How Does CoinEx Token CET Compare With Other Crypto Exchange Tokens?

CoinEx Token (CET) differs from BNB, OKB and KCS mainly in supply policy and the way exchange activity feeds token use. CET started with 10 billion tokens in 2018; by July 2, 2026, CoinEx reported 7.51 billion burned and about 2.45 billion remaining. CoinEx allocates 20% of daily trading-fee income to CET repurchases and burns the purchased tokens monthly. BNB had 133.17 million tokens remaining after its July 2026 quarterly burn, OKB fixed supply at 21 million in 2025, while KCS works toward a 100 million supply target. CET therefore follows a more open-ended contraction schedule than its major peers.

CET entered circulation in January 2018, originally under Ethereum's ERC-20 standard before moving to CoinEx Smart Chain, where it is used for network gas. On the exchange, CET can pay trading fees at preferential rates, contribute toward VIP eligibility and provide access to platform programs. The combination matters when comparing exchange tokens because holding demand is not based on one function alone: exchange activity and blockchain use both consume or encourage holding of the same asset.

Supply history separates CET from most of the group. CoinEx issued 10 billion CET, but only 2,450,060,895.08 remained as of July 2, 2026. Reported cumulative burns reached 7,510,648,473.10 CET, equivalent to about 75.1% of the original issuance, while cumulative market repurchases stood at 2,429,668,418.24 CET.

The difference between cumulative burns and cumulative repurchases comes from CET's earlier distribution and supply-management history. CoinEx used several channels, including airdrops, fee rebates, promotions and team allocations. After CET supply fell to 3 billion, CoinEx adopted its continuing arrangement in March 2021: 20% of platform trading-fee income is used for repurchases, with purchased CET removed monthly and the stated process continuing toward zero supply.

Recent figures show how much the monthly amount can change:

From March to June 2026, the monthly number of CET removed rose from 9.49 million to 27.25 million, an increase of roughly 187%. June alone reduced the July 2 remaining supply by about 1.1%. The dollar amount grew less quickly because token price affects how many CET a fixed amount of repurchase spending can acquire.

A CET burn should therefore be read with two numbers rather than one: trading-fee income determines the repurchase budget, while CET's market price affects how many tokens that budget can buy.

BNB takes a different route. The BNB Auto-Burn is quarterly and works toward reducing supply to 100 million BNB rather than zero. On July 15, 2026, the 36th quarterly burn removed 1,615,827.795 BNB, worth about $931.7 million at the time, leaving 133,166,127.91 BNB. That single event removed roughly 1.2% of the post-burn supply.

BNB also has much broader on-chain usage. It pays transaction fees across BNB Smart Chain and participates in the wider BNB Chain environment, including opBNB and BNB Greenfield. BNB Chain reported in 2026 that BSC had reduced block intervals to 450 milliseconds and benchmark throughput had approached 5,200 transactions per second, giving BNB a network-use base substantially larger than a token used mainly around a centralized exchange.

CET still follows the same exchange-plus-chain pattern, since it serves as gas on CoinEx Smart Chain, but its supply policy is more closely tied to exchange fee income. BNB's current Auto-Burn uses an automatic mechanism rather than allocating a stated 20% share of Binance trading fees. For CET holders, CoinEx business activity therefore has a more visible relationship with the monthly repurchase amount.

OKB provides an even sharper contrast. In August 2025, OKX announced a one-time removal of 65,256,712.097 OKB accumulated through historical repurchases and reserves. Afterward, total OKB supply was fixed at 21 million, while minting and manual burning functions were removed from the upgraded smart contract.

OKB also became the sole native gas token of X Layer under the 2025 update. Its scarcity model is therefore largely predetermined: users know the 21 million total supply rather than estimating future reductions from exchange income. CET remains dependent on repeated monthly purchases, so its future supply path changes with fee revenue and CET's purchase price.

