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Canadian dollar trading pair
Trading & Investing
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A Canadian dollar trading pair is a market that lets users trade a crypto asset directly against Canadian dollars. In a BTC-CAD pair, Bitcoin is known as the base asset while the Canadian dollar is the quote currency. The price shows how many Canadian dollars are needed to buy one unit of the crypto asset. Canadian dollar trading pairs are useful because Canadian users can view prices, place orders, and track gains or losses in their local currency instead of converting through U.S. dollars or another crypto asset first.
For example, if BTC-CAD is quoted at $100,000, one full Bitcoin is priced at $100,000 Canadian dollars at that given time.