Okuzeka
Blockchain & Crypto vocabulary · Exchanges & Trading

Trading pair

Meaning in blockchain & crypto, with examples

nounCommon term

In blockchain & crypto, trading pair means: Two assets that can be traded directly against each other on an exchange, such as ETH/BTC. The price shows how much of the second asset you need for one unit of the first.

In Turkish: işlem çifti, parite

How it is used

Exchanges add, list and remove trading pairs. The first asset is the base currency and the second is the quote currency. Turkish exchanges usually offer TRY pairs alongside pairs against stablecoins.

Example sentences

  1. We are adding three new trading pairs against the Turkish lira next week.

  2. This trading pair has low volume, so expect a wider spread.

Common collocations

  • add a trading pair
  • TRY trading pair
  • base currency
  • quote currency
  • list a trading pair
  • exchangeA platform where people buy, sell and swap cryptocurrencies, either for other crypto or for traditional money. Some are run by a company, and some work entirely through smart contracts.
  • order bookA live list of all open buy and sell orders for a trading pair, sorted by price. It shows what buyers will pay, what sellers want and how much is available at each price level.
  • spot tradingBuying and selling crypto at the current market price for immediate settlement, so that the buyer really owns the coins, unlike trading futures or other derivatives.
  • stablecoinA crypto token designed to keep a steady price, usually one US dollar, backed by cash and bonds, by other crypto or by an algorithm. It is used for payments, trading and moving money between platforms.
  • liquidityHow easily an asset can be bought or sold quickly without moving its price much. In DeFi, it also means the funds that users deposit into pools so that others can trade.

More terms: Exchanges & Trading

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