What are the 8 major currency pairs used in cryptocurrency trading?
Rayra EilishApr 06, 2024 · a year ago3 answers
Can you provide a list of the 8 major currency pairs commonly used in cryptocurrency trading? I'm interested in knowing which currencies are frequently traded against each other in the cryptocurrency market.
3 answers
- Muhammad AdilMar 08, 2023 · 2 years agoSure! The 8 major currency pairs used in cryptocurrency trading are BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, EOS/USD, XLM/USD, and ADA/USD. These pairs represent the most actively traded cryptocurrencies against the US dollar. Traders often use these pairs to speculate on the price movements of these cryptocurrencies.
- frankfejaJun 14, 2023 · 2 years agoThe 8 major currency pairs in cryptocurrency trading are BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, EOS/USD, XLM/USD, and ADA/USD. These pairs are considered major because they involve the most popular cryptocurrencies and have high trading volumes. They provide ample liquidity and are widely available on various cryptocurrency exchanges.
- g.shiva9605Mar 31, 2024 · a year agoWhen it comes to cryptocurrency trading, the 8 major currency pairs are BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, EOS/USD, XLM/USD, and ADA/USD. These pairs are the most commonly traded combinations and offer a good balance between liquidity and volatility. Traders often focus on these pairs due to their popularity and the availability of market data and analysis tools.
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