This question is been in my head and i can’t find an answer so hope some one can explain
So I’m I’m looking at market pairs and I see that BTC has over 50k market pairs and LTC has 2500 market pairs
So how are this market pairs set , who decides , how do they get increased?
The exchange decides which pairs are available on its platform. The more relevant a currency is, the more trading pairs it gets.
Because BTC is treated as a standard, the price of everything is measured relative to it. Binance has a “BTC net worth” for your wallet. The USD used to have a status like that, where the price of everything was measured relative to it.