Centralized exchange (CEX) tokens are unique digital assets created by centralized trading platforms.
These tokens typically offer holders benefits like trading fee discounts, staking incentives, governance privileges, and utilities specific to the platform. The characteristics of these tokens can differ significantly in terms of circulation, trading volume, and the exchanges on which they are listed.
Below, you’ll find detailed profiles of five noteworthy CEX or exchange-associated tokens, each currently boasting a market cap of under (or around) $2 million.
Note: This list is not sorted in any specific order.
ProBit Token (PROB)
ProBit Token serves as the native asset of ProBit Global, a centralized exchange that offers fee discounts, access to VIP tiers, and benefits from token sales. PROB enhances user involvement with governance and staking rewards.
The token is also crucial for ProBit’s referral program, incentivizing users to invite friends to the platform and encouraging community growth. Additionally, PROB is a valuable component of trading competitions, allowing participants to leverage their holdings for a competitive edge and potential rewards.
Moreover, users can utilize PROB to purchase various cryptocurrencies on the ProBit Global platform, enhancing their trading flexibility. The token is also involved in governance, permitting holders to influence decisions that shape the platform’s direction.
- Price: $0.038541
- 24-Hour Volume: $170,233
- Market Cap: $1.71M
Exchanges Traded: Probit Global
OpenOcean (OOE)
OpenOcean is a cross-chain DEX aggregator that connects liquidity across major blockchains, including Ethereum, BNB Chain, Polygon, and Solana. It provides users with low-slippage, fee-free routing (excluding gas fees) and incentives based on the OOE token.
Equipped with a self-developed intelligent algorithm, OpenOcean optimizes swap returns by splitting routes across various liquidity pools while considering price, slippage, and associated costs. As a robust DeFi middleware, OpenOcean also offers extensive APIs for executing swaps, dollar-cost averaging (DCA), limit orders, and meme trading, allowing dApps and developers to incorporate advanced trading features into their platforms seamlessly.
- Price: $0.003948
- 24-Hour Volume: $161,766
- Market Cap: $1.98M
Exchanges Traded: MexC, Gate.io, Kucoin.
EXMO Coin (EXM)
EXMO Coin is the exclusive ERC-20 token of EXMO, a reputable European crypto-fiat exchange operating since 2014. Holders of EXM benefit from reduced trading fees, referral bonuses, and opportunities to earn interest through EXMO’s Earn program.
Within the EXMO platform, EXM serves multiple functions, including payment for services, bonus receipt, and fee reduction. These attributes make it a versatile asset for traders keen on optimizing their benefits on the exchange. The token’s capacity to reduce transaction costs is particularly appealing, enabling users to conduct trades more economically.
- Price: $0.008149
- 24-Hour Volume: $629,649
- Market Cap: $874,991 (circulating supply: 107,375,446 EXM)
Exchanges Traded: Available exclusively on EXMO across various trading pairs, especially EXM/USDT, Uniswap V4.
PowerTrade Fuel (PTF)
PowerTrade Fuel (PTF) is the utility token for the PowerTrade options and derivatives trading platform, built on Avalanche and Ethereum. Traders utilize PTF to access discounted transaction fees, staking rewards, and governance features, analogous to tokens like DYDX.
As the PowerTrade platform expands, featuring over 100,000 active option contracts and robust liquidity across more than 80 altcoins, PTF plays a central role in delivering a modern options trading experience.
- Price: $0.008814
- 24-Hour Volume: $57,658.27
- Market Cap: $205,461 (circulating supply: 23,311,586 PTF)
Exchanges Traded: AscendEX
Globe Derivative Exchange (GDT)
The Globe Derivative Exchange (GDT) token serves as the utility token for an advanced crypto derivatives platform that features ultra-low-latency trading engines built for high-frequency execution. Its technology aims to match the performance standards of traditional exchanges, using L3 cache to run order books for near-instantaneous order matching.
As an advanced cryptocurrency derivatives exchange, Globe has learned from previous generations’ shortcomings and designed an innovative exchange architecture. Its matching and risk engines operate on colocated high-frequency trading hardware, maintaining the entire order book in L3 cache, thereby achieving nanosecond latencies and processing speeds faster than NASDAQ to prevent overloads.
- Price: $0.003396
- 24-Hour Volume: $97.7k
- Market Cap: $540k
Exchanges Traded: Gate.io