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What is a cryptocurrency trading pair?

OKX Learn
OKX Learn
Published on 06 July 2023
Updated on 16 July 2024
2 min read

A cryptocurrency trading pair consists of two cryptocurrencies, such as BTC/USDT, where BTC is the base currency and USDT is the quote currency.

Using BTC/USDT as an example, you can:

  • Buy BTC with USDT (also known as a buy order in spot trading)

  • Sell BTC and receive USDT (also known as a sell order in spot trading)

Stablecoins

Stablecoins such as USDT, USDC, DAI and USDK are commonly used as the quote currency for trading pairs found on OKX. This is because these stablecoins are typically pegged to fiat currency such as USD, so it's convenient for the user to easily benchmark the price of the base currency. For example, the price of BTC/USDT could be easily interpreted as how much a single BTC is valued in terms of USD.

How to find cryptocurrency trading pairs on the OKX app

There are multiple methods to find the cryptocurrency trading pair you're looking for. You could use the following:

  • The search bar

  • The discover page

  • The trading pair drop-down found on all charts and trading pages

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. No responsibility or liability is accepted for any errors of fact or omission expressed in this content. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
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Stablecoins
How to find cryptocurrency trading pairs on the OKX app
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