#OrderTypes101
The term 'trading pairs' in cryptocurrencies refers to trading one currency against another. For example, if you see $BTC/$USDT, it means you are trading Bitcoin (BTC) against Tether (USDT). The first currency (BTC) is what you are buying or selling, while the second currency (USDT) shows the price. If the price of BTC/USDT is 30,000, it means that one Bitcoin is equal to 30,000 USDT.
There are many pairs like ETH/BTC and XRP/USDT, among others. These pairs help traders exchange currencies directly without using regular currencies like the dollar. They also assist users in comparing the value of different currencies.
Using trading pairs simplifies and speeds up trading in the cryptocurrency market. If you know how to use them, you can make better decisions and possibly turn a profit. '101 trading pairs' likely means the availability of a wide range of 101 different pairs to trade, providing more options for traders.