A trade pair on a cryptocurrency exchange refers to two different cryptocurrencies that can be traded with each other. A trade pair is represented by a pair of abbreviations, such as BTC/ETH or USDT/BTC, where the first abbreviation represents the base currency and the second abbreviation represents the quote currency.
The base currency is the cryptocurrency that you are trading, while the quote currency is the currency that the value of the base currency is being quoted in. For example, if you want to trade Bitcoin (BTC) for Ethereum (ETH), the trade pair would be BTC/ETH, and the price of Ethereum would be quoted in terms of Bitcoin.
Trade pairs allow you to trade one cryptocurrency for another, and can be used to convert between different cryptocurrencies or to trade cryptocurrencies for fiat currencies. The availability of trade pairs can vary depending on the exchange, and some exchanges may offer a larger selection of trade pairs than others.
In summary, a trade pair on a cryptocurrency exchange refers to two different cryptocurrencies that can be traded with each other, where the base currency is the cryptocurrency being traded and the quote currency is the currency that the value of the base currency is being quoted in.
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