On Binance, a "trading pair" is the basis for every cryptocurrency transaction. It indicates the exchange relationship between two digital assets, for example BTC/USDT. The first asset (BTC) is the "base," while the second (USDT) is the "quote currency." This means that the price shown for BTC/USDT indicates how many USDT are needed to purchase 1 BTC.

Binance offers hundreds of these pairs, allowing users to trade a wide variety of cryptocurrencies with each other or with stablecoins (like USDT) and fiat currencies. Understanding trading pairs is essential for navigating the market and placing specific buy or sell orders.

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