Centralized Exchange (CEX) tokens are blockchain-based assets issued by regulated platforms like Binance, KuCoin, and Coinbase to enhance user engagement and ecosystem growth. These tokens serve multiple purposes, including reducing trading fees, granting access to exclusive token sales, and enabling governance participation in exchange decision-making. Popular options like Binance Coin (BNB) dominate the market with over $80 billion in market capitalization, offering utility within their respective exchange ecosystems. CEX tokens operate under strict regulatory frameworks, adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to ensure secure transactions and compliance with traditional financial standards. Exchanges use these tokens to incentivize liquidity provision, boost trading activity, and reward active participants who promote platform stability and scalability. The global CEX token market currently exceeds $150 billion in value, showcasing significant adoption and trust in centralized exchange ecosystems. Users often benefit from lower transaction costs and integrated financial tools like futures trading, margin lending, and staking opportunities. These tokens differ from decentralized exchange (DEX) utilities by centralizing control with platform operators, who manage order books, custody user funds, and prioritize security through multi-signature wallets and insurance protections. While offering high liquidity and faster trade execution, CEX tokens remain vulnerable to market volatility and regulatory changes affecting centralized platforms.