#TradingPairs101 🎯🤔

1️⃣ In the world of crypto, choosing the right trading pair is the first step towards a successful transaction.

For example, the BnB/USDT pair is one of the popular pairs, but it currently reflects a state of "cross liquidations" between short and long positions!

If you are a savvy trader, the choice of the most appropriate pair should be based on liquidity, trading volume, and relative stability.

2️⃣ If you are a beginner, the hashtag #TradingPairs101 represents an ideal starting point to expand your knowledge. Here’s everything you need to know about this vital concept.

💡It is important to know what an asset pair is and generally the platforms or DEXs offer several trading asset pairs, and they are generally the best choice to trade at the best price. Let’s look below at a typical example of what asset pairs are.

4️⃣ Trading pairs refer to two assets that can be exchanged for one another. A pair generally consists of a base currency and a quote currency. For example, in the BnB/USDC pair:

Bnb: is the base currency (what you buy or sell)

USDC: is the quote currency (what you pay or receive)

👉If the price is 675 BNB/USDC, it means that 1 BNB = 675 USDC (USDC).👩‍💻💰

💡👉 It is the stablecoin of the exchangeable quote pair that indicates the price of the traded coin, so above, BNB is worth 675 USDC, the base dollar.