Study Notes | Trading Pairs and Quote Currencies
① The same coin may be quoted slightly differently in different quote currencies. If the price gap gets large, arbitrageurs may step in and bring prices back in line.
② Trading pairs like ETH/BTC are priced in BTC. They show how ETH is performing against BTC, which is different from the USD price of ETH.
③ Before buying the same coin with different quote currencies, you can compare the prices and market depth of several trading pairs.
$BTC 80345.5（-1.8%）
① The same coin may be quoted slightly differently in different quote currencies. If the price gap gets large, arbitrageurs may step in and bring prices back in line.
② Trading pairs like ETH/BTC are priced in BTC. They show how ETH is performing against BTC, which is different from the USD price of ETH.
③ Before buying the same coin with different quote currencies, you can compare the prices and market depth of several trading pairs.
$BTC 80345.5（-1.8%）