$TREE

A **coin pair tree** is a visual or logical structure that represents how various cryptocurrencies are interconnected through trading pairs. In crypto trading, coins are often exchanged using intermediary pairs like USDT, BTC, or ETH. A coin pair tree helps traders understand the conversion path between different assets. For example, to convert MATIC to ADA, a trader might go through MATIC/USDT → USDT/ADA. This structure is useful for spotting arbitrage opportunities, analyzing market depth, or planning efficient trades. Centralized exchanges like Binance or decentralized ones like Uniswap use similar logic to manage pair routing and ensure smooth asset swaps.