What is Market (Currency pair)? (Emirex.com)
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A Market ((crypto)currency or trading pair) is a quotation featuring two different (crypto)currencies, with currency being quoted in terms of the other.
Example: A price of 10000 USD for BTC/USD means that 10000 USD is required to purchase 1 BTC.
Example: A price of 10000 USD for BTC/USD means that 10000 USD is required to purchase 1 BTC.