This content is for informational purposes only and does not constitute financial advice.
This article is to help understand the pricing data presented on Figure Markets or other external platforms like CoinGecko, and explain the 2 trading pairs of Hash/USD & Hash/USDT (Tether).
While both pairs involve the "Hash" asset, it's crucial to understand that each trading pair represents a distinct and separate market with different order books. The price of an asset in one market can, and often does, differ from its price in another, even if the underlying asset is the same. Here's why:
Hash/USDT: This pair trades Hash against Tether (USDT), a stablecoin designed to be pegged to the US Dollar. The price here is determined by the supply and demand specifically within the Hash-USDT market. Factors like the overall liquidity of USDT, the demand for Hash using USDT, and even slight deviations of USDT from its $1 peg can influence this price.
Hash/USD: This pair trades Hash directly against the US Dollar (fiat currency). The price here is governed by the supply and demand within the Hash-USD market. This market might involve different participants, larger institutional trades, or direct fiat on/off-ramps, leading to different price discovery.
In the photo below, you can see that the HASH/USD trading pair is $.026, meanwhile the pair of HASH/USDT is $.08.
This content is for informational purposes only and does not constitute legal or financial advice. This communication is not an offer to lend, extend credit, sell nor a solicitation of an offer to buy securities, tokens, or any digital assets.
Investing in cryptocurrencies involves significant risks. Cryptocurrency trading is not available in NY. Please click here for risk disclosures on investing and trading in cryptocurrencies.
Figure Payments Corporation offers self-directed investors and traders cryptocurrency services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. Figure Payments Corporation's NMLS ID number is 2033432, and is located at 100 West Liberty Street, Suite 600, Reno, NV., 89501. You can verify Figure Payments licensing status at the NMLS Consumer Access website. Click here for Figure Crypto's state license and regulatory disclosures.
Products and services are available through Figure Markets, a brand name of Figure Markets Holdings, Inc. Both Figure Payments Corporation and Figure Markets Holdings, Inc. are wholly owned subsidiaries of Figure Technology Solutions, Inc.
This content is for informational purposes only and does not constitute legal or financial advice. This communication is not an offer to lend, extend credit, sell nor a solicitation of an offer to buy securities, tokens, or any digital assets.
Investing in cryptocurrencies involves significant risks. Cryptocurrency trading is not available in NY. Please click here for risk disclosures on investing and trading in cryptocurrencies.
Figure Payments Corporation offers self-directed investors and traders cryptocurrency services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. Figure Payments Corporation's NMLS ID number is 2033432, and is located at 100 West Liberty Street, Suite 600, Reno, NV., 89501. You can verify Figure Payments licensing status at the NMLS Consumer Access website. Click here for Figure Crypto's state license and regulatory disclosures.
Products and services are available through Figure Markets a brand name of Figure Markets Holdings, Inc. Both Figure Payments Corporation and Figure Markets Holdings, Inc. are wholly owned subsidiaries of Figure Technology Solutions, Inc.
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