Bitcoin Forum
June 22, 2024, 03:17:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Orders of currency pairs on exchanges?  (Read 210 times)
WillyC (OP)
Newbie
*
Offline Offline

Activity: 11
Merit: 2


View Profile
September 12, 2017, 01:17:57 PM
 #1

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?
ikilledcobain
Sr. Member
****
Offline Offline

Activity: 446
Merit: 252



View Profile
September 12, 2017, 02:14:06 PM
 #2

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.

           ▀██▄ ▄██▀
            ▐█████▌
           ▄███▀███▄
         ▄████▄  ▀███▄
       ▄███▀ ▀██▄  ▀███▄
     ▄███▀  ▄█████▄  ▀███▄
   ▄███▀  ▄███▀ ▀███▄  ▀███▄
  ███▀  ▄████▌   ▐████▄  ▀███
 ███   ██▀  ██▄ ▄██  ▀██   ███
███   ███  ███   ███  ███   ███
███   ███   ███████   ███   ███
 ███   ███▄▄       ▄▄███   ███
  ███▄   ▀▀█████████▀▀   ▄███
   ▀████▄▄           ▄▄████▀
      ▀▀███████████████▀▀
DeepOnion
Anonymous and Untraceable
ANN  Whitepaper  Facebook  Twitter  Telegram  Discord 





      ▄▄██████████▄▄
    ▄███▀▀      ▀▀█▀   ▄▄
   ███▀              ▄███
  ███              ▄███▀   ▄▄
 ███▌  ▄▄▄▄      ▄███▀   ▄███
▐███  ██████   ▄███▀   ▄███▀
███▌ ███  ███▄███▀   ▄███▀
███▌ ███   ████▀   ▄███▀
███▌  ███   █▀   ▄███▀  ███
▐███   ███     ▄███▀   ███
 ███▌   ███  ▄███▀     ███
  ███    ██████▀      ███
   ███▄             ▄███
    ▀███▄▄       ▄▄███▀
      ▀▀███████████▀▀
.
ahmadakbari
Full Member
***
Offline Offline

Activity: 602
Merit: 116


View Profile
September 12, 2017, 02:33:16 PM
 #3

Usually exchanges consider the bitcoin as main currency when it is traded with Ethereum. Just this.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!