Crypto trivia 📚 Trading pairs and quote currencies
A trading pair is written as “A/B.” A is called the base asset, and B is the quote currency. The quote shows how much B one unit of A is worth.
The same coin may have slightly different prices when quoted in different currencies. When the price gap widens, arbitrageurs step in and bring the prices back in line.
There’s no homework for this lesson, but the market can give you a pop quiz at any time.
Coin mentioned: $BTC , current price 80249.78, 24h -1.86%.
#BTC
Personal notes only; not investment advice.
A trading pair is written as “A/B.” A is called the base asset, and B is the quote currency. The quote shows how much B one unit of A is worth.
The same coin may have slightly different prices when quoted in different currencies. When the price gap widens, arbitrageurs step in and bring the prices back in line.
There’s no homework for this lesson, but the market can give you a pop quiz at any time.
Coin mentioned: $BTC , current price 80249.78, 24h -1.86%.
#BTC
Personal notes only; not investment advice.