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The buying, selling or exchanging of Bitcoins or other cryptocurrencies for other currencies or commodities.

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How BTC value is determined in USD from a trading pair?

I know this is more of a general trading question but how is BTC or any base currency value determined in another currency from a trading pair? … An example of what I mean is take the BTC/NEO trading pair, how do you determine the BTC value in USD from that trading pair? …
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