#TradingPairs101

A crypto trading pair represents the exchange rate between two different cryptocurrencies, or a cryptocurrency and a fiat currency. For example, BTC/USDT signifies the value of Bitcoin expressed in Tether, a popular stablecoin. The first currency in the pair (e.g., BTC) is the "base currency," while the second (e.g., USDT) is the "quote currency." When you see a price like 65,000 for BTC/USDT, it means one Bitcoin is worth 65,000 Tether. Traders use these pairs to speculate on the relative price movements of one asset against the other. Understanding the base and quote currency is crucial for interpreting prices, calculating profits or losses, and making informed decisions in the volatile crypto market.