🧭 Crypto Basics｜Trading Pairs and Quote Currencies
· Key point: Trading pairs like ETH/BTC are quoted in BTC. They show ETH’s price movement relative to BTC, which is not the same as ETH’s price in US dollars.
· Why: Trading activity varies across pairs. Buying and selling the same coin in a more active pair generally results in smaller price differences.
· Reminder: Before placing an order, check which trading pair you’re using. Don’t mistake ETH/BTC for ETH/USDT.
$BTC 76164.02（-5.32%）
· Key point: Trading pairs like ETH/BTC are quoted in BTC. They show ETH’s price movement relative to BTC, which is not the same as ETH’s price in US dollars.
· Why: Trading activity varies across pairs. Buying and selling the same coin in a more active pair generally results in smaller price differences.
· Reminder: Before placing an order, check which trading pair you’re using. Don’t mistake ETH/BTC for ETH/USDT.
$BTC 76164.02（-5.32%）
