A trading pair in cryptocurrency refers to two different types of crypto assets that can be traded directly for one another on an exchange. For example, in the BTC/ETH trading pair, you can exchange Bitcoin (BTC) for Ethereum (ETH) and vice versa. Trading pairs are essential because they determine what currencies you can use to buy or sell a specific crypto asset. They also help traders evaluate the relative value between two coins without converting into fiat. Understanding trading pairs is crucial for navigating crypto markets efficiently and making smart trading decisions.

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