A Quote is the last price at which an asset traded; it is the most recent price that a buyer and seller agreed upon and at which some amount of the asset was transacted. This definition applies to both real-world assets, like stocks and commodities, as well as virtual assets, like cryptocurrencies.While quotes are useful for providing up-to-date information on prices, they should not be confused with actual prices; rather, they are simply indicative of what someone was willing to pay for an asset at a given time.