Crypto trading pairs are essential for trading on crypto exchanges to allow users to trade one cryptocurrency for another without exchanging either for fiat currency first. Here's how they work:
To connect it back to our example of global travel, a traveler going from the U.S. to France and then to England would not need to exchange euros back for U.S. dollars because the traveler can utilize the EUR/GBP trading pair to save on fees.How to read crypto trading pairs
Cryptocurrency trading pairs are often represented with a set of three letters with a backslash such as AAA/BBB.
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