$BTC A coin pair like BTC/USD refers to a trading pair in the cryptocurrency market, where BTC (Bitcoin) is traded against another currency—often a fiat currency like the US dollar (USD) or another cryptocurrency.
Common BTC Coin Pairs:
BTC/USD – Bitcoin to US Dollar (most widely traded)
BTC/USDT – Bitcoin to Tether (a stablecoin pegged to USD)
BTC/ETH – Bitcoin to Ethereum (popular crypto-to-crypto pair)
BTC/EUR – Bitcoin to Euro
BTC/BNB – Bitcoin to Binance Coin
How Coin Pairs Work:
If you're trading the BTC/USD pair, you're essentially buying Bitcoin with US dollars or selling Bitcoin to receive US dollars. The exchange rate (e.g., 1 BTC = $65,000) indicates how much of the quote currency (USD) you need to buy one unit of the base currency (BTC).
Why BTC Pairs Matter:
Liquidity: BTC pairs usually offer high liquidity and lower spreads.
Market Benchmark: Bitcoin is the benchmark crypto asset, so many altcoins are priced against it.
Strategy: Traders use BTC pairs to hedge, arbitrage, or diversify their portfolios.
