Currency pair is one of the basic concepts for trading on the crypto and other markets. The currency pair compares the value of one currency to another and indicates how much of the quoted currency is needed to purchase one unit of the base currency.
For example, BTC/USD is a currency pair that shows the price of BTC in terms of USD. In this case, Bitcoin is a base currency, while the US Dollar is a quoted one.
Currency pairs represent markets where one currency can be exchanged for another one. When you buy a currency pair, you buy the base currency and sell quoted one (for example, buy BTC for USD in BTC/USD pair). Conversely, when you sell a currency pair, you sell the base currency to get quoted currency (sell BTC to get USD in case of BTC/USD pair).
In the crypto market, there are two types of currency pairs — crypto-to-fiat and crypto-to-crypto. The first type means trading cryptocurrency against fiat currencies (ETH/USD). In the second type, cryptocurrency is quoted to another crypto (ETH/BTC).
With CEX.IO, you can trade on numerous crypto-to-fiat and crypto-to-crypto markets. To select the market, go to the Trade page on the CEX.IO website.
On the Trade page, you can find the Market selector with one of the most popular currency pairs. Market selector shows the price of the last order matched on these markets. If you click a currency pair in the Market selector, the blue bar appears and you will go to the selected market.
CEX.IO also provides multiple filtration types depending on sectors and types of currency pairs to easily find and choose appropriate markets.
If you already know what you want to buy or sell, then you can use the “Search” field and find all available markets on CEX.IO for a specific asset. To get quick access to the specific markets, you can choose them as your favorite ones using the “Star” button.