Exchange-based Tokens coins: are they halal?

What is Exchange-based Tokens?

Exchange tokens are native assets issued by centralized cryptocurrency exchanges, typically used for fee discounts, staking, or platform utility.

How CryptoUmmah screens Exchange-based Tokens coins

Riba is the dominant concern here because exchange revenue is very often directly tied to interest-bearing products — margin lending, flexible savings accounts, and yield products the exchange itself offers alongside its core trading business. Our revenue model and interest assessment criteria weigh heavily for this category, since the token's value frequently derives in part from a revenue stream that includes conventional lending activity, even when the token itself isn't a lending instrument. Across the 121 Exchange-based Tokens coins we've screened, the average Shariah compliance score sits at 54.1/100, with 11% classified Halal, 48% Mashbooh, and 41% Haram.