#TradingPairs101 A trading pair represents two currencies that can be exchanged for one another on an exchange. For example, BNB/USDT means you’re trading Binance Coin (BNB) against Tether (USDT). If you buy BNB using USDT, you’re betting that BNB will rise in value relative to USDT. Understanding trading pairs is essential because not all coins are paired directly—you might need to convert through major coins like BTC or ETH. Always consider liquidity, spreads, and fees when choosing a pair. The right trading pair can impact your entry/exit timing and profit margins, especially in volatile markets. Know your pair before you trade.