Trade

Buy and sell your favorite coins easily and safely

What is the "Trade" page for?

The Trade page is where you can freely buy and sell your favorite coins.

  • Example 1: Bob is buying ETH with USDC (ETH <- USDC) on ETH/USDC pair. This means that he is buying ETH using USDC.

  • Example 2: Alice is selling ETH for USDT (ETH -> USDT). This means that she is selling ETH for getting USDT.

In Standard orderbook DEX, ETH/USDT and USDT/ETH is counted as different pair just as CEXes. Each pair has its own liquidity with different orderbook spread.

Orderbook pairs vs. AMM pairs

In Standard, ETH/USDT and USDT/ETH are different trading pairs just as centralized crypto exchanges because they represent opposite sides of the same trade, with different base and quote currencies. Here's a breakdown of the key differences:

  1. Base and Quote Currency:

    • In ETH/USDT, ETH is the base currency and USDT is the quote currency.

    • In USDT/ETH, USDT is the base currency and ETH is the quote currency.

  2. Price Representation:

    • ETH/USDT shows how much USDT is needed to buy 1 ETH.

    • USDT/ETH shows how much ETH can be bought with 1 USDT.

  3. Trading Perspective:

    • ETH/USDT is used when traders want to buy or sell ETH using USDT.

    • USDT/ETH is used when traders want to buy or sell USDT using ETH.

  4. Market Analysis:

    • ETH/USDT is more commonly used for analyzing ETH's price in terms of USDT.

    • USDT/ETH is less common but can be useful for specific trading strategies.

  5. Liquidity and Volume:

    • ETH/USDT typically has higher liquidity and trading volume.

    • USDT/ETH may have lower liquidity and is less frequently traded.

  6. Order Book:

    • The order book for ETH/USDT will be different from USDT/ETH, as they represent inverse relationships.

  7. Price Calculation:

    • The price of ETH/USDT is typically the reciprocal of USDT/ETH.

It's important to note that while both pairs represent the same assets, they are used differently by traders depending on their trading strategies and preferences. Most exchanges primarily use ETH/USDT as the standard pair for trading Ethereum against Tether.

How are the Trades serviced?

The trades done via our Trade page are serviced via Standard Exchange.

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