Crypto-to-fiat pairs are essential for users to move between the cryptocurrency world and the traditional financial system. Here we look at the most popular pairs in Pakistan.
In Pakistan, the most popular cryptocurrency-to-fiat trading pairs involve the Pakistani Rupee (PKR) and major cryptocurrencies such as Bitcoin (BTC) and Tether (USDT). These pairs are commonly available on peer-to-peer platforms (P2P), allowing users to trade directly with one another. For instance, Binance's P2P platform supports PKR trading pairs, enabling users to buy and sell BTC and USDT using PKR. Similarly, OKX offers a P2P trading platform where Pakistani users can purchase cryptocurrencies like BTC and USDT with PKR.
These platforms facilitate transactions through various local payment methods, making it convenient for Pakistani users to engage in crypto trading.
It is worth noting that until now, there has been very little movement in potential regulations for crypto in Pakistan. While the country remains on the periphery of the global financial system, there are few crypto exchanges offering full services to Pakistani residents.
Despite, or because of this, crypto awareness and usage has grown strongly in Pakistan meaning that there is an ever-increasing market and liquidity for PKR pairs.
