In the initial years of cryptocurrency trading, there were only a handful of exchanges which provided the services to trade cryptocurrencies against fiat currencies like USD and EUR. As the number of users increased, so did the demand for new crypto trading pairs. Nowadays, most exchanges offer more than one hundred trading pairs for BTC/USD and ETH/USD.
In this article we will explain what are the most common crypto trading pairs used by traders and investors.
The Most Common Crypto Trading Pairs
The most common crypto trading pairs are those that involve major cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), paired with a fiat currency, such as the US dollar (USD) or the Euro (EUR), or with a stablecoin, such as Tether (USDT) or USDC.
Some of the most common crypto trading pairs include:
It’s important to note that the popularity of trading pairs can vary depending on the exchange and the geographic location of the users, as well as the current market conditions. Some exchanges may also offer unique trading pairs that are specific to their platform. It’s essential to thoroughly research the trading pairs available on an exchange before making a trade.
If you’re new to cryptocurrency and want to get started, BTC/USD is the most liquid pair. The exchange rate is what people use as a benchmark for other coins, so it’s important that it’s stable. As such, it’s also one of the most popular pairs and traded on most exchanges.
When you see BTC/USD it’s telling you that one Bitcoin will give you one dollar’s worth of another currency. In this case, that currency is going to be US dollars (hence USD). So if a coin is trading at $800, it means that one Bitcoin will give you 800 dollars worth of whatever currency you’re trading in.
ETH/USD is the most common trading pair. ETH/USD, or Ethereum against US dollars, is used to trade ETH against the US dollar. The most popular trading pair on Binance is ETH/USDT (Ethereum against Tether), which we’ll discuss next.
BTC USDT is a stablecoin and one of the most popular trading pairs. It allows you to trade BTC for USDT, which in turn means that you can buy USDT with your Bitcoin.
The reason this pair is so popular is because it gives traders who want to hold onto their cryptocurrency an opportunity to do so while still being able to use it as if they were holding actual US dollars or other fiat currencies.
ETH USDT is the most popular Ethereum trading pair. It’s one of the most liquid pairs in the market, with high volume and liquidity. You can expect spreads to be low, making it a great choice for traders who want to get into or out of an ETH position quickly.
ETH/USDT has very low fees compared to other exchanges like KuCoin or Bitfinex, making it perfect for traders who want to keep costs down while they trade on margin or take advantage of other features like stop losses.
BTC/EUR is one of the most common BTC pairing. USDT/USD and USDT/EUR are popular USDT pairings; both are more common than their Ethereum equivalents (USDT/ETH and EURT)
EURT, a Tether-based stablecoin backed 1:1 by the Euro, has been around since late 2018 but has not gained much traction in terms of volume or market cap compared to its other stablecoin counterparts
The most popular ETH trading pair is ETH/EUR, which stands for ethereum versus the euro. It’s used on Binance and Bitfinex, as well as by Coinbase and its sister exchange GDAX (which is owned by Coinbase).
ETH/EUR is also one of the oldest cryptocurrency exchanges; since 2014 it has been operating as a bitcoin exchange that lets you trade bitcoins for euros directly with other users.
USDC (or USD Coin) is a dollar-backed stablecoin that was created by Circle, a company that also offers a cryptocurrency exchange, payment processing service and more. USDC is available on Coinbase Pro and can be traded there for BTC/USDC or ETH/USDC pairs.
One of the most common crypto trading pairs is BTC/USDC. This pair trades on a variety of exchanges, including Binance and Bitfinex. It is also the highest volume trading pair for USD-backed stablecoin USD Coin (USDC). The acronym USDC stands for “United States Dollar Coin,” which you can guess means that it’s a cryptocurrency tethered to the value of the USD, or real-world dollar.
ETH/USDC is a stablecoin, which means it’s backed by the US dollar. Stablecoins are used to prevent volatility in cryptocurrency markets by providing a more stable and predictable price point for traders.
Stablecoins can be used for exchanges and trades because they’re easier to manage than traditional cryptocurrencies like Bitcoin or Ethereum, which can fluctuate wildly depending on what’s happening with their respective markets at any given time.
The pair TRX/BTC is the most commonly traded in Tron’s native token, Tronix (TRX). In fact, it represents just under half of the total market cap of Tronix. Its second most common pairing is TRX/ETH, which is used to buy into the coin for those who may not have Bitcoins to trade with.
In fact, many people choose this pairing because they can compare the price action between BTC and TRX in real time as they decide whether or not to make an investment in the Tronix token. That’s especially true for those who want to invest in cryptocurrencies but don’t want to get too heavily involved in technical analysis and charting. They can simply use the price chart from BTC as a proxy for what’s happening with Tronix.