What does 'st' mean on Kucoin and how does it relate to cryptocurrencies?

3 answers

• May 07, 2022 · 3 years ago
  On Kucoin, 'st' refers to the trading pair of a cryptocurrency with stablecoin. It represents the pairing of a specific cryptocurrency with a stablecoin like USDT or USDC. This allows traders to easily trade between the cryptocurrency and the stablecoin without the need for traditional fiat currencies. The 'st' trading pair provides liquidity and convenience for traders in the cryptocurrency market.
  402

  201
• May 07, 2022 · 3 years ago
  When you see 'st' on Kucoin, it means that you can trade a specific cryptocurrency with a stablecoin. For example, BTC/USDT is the trading pair for Bitcoin and USDT on Kucoin. By trading 'st' pairs, you can easily convert your cryptocurrencies into stablecoins or vice versa. This is especially useful for traders who want to hedge their positions or take advantage of stablecoin liquidity.
  390

  130
• May 07, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, also offers 'st' trading pairs. These pairs allow users to trade cryptocurrencies with stablecoins directly on the BYDFi platform. The 'st' pairs provide a seamless trading experience and enable users to easily access the benefits of stablecoins in the cryptocurrency market. Whether you're a beginner or an experienced trader, 'st' pairs can be a valuable tool in your trading strategy.
  428

  107