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Cryptocurrency Pairs

A cryptocurrency pairing, also known as a trading pair, is a form of currency pair. Fiat currencies and cryptocurrencies can be included in cryptocurrency pairings. Currency pairings in cryptocurrency allow traders to compare currencies against one another. A pair has two currency names or abbreviations separated by a slash or dash, such as BTC/USD. The base currency is listed first in the pair, followed by the quotation currency. The quote currency is compared to the base currency to determine how much one coin or token of the base currency is worth in the quotation currency. Because some altcoins may only be purchased with specific currencies, traders should be familiar with cryptocurrency pairings. Furthermore, awareness of pairs allows investors to explore arbitrage trading and high liquidity trading opportunities. A pair is a pair of tradeable tokens or currencies.