$BTC The term “trading pairs” refers to the asset pair being traded in cryptocurrency, usually one cryptocurrency for another. Cryptocurrency pairs compare the value of one currency to another, specifically the base currency vs. the second one, the so-called quote currency. It informs you how much of the quote currency you’ll need to buy one unit of the base currency, so such pairings help to determine the value of your assets when you’re trading them for other assets.

Traders can exchange their assets for other cryptocurrencies, most commonly BTC, which is still the market leader in terms of market capitalization, or for stablecoins such as USDT, UST, or USDC, which are basically crypto pegged to the US dollar.

Crypto traders can also trade cryptocurrencies against USD or any other fiat currency on well-known exchanges, like Binance or Coinbase. The process will be pretty much the same as for trading one cryptocurrency against another, with the exception that digital assets will be exchanged for fiat currencies like USD, EUR, GBP, ect.