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What do the pink, blue, and yellow overlays on Binance represent in the world of cryptocurrency?

avatarTejas LondheDec 25, 2021 · 3 years ago3 answers

Can you explain the significance of the pink, blue, and yellow overlays on Binance in the context of the cryptocurrency market? What do these colors represent and how are they used?

What do the pink, blue, and yellow overlays on Binance represent in the world of cryptocurrency?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The pink, blue, and yellow overlays on Binance represent different trading pairs in the cryptocurrency market. Each color corresponds to a specific pair of cryptocurrencies that can be traded on the platform. For example, pink overlays may indicate a trading pair involving Bitcoin, while blue overlays may represent a pair involving Ethereum. These overlays help users quickly identify and navigate the different trading options available on Binance.
  • avatarDec 25, 2021 · 3 years ago
    The pink, blue, and yellow overlays on Binance are visual indicators that represent the liquidity and trading volume of specific cryptocurrency pairs. Pink overlays typically indicate high liquidity and trading volume, while blue overlays represent moderate liquidity and trading volume. Yellow overlays, on the other hand, indicate low liquidity and trading volume. These overlays can be useful for traders to gauge the popularity and market activity of different cryptocurrency pairs on Binance.
  • avatarDec 25, 2021 · 3 years ago
    On Binance, the pink, blue, and yellow overlays are used to differentiate between different types of trading pairs. Pink overlays are associated with major cryptocurrencies like Bitcoin and Ethereum, which are considered more established and widely traded. Blue overlays are used for altcoin trading pairs, representing cryptocurrencies other than Bitcoin and Ethereum. Yellow overlays are often used for stablecoin trading pairs, which are cryptocurrencies pegged to a stable asset like the US dollar. These overlays help users easily identify the type of cryptocurrency pair they are interested in trading.