What is the meaning of 'and we created you in pairs' in the context of cryptocurrency?

3 answers

• Dec 24, 2021 · 3 years ago
  The phrase 'and we created you in pairs' in the context of cryptocurrency refers to the concept of pairing cryptocurrencies together for trading purposes. In cryptocurrency exchanges, you often see pairs like BTC/ETH or BTC/USD, which means you can trade Bitcoin for Ethereum or Bitcoin for US Dollars. These pairs allow traders to exchange one cryptocurrency for another or for fiat currency. The phrase highlights the interconnectedness and interdependence of different cryptocurrencies in the market.
  503252
• Dec 24, 2021 · 3 years ago
  When it comes to cryptocurrency, 'and we created you in pairs' means that cryptocurrencies are often traded in pairs on exchanges. These pairs represent the exchange rate between two different cryptocurrencies or between a cryptocurrency and a fiat currency. For example, BTC/ETH represents the exchange rate between Bitcoin and Ethereum. The phrase emphasizes the idea that cryptocurrencies are not standalone entities, but rather exist in relation to other cryptocurrencies.
  476159
• Dec 24, 2021 · 3 years ago
  In the context of cryptocurrency, the phrase 'and we created you in pairs' refers to the practice of pairing different cryptocurrencies together for trading purposes. This concept is essential for liquidity and price discovery in the cryptocurrency market. By creating pairs, traders can easily exchange one cryptocurrency for another, which facilitates the overall trading ecosystem. For example, on BYDFi, you can find various pairs like BTC/ETH, BTC/USD, and ETH/USDT, allowing users to trade between different cryptocurrencies and fiat currencies.
  551138