Crypto
What are cryptocurrency trading pairs and how do they work?

Cryptocurrency buying and selling pairs perform like a barter system of tokens. They’re digital property which are traded for one another over an alternate. Buying and selling pairs are useful as a result of some cryptocurrencies can solely be bought by different cryptocurrencies. Furthermore, figuring out about crypto buying and selling pairs will make it easier to broaden your horizon past the mainstream cryptos you retain listening to about.
Moreover, since crypto markets are extremely unstable, arbitrage alternatives open up when buying and selling between tokens. Arbitrage buying and selling refers back to the fast buy and sale of tokens in numerous markets to use variations of their costs. Additionally, with a buying and selling pair, you not need to promote one cryptocurrency for fiat forex after which use that cash to purchase the opposite cryptocurrency. However why is that this an issue?
Each transaction incurs a gasoline price. These transactions should not solely inconvenient however costly too. Say you might have 0.005 Bitcoin (BTC) and want to buy some Ether (ETH). On the time of writing, you’d spend a median of $1.858 per transaction on the Bitcoin blockchain. Luckily, the gasoline charges on buying ETH are negligible ($0.00008). However that’s not essentially a continuing worth. Had you been making an ETH transaction on 1st Could 2022, you’d have paid $0.001 per transaction, which is 1150% larger! Such is the magnitude of gasoline price fluctuations.
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Crypto buying and selling pairs additionally turn out to be useful when buying a lesser-known cryptocurrency. Most exchanges will typically solely will let you purchase such cash in alternate for a cryptocurrency it’s paired with. Essentially the most generally paired cryptos embrace Bitcoin and Ether. Some exchanges additionally supply stablecoin buying and selling pairs. That is helpful as most stablecoins are pegged to the USD, making it simpler to estimate the worth of a coin.
Throughout the earlier days of crypto, when only a few blockchains existed, crypto buying and selling pairs weren’t a profitable choice. However, since then, 1000’s of cryptocurrencies have come into existence, and the variety of buying and selling pairs that exist at the moment is greater than what you and I can fathom.
A crypto buying and selling pair is arrived at by correlating two cryptocurrencies after which arriving at their relative value with respect to one another. By doing this, the worth of 1 cryptocurrency could be measured by way of a unique cryptocurrency. For instance, BTC/ETH is among the hottest buying and selling pairs. On the time of writing, the worth of 1 BTC was equal to that of 15.09 ETH. This inter-token alternate is facilitated by decentralised exchanges (DEXs), which make it potential to commerce in crypto with out an middleman.
However wait, doesn’t a DEX additionally use a blockchain since it’s a decentralised platform? So, wouldn’t that additionally incur gasoline charges? Sure, you’re proper. It might.
Nevertheless, you’d solely be making one transaction as an alternative of the 2 wanted in any other case. Furthermore, most DEXs are powered by the Ethereum blockchain and thus demand nominal gasoline charges. In the event you want to prioritise your transaction, you possibly can shell out larger gasoline charges and incentivise the miners to course of it.
To summarise, buying and selling pairs enable buyers to reap the advantages of decrease gasoline charges. It additionally permits seasoned buyers to revenue from variations in asset costs between exchanges. As such, they’ve develop into an integral a part of the crypto sphere and have already confirmed to be a greater choice for crypto buying and selling.
First Revealed: IST

Crypto
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Crypto
Truth Social Files for Cryptocurrency Blue-Chip ETF

Truth Social, the social media platform backed by former U.S. President Donald Trump, has submitted an application for a cryptocurrency blue-chip ETF S-1 filing. This move marks a significant shift for the platform, which has been primarily known for its social media presence, into the realm of cryptocurrency investments. The filing indicates that Truth Social is aiming to capitalize on the growing interest in digital assets, particularly among its user base, which includes a significant number of individuals who are already engaged with cryptocurrencies.
The Trust’s assets are primarily composed of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO) held by the Trustee. Under the terms of the Trust Agreement, the Trust will allocate its assets to a percentage of the portfolio assets (allocation ratio) initially expected to be approximately 70% Bitcoin, 15% Ethereum, 8% SOL, 5% CRO, and 2% XRP. This allocation reflects a strategic focus on blue-chip cryptocurrencies, which are seen as more stable and less speculative compared to smaller, more volatile tokens.
The decision to file for a cryptocurrency ETF comes at a time when the cryptocurrency market is experiencing renewed interest. The market has seen a resurgence in activity, driven by factors such as declining interest rates and a more crypto-friendly regulatory environment. This shift has led many investors to reconsider their positions in cryptocurrencies, particularly in blue-chip tokens like Bitcoin and Ethereum.
The filing for a cryptocurrency ETF is a significant step for Truth Social, as it allows the platform to offer its users a more diversified investment option. By providing access to a blue-chip cryptocurrency ETF, Truth Social can attract a broader range of investors who are looking for a more secure and regulated way to invest in digital assets. This move also positions Truth Social as a forward-thinking platform that is adapting to the evolving financial landscape, where cryptocurrencies are becoming an increasingly important part of the investment ecosystem.
The submission of the S-1 filing is a crucial step in the process of launching an ETF. It involves providing detailed information about the fund’s structure, investment strategy, and risk factors to regulatory authorities. Once approved, the ETF will allow investors to gain exposure to a basket of blue-chip cryptocurrencies without having to directly purchase and manage individual tokens. This can be particularly appealing to investors who are new to the cryptocurrency market or who prefer the convenience and security of an ETF.
The filing also highlights the growing integration of cryptocurrencies into mainstream financial products. As more platforms and companies enter the cryptocurrency space, the demand for regulated and secure investment options is likely to increase. This trend is driven by the recognition that cryptocurrencies offer unique benefits, such as decentralization, transparency, and the potential for high returns, which make them an attractive addition to traditional investment portfolios.
In summary, Truth Social’s submission of a cryptocurrency blue-chip ETF S-1 filing is a strategic move that reflects the platform’s commitment to innovation and its recognition of the growing importance of cryptocurrencies in the financial landscape. By offering a regulated and secure investment option, Truth Social can attract a broader range of investors and position itself as a leader in the evolving world of digital assets.
Crypto
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