🔸 In the trading world, the concept of "Trading Pair" is used to identify the assets that can be exchanged with one another on the platform.
For example, in the BTC/USDT pair, you are trading Bitcoin against Tether.
🔍 How does a trading pair work?
The first currency (BTC) is known as the base currency.
The second currency (USDT) is the quote currency.
The price represents the number of units of the second currency required to purchase one unit of the base currency.
🧩 Types of trading pairs:
Fiat Pairs: such as BTC/USD or ETH/EUR.
Crypto Pairs: such as ETH/BTC or SOL/BNB.