#TradingPairs101

In cryptocurrency trading, a trading pair represents the exchange rate between two assets. For example, the BTC/USDT pair allows traders to exchange Bitcoin (BTC) for Tether (USDT). Understanding trading pairs is crucial for navigating the markets effectively.

- *Base asset*: The first asset in the pair (e.g., BTC in BTC/USDT).

- *Quote asset*: The second asset in the pair (e.g., USDT in BTC/USDT).

- *Exchange rate*: The price of the base asset in terms of the quote asset.

Trading pairs can be categorized into major, minor, and exotic pairs. Major pairs typically involve widely traded assets, while minor and exotic pairs may be less liquid. By grasping the concept of trading pairs, traders can better analyze market trends and make informed decisions.Btc