What factors determine the major pairs in the cryptocurrency market?

1 answers

• Jonathan BautistaJul 25, 2024 · a year ago
  In the cryptocurrency market, the determination of major pairs is influenced by various factors. Trading volume is a significant factor, as pairs with high trading volume are considered major due to the increased liquidity and market activity they offer. The popularity and demand for a specific cryptocurrency also contribute to its inclusion in major pairs. If a cryptocurrency has a large user base and is widely used for transactions, it is more likely to be part of major pairs. Additionally, the stability and reliability of a cryptocurrency play a role in its classification as a major pair. Cryptocurrencies that have demonstrated security and trustworthiness are more likely to be recognized as major pairs. Overall, the market determines the major pairs based on trading volume, popularity, and the perceived stability of the cryptocurrencies involved.
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