KCS sits closer to CET structurally. KuCoin introduced KCS with an initial 200 million supply and has stated a long-term plan to reduce total supply to 100 million. Its burn schedule moved from quarterly to monthly in 2022, placing supply reduction on a more frequent calendar than BNB while preserving a fixed stopping point.

The comparison can be reduced to four measurable supply structures:

• CET: 10 billion initially issued; about 75.1% burned by July 2, 2026; 20% of daily trading-fee income allocated to repurchases; stated burn destination is zero.

• BNB: quarterly Auto-Burn; 133.17 million remained after the 36th burn in July 2026; long-term target is 100 million.

• OKB: 65.26 million removed in one operation in August 2025; supply subsequently fixed at 21 million.

• KCS: 200 million initial supply; monthly burn program; stated final supply target is 100 million.

Supply policy, however, only covers one side of comparison. Exchange tokens need recurring uses because a smaller token count by itself does not create additional users. CET covers trading-fee payment, VIP access, promotional participation, CoinEx Smart Chain gas and staking-related services, so its practical use extends beyond holding it for future scarcity.

One newer route is CoinEx Staking Earn, which gives users a staking entry point within the CoinEx environment. CoinEx's CET page also lists CET staking as an on-chain staking channel alongside CoinEx Mining. For users already keeping CET for exchange privileges, staking adds another use without changing the 20% monthly repurchase arrangement.

Trading discounts can matter more to frequent users than token supply statistics. A trader generating $100,000 of monthly volume will react differently to a fee reduction than a holder making two trades per year. CET's exchange utility therefore depends partly on how much a user trades, borrows, joins platform programs or uses CoinEx Smart Chain rather than simply on the number of CET held.

BNB has the strongest separation from this exchange-only dependence. By 2026, BNB was used for gas and governance across a multi-chain network, while its July burn removed around $931.7 million of BNB. A person can need BNB for an on-chain transaction without trading through Binance, reducing the link between token use and one centralized trading account.

OKB is moving in a comparable direction through X Layer, but with a much smaller fixed supply. After the August 2025 restructuring, 21 million OKB became the permanent total, and Ethereum L1 OKB was gradually phased out in favor of X Layer. Its supply can no longer contract through the recurring manual burns used in earlier years.

CET takes the opposite approach: supply remains a changing figure. Between April 2 and July 2, 2026, reported remaining CET fell from 2,506,139,904.81 to 2,450,060,895.08, a decline of about 2.24% in three months. Over the same period, March, April, May and June burn announcements provide public transaction IDs, allowing individual removal events to be checked on-chain.

Fixed supply makes future token count easier to estimate; recurring burns make future token count dependent on future exchange activity and market prices.

That distinction also changes how CET should be compared with KCS. Both use regular supply reduction and both remain associated with exchange activity, but KCS stops at a planned 100 million tokens. CET's published arrangement has no positive final supply number after CoinEx changed the policy in 2021, leaving the pace of future reduction more important than a predetermined endpoint.

Burn percentages should not be treated as price forecasts. CET had removed about 75.1% of original issuance by July 2026, yet price still depends on buyers, sellers, liquidity, platform usage and the wider crypto market. A 1% monthly supply reduction cannot guarantee a 1% price increase because market demand does not remain constant.

The same limitation applies to BNB's 1.616 million-token July 2026 burn and OKB's 65.257 million-token 2025 one-time burn. Token removal changes available supply; it does not specify what market participants will pay. Comparing exchange tokens on burn size alone therefore leaves out trading utility, network activity, staking use, liquidity and the platform's ability to retain active users.

For CET, the most useful numbers to watch are monthly fee-funded repurchases, remaining supply and actual use across CoinEx services. June 2026's 27.25 million CET burn was about 2.87 times March's 9.49 million, while remaining supply had already fallen below 25% of the original 10 billion issuance. Those figures provide a measurable basis for comparing CET with BNB's 100 million target, OKB's fixed 21 million supply and KCS's 100 million destination without treating four exchange tokens as if they followed the same economic design.