#TradingPairs101
Trading Pairs are assets that can be exchanged directly on trading platforms. A pair consists of two assets, one of which is used to buy the other. For example, in the BTC/USDT pair, USDT (Tether) is used to buy or sell Bitcoin (BTC). Trading pairs make it easier for users to know the price of a certain asset compared to another. There are pairs against stablecoins (like ETH/USDT), others against digital currencies (like ETH/BTC), and pairs against fiat currencies (like BTC/USD). The importance of trading pairs lies in determining how to enter or exit a trade and providing multiple options for comparing assets. Trading pairs vary from one platform to another, and the choice of pair depends on liquidity, fees, and market movement. Understanding trading pairs is essential for making smart trading decisions.
