#TradingPairs101

In trading, a trading pair represents two assets that can be exchanged for each other on an exchange. It's quoted as BASE/QUOTE (e.g., BTC/USDT), showing how much of the "quote" currency is needed to buy one unit of the "base" currency.

For instance, BTC/USDT indicates trading Bitcoin (BTC) against Tether (USDT). If the price is 60,000, it means 1 BTC is worth 60,000 USDT. You can buy BTC with USDT or sell BTC for USDT. Understanding pairs is crucial for price discovery, assessing liquidity, and navigating different markets.