#TradingPairs101 In the world of financial markets, especially in cryptocurrency and forex, a trading pair is fundamental to how assets are exchanged.
What is a Trading Pair?
A trading pair consists of two different assets (currencies, cryptocurrencies, commodities, etc.) that can be traded against each other on an exchange. It shows the value of one asset relative to another.
Format: Trading pairs are typically displayed as BASE/QUOTE.
* Base Asset (or Base Currency): This is the first asset listed in the pair. It's the asset you are buying or selling.
* Quote Asset (or Quote Currency): This is the second asset listed. It's the asset you are using to perform the transaction, and the price of the pair tells you how much of the quote asset is needed to buy one unit of the base$BTC