Bitcoin Forum

Alternate cryptocurrencies => Service Discussion (Altcoins) => Topic started by: WillyC on September 12, 2017, 01:17:57 PM



Title: Orders of currency pairs on exchanges?
Post by: WillyC on September 12, 2017, 01:17:57 PM
When looking at exchanges dealing with BTC ETH trading, all exchanges I've seen give the rate as Bitcoins per Ether, so ~0.07 today.

I was wondering if there's some kind of standard that's adopted as there's no reason why the exchange rate shouldn't be the other way around, so ~14.3.

Is there a standard or is it all a bit of a mix between different exchanges and different currencies?


Title: Re: Orders of currency pairs on exchanges?
Post by: ikilledcobain on September 12, 2017, 02:14:06 PM
Hmm, I think you're just reading it backwards unless the exchange you're using has made an error.

As far as your question, the rate varies a bit depending on the exchange you're using, but for the most part, it's going to be pretty uniform. Otherwise, people would exploit that pretty quickly by buying on one exchange and flipping it on another.


Title: Re: Orders of currency pairs on exchanges?
Post by: ahmadakbari on September 12, 2017, 02:33:16 PM
Usually exchanges consider the bitcoin as main currency when it is traded with Ethereum. Just this.