A crypto pair refers to a trading pair of two cryptocurrencies that are quoted against each other on an exchange. It shows how much of one cryptocurrency you need to buy or sell another.
BTC/USDT
This pair means you're trading Bitcoin (BTC) against Tether (USDT).
If the price is BTC/USDT = 60,000, it means 1 BTC = 60,000 USDT.
You can buy BTC using USDT, or sell BTC to get USDT.
They allow you to:
Trade between different assets (e.g., BTC to ETH, ETH to USDT)
See how much one coin is worth in terms of another
Access arbitrage opportunities across pairs and exchanges
Pair Type | Example | Description |
---|---|---|
Crypto-to-Stablecoin | BTC/USDT, ETH/USDC | Most common; trades crypto vs. stablecoin |
Crypto-to-Fiat | BTC/USD, ETH/EUR | Trades crypto vs. government currency |
Crypto-to-Crypto | ETH/BTC, SOL/ETH | Trades one crypto for another |