Crypto 101: Trading Pairs and Quote Currencies
The price of the same coin can vary slightly when quoted in different currencies. If the gap gets wide enough, arbitrage traders step in and bring the prices back in line.
Buying BTC/USDT means using USDT to buy BTC; selling means exchanging BTC for USDT.
No homework for today’s lesson, but the market could spring a pop quiz on you at any moment.
Quick peek: $BTC is at 82910.01, 24h: -0.65%.
#BTC
The price of the same coin can vary slightly when quoted in different currencies. If the gap gets wide enough, arbitrage traders step in and bring the prices back in line.
Buying BTC/USDT means using USDT to buy BTC; selling means exchanging BTC for USDT.
No homework for today’s lesson, but the market could spring a pop quiz on you at any moment.
Quick peek: $BTC is at 82910.01, 24h: -0.65%.
#BTC