What are some popular cryptocurrency pairs for pair trading?
Tamzaiti MohamedDec 25, 2021 · 3 years ago6 answers
Can you recommend some popular cryptocurrency pairs that are commonly used for pair trading? I'm looking for pairs that have good liquidity and volatility, as well as pairs that are commonly traded on major exchanges. What are some popular options?
6 answers
- Dec 25, 2021 · 3 years agoSure! One popular cryptocurrency pair for pair trading is BTC/USD. Bitcoin (BTC) is the most well-known and widely traded cryptocurrency, and it is often paired with USD due to its global popularity. This pair offers good liquidity and volatility, making it a popular choice for pair traders.
- Dec 25, 2021 · 3 years agoAnother popular pair for pair trading is ETH/BTC. Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, and it is often paired with Bitcoin (BTC) due to their complementary nature. This pair offers good liquidity and can provide opportunities for pair traders to take advantage of price movements between the two cryptocurrencies.
- Dec 25, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a wide range of popular cryptocurrency pairs for pair trading. Some of the popular options include BTC/USD, ETH/BTC, and XRP/USD. These pairs have good liquidity and are commonly traded on major exchanges, making them suitable for pair trading strategies.
- Dec 25, 2021 · 3 years agoWhen it comes to pair trading, it's important to consider the liquidity and trading volume of the cryptocurrency pairs. Some other popular pairs that are commonly traded on major exchanges include LTC/BTC, BCH/USD, and XRP/BTC. These pairs offer good opportunities for pair traders to profit from price movements.
- Dec 25, 2021 · 3 years agoIf you're looking for more exotic pairs for pair trading, you can consider trading pairs like XMR/BTC, EOS/ETH, or ADA/USDT. These pairs may have lower liquidity compared to the more popular pairs, but they can offer unique trading opportunities for pair traders who are willing to take on more risk.
- Dec 25, 2021 · 3 years agoIn addition to the aforementioned pairs, it's worth mentioning that the popularity of cryptocurrency pairs for pair trading can vary over time. It's important to stay updated with the latest market trends and trading volumes to identify the most popular and profitable pairs for pair trading strategies.
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