#TradingPairs101 💱 #TradingPairs101 – Understanding Cryptocurrency Trading Pairs
In the world of cryptocurrency trading, trading pairs are essential. They determine which asset you are buying and which asset you are selling. Here’s a breakdown:
🔄 What is a trading pair?
A trading pair represents two different currencies that can be traded against each other.
Format: Base/Quote
Base currency: The first currency in the pair (what you are buying or selling).
Quote currency: The second currency (what you use to measure the value of the base currency).
📘 Example: BTC/USDC
You are trading Bitcoin (BTC) against **US Dollar (USDC)
