#TradingPairs101 radingPairs101

On Binance, a "trading pair" represents two different assets that can be exchanged for one another. These pairs are the foundation of how trading is conducted on the platform, dictating which cryptocurrency or fiat currency you can buy or sell against another.

Each trading pair consists of a **base currency** and a **quote currency**. For example, in the pair BTC/USDT, Bitcoin (BTC) is the base currency, and Tether (USDT) is the quote currency. The price of this pair indicates how many units of the quote currency (USDT) are needed to buy one unit of the base currency (BTC), or how much of the quote currency you'll receive for selling one unit of the base currency.