Crypto is back in the spotlight for 2025, but this time it’s different. After months of violent corrections, traders and investors want more than simply price increases. Tokens issued by exchanges are now gaining popularity because of their evident utility rather than hype. These native tokens are growing into multi-purpose assets that drive platform innovations, encourage user involvement, and even serve as a bridge to regulated finance.
The five tokens listed here, from old CEX classics to a new token with rich TradFi origins, should be on your 2025 crypto watch list.
What you'll learn 👉
Gate Token (GT)
GateToken (GT) powers the Gate.io exchange and its GateChain network. GT holders get lower trading costs and early access to upcoming token auctions. They also get governance privileges, which let them vote on key platform issues like listing approvals and protocol improvements.
A deflationary tokenomics paradigm serves as the foundation for these benefits. Gate.io began with 300 million GT, but fewer than 100 million are still in circulation now. Each quarter, the platform spends 15% of its income on buying back and burning GT, gradually diminishing supply and hoping to enhance scarcity and potential value over time.
MBG Token
MultiBank Group’s MBG token enters a new era of exchange-issued assets by merging TradFi rigor and crypto innovation. MultiBank handled over $4.5 trillion in trade volume in 2024, owns 17 regulatory licenses in significant markets (including VARA in Dubai and ASIC in Australia), and serves over 2 million customers in over 100 countries.
The MBG ecosystem consists of three key platforms. MultiBank FX, the group’s primary CFD trading arm, manages $35 billion in daily volume and trades currencies, commodities, indices, and cryptocurrency with complete regulatory control. MEX Exchange is an institutional ECN designed for deep liquidity in emerging markets, with an estimated daily volume of $40 billion and a target of $460 billion within five years.
Finally, MultiBank.io provides a regulated digital-asset exchange and custody service, including spot and derivative trading, staking, fiat on-ramps, and a flawless security grade.
MBG holders receive fee savings, monthly use awards, and access to unique IEOs. The token is also essential to a historic $3 billion real-world asset deal—the biggest RWA tokenization to date—that brings luxury Dubai properties on-chain. To increase scarcity, up to half of MBG’s entire supply will be repurchased and burned, dependent on platform activity.
In an industry seeking legitimacy, MBG stands out as a link between traditional banking and the promise of blockchain.
KuCoin token (KCS)
KuCoin Token (KCS) combines utility and passive income. Holders can use KCS to pay trading costs and save up to 20%. Simply holding KCS grants you daily incentives financed by a portion of the exchange’s trading revenues.
In addition to fee reductions, KCS provides early access to KuCoin Spotlight token offerings and accepts a variety of payment methods, including trip reservations, gambling, and retail.
KCS has a deflationary model: KuCoin uses a percentage of its net income to buy back KCS tokens, which are subsequently permanently burned. The objective is to cut overall supply from 200 million to 100 million, thereby increasing scarcity and perhaps driving long-term value. This combination of real-world utility and restricted supply makes KCS a popular choice among traders looking for both incentives and income sharing.
BitGet Token (BGB)
Bitget’s BGB is the native token for the Bitget exchange and its integrated wallet ecosystem. BGB is utilized for functions, including trading, paying fees, participating in platform activities, and staking for additional rewards. It also powers Bitget’s social trading capabilities, which enable users to mimic elite traders.
Originally limited to 2 billion tokens, 25% were traded for BGB by early BFT holders. To maintain scarcity, Bitget conducts quarterly burns, which remove tokens from circulation.
BGB holders get tiered privileges such as fee savings on spot and derivatives, priority access to airdrops, and invites to special events. By integrating BGB into spot, futures, and DeFi services, Bitget guarantees that the token stays crucial to the growth of its ecosystem.
HTX Token (HT)
The HTX Token (HT) originated from the original Huobi Token and is an ERC-20 asset on the Ethereum network. It is a key component of the HTX exchange, providing trading cost savings and access to platform-specific services. HT holders also receive voting rights in the HTX DAO, which allows them to influence governance choices.
To promote scarcity, HTX routinely burns tokens following platform activity. The token’s integration goes beyond trading: HT is accepted for utilities in the HTX ecosystem, and its ERC-20 standard enables interaction with other DeFi protocols.
With HTX’s increased focus on worldwide expansion, particularly in Latin America, Southeast Asia, and the Middle East, HT remains a high-risk, high-reward token for investors interested in regional growth plans.
Final Words
As cryptocurrency approaches its next phase, exchange tokens are evolving from basic loyalty marks to full-featured utility assets. They now provide fee reduction, income sharing, governance, and even real-world asset tokenization.
Among these five, MBG distinguishes itself by combining institutional reputation with blockchain innovation. However, each token symbolizes the industry’s transformation: real use cases and long-term tokenomics now determine value instead of speculative excitement.
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