What is a market pair? Base vs Quote currency
Jun 14, 2021
Crypto markets are always Quoted in market pairs.
A pair is a combination of two cryptocurrencies to facilitate trading on a crypto currency exchange.
Examples: BTC/USD, ETH/USD, BTC/ETH
Base vs Quote Asset
In a pair, the first currency is known as the base currency, while the second makes the quote currency.
What does price of a market pair mean?
The price for a market pair is how much of the Quote currency it costs to buy one unit of the base currency.
When you trade a market pair, you are always buying one currency while selling another.
