Exchange is a regulated marketplace or digital platform that facilitates organized and standardized trading across various asset classes. These specialized venues serve as centralized hubs where buyers and sellers can transact securities, commodities, derivatives, and digital currencies under established rules and protocols. As vital infrastructure in global financial systems, exchanges enhance market efficiency by providing liquidity, transparent pricing mechanisms, and secure settlement processes. Their standardized frameworks ensure fair access while maintaining transaction integrity through robust oversight and operational safeguards.

Updated：2025-03-31