> For the complete documentation index, see [llms.txt](https://cmooncoin.gitbook.io/untitled/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cmooncoin.gitbook.io/untitled/token/cexs.md).

# CEXs

A Centralized exchange (CEX) is an entity-owned platform that acts as an intermediary between buyers and sellers of digital currencies, earning a profit through commissions and transaction fees. Following the launch of the $CMOON token and achievement of predetermined milestones, $CMOON tokens will become available to buy or sell through centralized exchanges. For information on centralized exchanges and how they function, review the following links:

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