List of All Centralized Exchange Coins
April 2024

What is Centralized Exchange Coins?

Decentralized exchange platforms are widely accepted and used after the development of smart contract compatible blockchains. But there is still a need for centralized exchange platforms and they are still making the biggest share of the crypto market. Centralized Exchanges are private companies that provide users to buy, sell, trade, and exchange their cryptocurrencies on a platform. Centralized Exchanges are also called CEX.

There are two types of centralized exchange coins; Coins with a blockchain and tokens created on the Ethereum blockchain. The main purpose of those coins and tokens is to be used as an intermediary currency on the platform and to reward loyal users. Most of the centralized platforms have utility tokens that provide some benefits for users to enjoy lower fees and reward advantages. Binance is the biggest centralized exchange in the world right now. Coinbase, OKX, Gate.io, and Crypto.com are the major leading centralized exchanges. Some of them have utility tokens, some of them have their own blockchain with a cryptocurrency, and some of them don’t have either.

Centralized Exchange Coins with its blockchain

BNB cryptocurrency started as a utility token of the Binance trading platform and then become a crypto coin with its own blockchain. BNB, Binance Smart Chain, is among the first five biggest cryptocurrencies with its market cap reaching 75 Billion USD. Binance Smart Chain is the most used blockchain with its fast and low-cost transactions after Bitcoin and Ethereum blockchains. BNB is the biggest centralized exchange blockchain and cryptocurrency. The Binance exchange platform burns BNB coins every quarter depending on the company’s revenue. This allows the BNB coin price to go up in long term and be an anti-inflationary coin.

CRO coins power Cronos Chain which is one of the popular blockchains with instant transactions and low fees. CRO was first created as a utility token and used as an intermediary currency for trades and exchanges on the Crypto.com platform. Crypto.com is one of the oldest and most used exchange platforms. Crypto.com was founded in 2016. CRO is among the first 20 cryptocurrencies by market cap size and the second biggest centralized exchange blockchain.

GT, Gate Token is the native token of the Gate.io trade and exchange platform. GT has its blockchain GateChain since 2020. It is relatively new compared to other major centralized exchange blockchains. But GateChain comes with innovative solutions with asset security and safety. The Gate Chain handles abnormal activities on the blockchain and provides custody for users. Gate Token is a decentralized coin.

Centralized Exchange Tokens

Huobi exchange is a centralized exchange platform and was founded in 2013 even before Ethereum was created. Huobi exchange platform has HT tokens as a utility token on the platform. HT tokens provide extra rewards and lower fees on the platform for users. HT tokens are ERC20 tokens created on the Ethereum blockchain and have a limited maximum supply of 500 million tokens.

FTT token is the utility token of the FTX exchange platform. FTX is a centralized exchange platform focusing on derivatives and leveraged products. FTX is a leading exchange platform and is available for US citizens with its separate platform FTX US. They have a similar user interface but the capital structure is different. The founder of the platform is an MIT graduate Sam Bankman-Fried. FTT tokens are ERC20 tokens built on the Ethereum blockchain.

Centralized Exchanges without coin and token

Coinbase is the leading American centralized cryptocurrency exchange platform. Coinbase was headquartered in San Francisco before the pandemic. The company closed its headquarters in San Francisco and now operates completely remote from different locations across the US. Coinbase doesn’t have a utility token or a blockchain, unlike others. Coinbase is one of the most regulated exchange platforms in the US and is available for US citizens.