#TradingPairs101 Trading pairs refer to the two assets being exchanged in a trade. Here's a breakdown:
- *Cryptocurrency Pairs*: Typically consist of a cryptocurrency (e.g., Bitcoin) and a fiat currency (e.g., USD) or another cryptocurrency (e.g., ETH/BTC).
- *Pair Notation*: Usually denoted as BASE/QUOTE (e.g., BTC/USDT), where the base asset is being traded for the quote asset.
- *Pair Types*:
- *Major Pairs*: Frequently traded pairs with high liquidity, such as BTC/USDT or ETH/USD.
- *Minor Pairs*: Less frequently traded pairs with lower liquidity.
- *Importance*: Understanding trading pairs is crucial for navigating cryptocurrency markets and making informed trading decisions.
Would you like more information on trading pairs or cryptocurrency markets [1][3]?