Pairs and Collateral
Pairs
The navbar on the left of the trade screen shows you all the trading pairs currently available, as seen below. ⤵️
After selecting your trading pair, you'll see a graph and key data related to the pricing of that pair. The current price and price change over the last 24 hours are displayed next to the pair.
You'll also see the total sizes of Long and Short positions, along with the 1-hour funding fee for Longs and Shorts.
Below the key data, you'll find a chart that tracks the price of the pairing over a period of your choosing, with additional information such as the 24-hour open, high, low, and close prices.
Collateral options ⤵️
USDC is a stablecoin created by Circle where the price is "pegged" to a non-digital asset, in this instance the US Dollar.
This means its relative value will stay as 1 USDC = $1 in normal circumstances, with very minor fluctuations.
DAI is a stablecoin created by Maker Foundation and maintained by MakerDAO, pegged to the price of the US Dollar.
This means its relative value will stay as 1 DAI = $1 in normal circumstances, with very minor fluctuations.
BTC represents bitcoin, the currency of the Bitcoin network.
As the original and longest running cryptocurrency, it is often considered one of the "safer" investments in the space but is still highly volatile and subject to major price changes both short and long-term.
ETH represents Ether, the native currency of the Ethereum Virtual Machine network.
Launched in July 2015 it was designed to create an alternative option of decentralised computing compared to Bitcoin's decentralised currency.
Ethereum's "Ether" is the second most popular cryptocurrency, sitting behind Bitcoin, and is a fully public and open platform.
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