What is the base/quote currency?

Explaining the notation and function of a base and quote currency in a trading pair

GSMG.io Helpdesk | Support avatar
Written by GSMG.io Helpdesk | Support
Updated over a week ago

The "base" currency is the asset that is traded on a market and the "quote" currency is used to pay for it. Hence, the price of the base currency is "quoted" in the quote currency.

At GSMG we use the most commonly used "format": BASE/QUOTE.


In the pair XRP/USDT we call XRP the "base" currency and USDT the "quote" currency.

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