#交易对 cryptocurrency trading pairs consist of base assets (trading objects) and quoted assets (pricing units), such as in BTC/USDT where BTC is the base asset and USDT is the quoted asset. I usually prefer stablecoin trading pairs (like BTC/USDT) because stablecoin pricing can more clearly measure gains and losses, avoiding additional risks from fluctuations in the quoted currency. When choosing trading pairs, I mainly consider three factors: 1) liquidity depth (to avoid excessive slippage); 2) trading fees (some lesser-known trading pairs have higher fees); 3) volatility characteristics (for example, ETH/BTC is more suitable for assessing the relative strength of the two crypto assets). For instance, during the banking crisis in March 2023, I chose to operate on the BTC/USDC trading pair instead of BTC/USDT, as the temporary decoupling of USDC led to a widening price difference, providing a 1.2% arbitrage opportunity. When using the ETH/BTC trading pair, I managed to capture the bullish trend of ETH outperforming BTC by monitoring the breakout of key support levels in their exchange rate. $BNB
BNBUSDT
Perp.
591.2
-4.75%
ADA
0.2509
-4.89%