ecosystem |
| Transaction Fees | Reduced fees on Bitfinex exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, voting rights |
6.GT (GateToken) – Gate.io
As a top-performing centralized exchange (CEX) token, GT (GateToken) has notable value in Gate.io because it provides discounts on trades, facilitates VIP access to tokens, and even allows users to participate in exclusive sales.
The strength of GateToken lies in Gate.io’s ability to capture value from growth in emerging cryptocurrencies, thus GT holders can gain preferential access to new opportunities.
Furthermore, GateToken GT’s buyback and burn strategy creates greater scarcity, which, enhances the long-term value of GT within the Gate.io platform.
| Feature | GT (GateToken) |
|---|---|
| Blockchain | GateChain |
| Stability | Utility token for Gate.io ecosystem |
| Transaction Fees | Reduced fees on Gate.io exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, staking, voting rights |
7.CRO (Cronos) – Crypto.com
CRO (Cronos), a token of a Centralized exchange, is popular due to Crypto.com’s ecosystem which integrates it deeply for transactions, staking, and rewarding users.
CRO is empowered by its blockchain duality – it is both a CEX token and the native asset of the Cronos blockchain, where DeFi, NFTs and dApp development are done.
This combined with Crypto.com’s expansion in every corner of the globe establishes a strong value for CRO for users and investors alike.
| Feature | CRO (Cronos) |
|---|---|
| Blockchain | Cronos Chain, Ethereum (ERC20) |
| Stability | Utility token for Crypto.com ecosystem |
| Transaction Fees | Reduced fees on Crypto.com exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, staking, voting rights |
8.MX (MX Token) – MEXC Global
MX’s usefulness within the MEXC Global ecosystem and the ability to trade the token are some of the reasons that led to its listing as a top centralized exchange (CEX) token.
Discounts on trading fees, voting on important issues within the platform, and participating in token sales are other advantages. The biggest MX holder’s advantage is that MEXC focuses on buying and listing early stage crypto tokens which have the potential to grow into high-value projects.
Moreover, the platform’s token buyback and burn system generates scarcity and value MX, alongside the demand for the token increasing over time.
| Feature | MX (MX Token) |
|---|---|
| Blockchain | Ethereum (ERC20) |
| Stability | Utility token for MEXC Global ecosystem |
| Transaction Fees | Reduced fees on MEXC Global exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, voting rights |
9.BTSE Token – BTSE
BTSE Token is a leading Centralized Exchange (CEX) Token because of its support for a variety of assets and its integration into the BTSE platform which offers trading discounts, yield farming, and cross-chain utilities.
Being BTSE Token’s strongest trait, this functionality increases the Token’s accessibility and overall liquidity since it can be used on multiple blockchains.
Moreover, BTSE focus in capturing the value of the gap between traditional finance and crypto markets grants BTSE Token a competitive edge in this rapidly changing world of digital assets.
| Feature | BTSE Token |
|---|---|
| Blockchain | Ethereum (ERC20), Liquid Network |
| Stability | Utility token for BTSE ecosystem |
| Transaction Fees | Reduced fees on BTSE exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, staking, voting rights |
10.BGB (Bitget Token) – Bitget
BGB (Bitget Token) has gained recognition as one of the best centralized exchange (CEX) token because of how well it fits in the Bitget ecosystem, which encompasses discounts on trading fees, rewards for staking, and special services on the platform.
An additonal edge stems from Bitget’s copy trading business model where BGB holders’ receive more perks in social and autopilot trading. Along with the fast worldwide expansion of Bitget, these factors make BGB important for traders and investors.
| Feature | BGB (Bitget Token) |
|---|---|
| Blockchain | Ethereum (ERC20) |
| Stability | Utility token for Bitget ecosystem |
| Transaction Fees | Reduced fees on Bitget exchange |
| Speed | Fast transactions, typically under a minute |
| KYC Requirements | Minimal KYC required for most transactions |
| Use Cases | Trading fee discounts, token airdrops, VIP membership benefits, staking, voting rights |
Conclusion
The leading Centralized Exchanges (CEX) Tokens are crucial to improving user experience through discounting trading fees, offering governance rights, and providing other exclusive benefits on the platform.
Tokens like BNB, OKB, HT, KCS, etc., cater to their respective exchanges and offer many advantages that go beyond mere trading.
Many tokens also come with features like deflationary mechanisms, staking rewards, and even cross chain compatibility, which increases the utility of these tokens long term. These tokens will be key in driving innovation and adoption of CEX platforms in the crypto ecosystem.
