What is a Trading Pair in the Crypto World?
A trading pair is a pair of two assets that can be traded against each other on an exchange, for example:
BTC/USDT($BTC)
ETH/BTC($ETH)
SOL/BNB($SOL)
This pair shows the value of one asset compared to another asset, and is used to determine the exchange rate when buying and selling.
Example & Explanation:
BTC/USDT
This means you are buying or selling Bitcoin (BTC) using USDT (Tether) as the medium of exchange.
If the price of BTC/USDT = 68,000, it means 1 BTC is equivalent to 68,000 USDT.
ETH/BTC
You are trading Ethereum against Bitcoin.
For example, ETH/BTC = 0.05 → 1 ETH is worth 0.05 BTC.
