Basket trading is a popular risk-mitigation strategy for small investors. Another significant benefit of basket trading is that it allows clients and traders to operate their markets more efficiently. To reduce their risk exposure, many traders will create a basket trade with the help of hedging or different currencies. Hedging is attempted when long and short currency pairings are traded alongside one another. Doing so is illegal in many countries, including the United States of America. To solve this problem, the system of linked currencies could be used. The relationship explains the change in the proportion of the two currencies over a specific time period.