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:
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.
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.
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.
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.
Liquidity and Volume:
ETH/USDT typically has higher liquidity and trading volume.
USDT/ETH may have lower liquidity and is less frequently traded.
Order Book:
The order book for ETH/USDT will be different from USDT/ETH, as they represent inverse relationships.
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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