$ETH
Pairing a coin with Ethereum (ETH) creates a trading pair on cryptocurrency exchanges, allowing users to swap the chosen coin directly for ETH and vice versa. This pairing enhances liquidity and market accessibility, especially for altcoins that may not have fiat trading options. By linking to ETH, one of the most widely used and valuable crypto currencies, coins gain broader exposure and can attract more traders. ETH pairs are popular in decentralized finance (DeFi) applications, where trading, staking, and liquidity provision often involve Ethereum. Overall, an ETH trading pair is crucial for a coin’s integration into the broader crypto ecosystem.
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