What are the most popular quote and base currencies in the cryptocurrency market?

3 answers

• Pooja KulkarniDec 30, 2023 · 2 years ago
  The most popular quote and base currencies in the cryptocurrency market are Bitcoin (BTC) and Ethereum (ETH). These two currencies are widely recognized and have the highest trading volumes. Bitcoin is often used as the base currency for trading pairs, while Ethereum is commonly used as a quote currency. Other popular quote currencies include Tether (USDT), Binance Coin (BNB), and USD Coin (USDC). As for base currencies, besides Bitcoin, some commonly used ones are Ethereum, Ripple (XRP), and Litecoin (LTC). These currencies serve as the foundation for trading pairs and are frequently traded against other cryptocurrencies.
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• HAPPY_ 405Mar 07, 2023 · 3 years ago
  When it comes to quote and base currencies in the cryptocurrency market, Bitcoin and Ethereum take the lead. Bitcoin, being the first and most well-known cryptocurrency, is often used as the base currency for trading pairs. Ethereum, on the other hand, is frequently used as a quote currency. Other popular quote currencies include stablecoins like Tether and USD Coin. As for base currencies, besides Bitcoin and Ethereum, Ripple and Litecoin are also commonly used. These currencies play a crucial role in the cryptocurrency market and are widely traded against other digital assets.
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• samuel shabazzFeb 01, 2021 · 5 years ago
  In the cryptocurrency market, Bitcoin and Ethereum are undoubtedly the most popular quote and base currencies. Bitcoin, being the pioneer of cryptocurrencies, is widely accepted and serves as the base currency for many trading pairs. Ethereum, with its smart contract capabilities, is often used as a quote currency. Other quote currencies that enjoy popularity include Tether, Binance Coin, and USD Coin. When it comes to base currencies, besides Bitcoin, Ethereum, Ripple, and Litecoin are commonly used. These currencies provide liquidity and are extensively traded against other cryptocurrencies.
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