An exchange is an organized market where goods, securities, currency, or other assets are bought and sold. There are different types of exchanges:

• Stock exchange — a place where stocks, bonds, and other securities are traded (e.g., New York Stock Exchange, London Stock Exchange).

• Foreign exchange — a platform for exchanging currencies at market rates (e.g., Forex).

• Commodity exchange — trading in raw materials (oil, gas, gold, grain, etc.).

• Cryptocurrency exchange — trading in digital assets (e.g., Binance, Coinbase).

Exchanges help set fair prices and provide liquidity to the market.#USTariffs $BTC