What are the most commonly used base currencies in cryptocurrency exchanges?

3 answers

• AlekhyaMar 07, 2024 · a year ago
  The most commonly used base currencies in cryptocurrency exchanges are Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). These three currencies serve as the foundation for trading pairs and are widely accepted across various exchanges. Bitcoin, being the first and most well-known cryptocurrency, is often used as a base currency for many altcoins. Ethereum, with its smart contract capabilities, is also a popular choice. Tether, a stablecoin pegged to the value of the US dollar, provides traders with a stable base currency option.
  534

  267
• LARA 31129Dec 04, 2023 · 2 years ago
  When it comes to base currencies in cryptocurrency exchanges, Bitcoin is the king. It's the OG of cryptocurrencies and serves as the base for countless trading pairs. Ethereum is another popular choice, especially for projects built on its blockchain. And let's not forget about Tether, the stablecoin that keeps its value pegged to the US dollar. These three base currencies dominate the crypto trading world.
  410

  137
• Nada Kamel abd El-HafezAug 04, 2020 · 5 years ago
  In the world of cryptocurrency exchanges, the most commonly used base currencies are Bitcoin, Ethereum, and Tether. These three currencies are widely accepted and serve as the foundation for trading pairs. Bitcoin, being the first and most well-known cryptocurrency, is often used as a base currency for altcoins. Ethereum, with its smart contract capabilities, is also a popular choice. Tether, on the other hand, provides traders with a stable base currency option. Other exchanges may have their own preferred base currencies, but these three are the most commonly used across the board.
  590

  148