Quote Currency
The currency in which an asset’s price is denominated in a trading pair.
In a pair like BCH/USD, BCH is the base currency and USD is the quote currency. Prices and PnL are typically displayed in the quote currency.
"A BCH price of 240.50 means each BCH costs 240.50 units of the quote currency (USD)."
Related Terms
Cryptocurrency Exchange
→A platform that facilitates the buying, selling, and trading of cryptocurrencies. Exchanges can support crypto-to-crypto or crypto-to-fiat transactions and serve as crucial infrastructure in the digital asset ecosystem.
Order Book
→A real-time list of buy and sell orders organized by price level on an exchange.
Liquidity
→The ease with which a crypto asset can be bought or sold without affecting the market price.
Market Order
→A type of order to buy or sell a security at the best available price in the current market.
Limit Order
→A trading instruction to buy or sell an asset at a specified price or better.
All terms and definitions may update as the Cryptionary improves.
