$CFX The CFX/USDT coin pair represents Conflux (CFX) traded against Tether (USDT). This means you can buy or sell CFX using USDT, or vice versa, on cryptocurrency exchanges that support this pair. USDT is a stablecoin pegged to the US dollar, making CFX/USDT a common trading pair for price discovery and trading.
Here's a more detailed breakdown:
• Conflux (CFX):
CFX is the native cryptocurrency of the Conflux network, a public, permissionless blockchain. It's used for transaction fees, staking, and governance participation.
• Tether (USDT):
USDT is a stablecoin designed to maintain a 1:1 peg with the US dollar. It's widely used in cryptocurrency trading as a reliable store of value and for trading against other cryptocurrencies.
• CFX/USDT Pair:
The CFX/USDT pair allows users to trade Conflux tokens for Tether, and vice versa. This is a popular pair on many cryptocurrency exchanges, allowing users to speculate on the price of CFX using a stable asset like USDT.
Example:
If the price of CFX is $0.20 USDT, it means you can buy 1 CFX for 0.20 USDT, or sell 1 CFX for 0.20 USDT.
Where to find the pair:
The CFX/USDT pair is available on various cryptocurrency exchanges, including Binance. #BinanceSquareTalks