Discover why crypto-to-fiat pairs are essential for users to move between the cryptocurrency world and the traditional financial system, offering liquidity, trading opportunities and hedging.
In the UK, the most popular cryptocurrency-to-fiat trading pairs involve major cryptocurrencies paired with the British Pound Sterling (GBP). The leading pairs include:
These pairs are commonly offered by UK-based cryptocurrency exchanges, facilitating direct trading between cryptocurrencies and GBP. For instance, trading platforms like eToro and crypto exchanges like Binance support a variety of fiat-to-crypto pairs, including those mentioned above.
Additionally, some exchanges provide trading pairs with other fiat currencies such as the Euro (EUR) and the US Dollar (USD). However, for UK residents, GBP pairs are typically more convenient, eliminating the need for currency conversion and associated fees.
It's important to note that the availability of specific trading pairs can vary between exchanges. Therefore, it's advisable to check the supported pairs on your chosen platform before initiating trades.
Some of the other popular and liquid pairs used in the UK include:
