đď¸ Crypto Basics | Trading Pairs and Quote Currencies
¡ Key points: Common quote currencies on exchanges include stablecoins such as USDT, USDC, and FDUSD, as well as trading markets quoted in BTC and BNB.
¡ Why: Trading pairs quoted in stablecoins are priced roughly in US dollars, so theyâre most commonly used to assess a coinâs value.
¡ In practice: Before buying the same coin with different quote currencies, compare the prices and market depth of a few trading pairs.
$BTC 76836.01ďź-1.84%ďź
¡ Key points: Common quote currencies on exchanges include stablecoins such as USDT, USDC, and FDUSD, as well as trading markets quoted in BTC and BNB.
¡ Why: Trading pairs quoted in stablecoins are priced roughly in US dollars, so theyâre most commonly used to assess a coinâs value.
¡ In practice: Before buying the same coin with different quote currencies, compare the prices and market depth of a few trading pairs.
$BTC 76836.01ďź-1.84%ďź