CET CoinEx Rank #620

CoinEx Token (CET) is the native utility token of CoinEx Chain, a public blockchain launched by the CoinEx exchange ecosystem. Issued in January 2018, CET is designed to operate within a network specifically built to support decentralized exchange (DEX) functionality, with the mainnet having gone live in November 2019. CoinEx Chain functions as a Layer 1 (L1) smart contract platform, aiming to provide the infrastructure needed for on-chain trading and decentralized finance operations. Within this ecosystem, CET is used to facilitate transactions, pay network fees, and support activities related to the decentralized exchange and its associated services. The chain is also positioned within the broader Ethereum ecosystem, reflecting interoperability considerations common to modern smart contract networks. As an exchange-based token tied to a dedicated DEX-oriented blockchain, CET represents a hybrid model that bridges centralized exchange origins with decentralized infrastructure. Its primary use case centers on powering activity across CoinEx Chain, including trading operations, governance participation, and utility functions tied to the platform's decentralized financial services.