From the LBank blog.
In the early days of the market, exchanges relied on trading crypto-to-crypto trading pairs like BTC/ETH and BTC/LTC to conduct all of their transactions.
Only a few exchanges offered the option to trade for fiat money like the US dollar at that time. However, the inception of stablecoins in the 2010s helped provide more reliable hedges and stores of value in place of fiat currencies.
The first stablecoin was a USD-pegged asset named tether (USDT), which quickly became one of the most commonly used stablecoin pairs. It attaches itself to an equivalent amount of USD, so if you possess USDT, you also have the same amount of USD in your account.
Today in crypto trading, USDT, USD, Bitcoin (BTC), and Ethereum (ETH) are among the most common base pairs — with BTC/USDT, BTC/USD, ETH/USDT, and ETH/USD being the most commonly used pairs.
Among others, trading crypto pairs are increasingly popular for LBank users because it enables them to profit from the ever-changing value of currencies. More than that, it helps them diversify their portfolio, and explore new — and different — financial markets and opportunities.
In fact, the top cryptocurrency exchange notes that BTC/USDT, ETH/USDT, Saitama/USDT, BNB/USDT and DOGE/USDT are some of the most preferred trading pairs by its users.
Invariably, LBank has been active in the cryptocurrency space for the past seven years and has become one of the most popular trading platforms to buy, sell and hold Bitcoin (BTC), Ethereum (ETH) and other altcoins.
It is widely used by new and advanced traders because of its deep liquidity, security, dedication and commitment to providing quality services to its users.
The exchange offers an extensive range of trading options for traders who do not want to limit themselves when it comes to investing in cryptocurrencies. The platform provides numerous ways through which traders can transact using their preferred coins or tokens.
This article came directly from the LBank blog, found on https://medium.com/lbank/the-most-preferred-trading-pairs-on-lbank-exchange-among-crypto-traders-c22fa7471ccb?source=rss—-69b5b1a654b1—4