Technical Definition

Quote Currency

The quote currency is the second asset in a trading pair.

By Crypto University Editorial
Base CurrencyTrading Pair

✦ Key Insight

It tells traders how much must be paid for one unit of the base currency.

✕ Common Misconceptions

Reading prices backwards

Detailed Explanation

How It Works

BTC/USDT = Bitcoin priced in USDT.

FAQs

Can Bitcoin be a quote currency?
Yes.

In Practice

“USDT is the quote currency.”

Dig Deeper

Trading Pair

A combination of two assets you can trade against each other (e.g., BTC/USDT means Bitcoin priced in USDT).

Base Currency

The base currency is the first asset listed in a trading pair.