#TradingPairs101

Trading pairs allow you to trade one asset for another on an exchange. In cryptocurrency, pairs like BTC/LTC or ETH/BCH enable traders to exchange assets. This concept is crucial for buying certain crypto currencies and exploiting arbitrage opportunities.

How Trading Pairs Work:

- Compare costs between assets

- Illustrate relative worth of specific assets

- Offer pairing options based on currencies you possess

Types of Trading Pairs:

- Cryptocurrency Pairs: BTC, ETH, and other popular crypto currencies serve as base currencies

- Fiat Pairs: Paired with currencies like USD

Benefits:

- Expand crypto holdings

- Profit from price differences between markets

- Hedge sector and market risk with strategies like pairs trading$BTC $XRP $LTC