๐ #TradingPair101 : What Are Trading Pairs in Crypto? ๐
In crypto, a trading pair represents the two assets being exchanged in a trade. For example, in the BTC/USDT pair, youโre trading Bitcoin (BTC) against Tether (USDT). This means you're either buying BTC using USDT or selling BTC to receive USDT.
Trading pairs help determine price, liquidity, and accessibility. Popular pairs like ETH/USDC or BNB/BTC often have tighter spreads and higher liquidity, making them more efficient for trading.
Always check the base and quote currencies. The first (base) is what youโre buying/selling; the second (quote) is what youโre using to buy/sell it.
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