$BTC What is a Pair in Crypto and How Do Trading Pairs Work?

Crypto trading pairs work by allowing traders to exchange one crypto for another on an exchange platform. Each pair consists of a base asset and a quote asset. The base asset is the first one listed in the pair, and the quote asset is the second. The price of a trading pair tells you how many units of the quote asset are needed to buy one unit of the base.

For example, let’s take the trading pair BTC/USDT. Here, BTC (Bitcoin) is the base currency, and USDT (Tether) is the quote currency. If the BTC/USDT pair is priced at 30,000, it means that one Bitcoin can be exchanged for 30,000 Tether tokens.