In financial markets like forex or cryptocurrency, "trading pairs" refer to two different assets that can be exchanged for each other. They are typically expressed as "BASE/QUOTE," where the base asset is the one you are buying or selling, and the quote asset is what you are using to make the trade.

For example, in BTC/USDT, Bitcoin (BTC) is the base currency, and Tether (USDT) is the quote currency. If the price is 70,000, it means 1 BTC is worth 70,000 USDT. Traders analyze these pairs to profit from price movements, buying when they expect the base asset to rise against the quote, or selling when they expect it to fall. Understanding trading pairs is fundamental to navigating any exchange.