What Are Crypto Trading Pairs?

In cryptocurrency trading, a trading pair denotes two different cryptocurrencies being traded against each other. For example, ETH/BTC is a trading pair that one might commonly see when trading on a cryptocurrency exchange. ETH is a short-hand representation for ether, and BTC a short-hand for bitcoin. 

Examples of Bitcoin trading pairs are:
- ETH/BTC
- LTC/BTC
- BNB/BTC

Now that you understand what a trading pair looks like, how exactly do you go about interpreting one?