In the case of cryptocurrency ticker symbol is used to identify particular coins or tokens when researching, viewing charts or when trading on an exchange. Understanding Ticker Symbolsįirst of all what is ticker symbol and why we need them? A ticker symbol is an abbreviation used to uniquely identify a particular stock, bond, mutual fund or security on a stock market. Both are symbols of Bitcoin and they are not two different cryptocurrencies.Īlright! But why we need two symbols for one coin and what is the difference between them? Also what is the story behind the two acronyms BTC and XBT? Which one is the official ticker and which symbol is largely preferred by the community? Here in this post we’ll explain everything that you should know about the two Bitcoin symbols: BTC vs XBT. So first of all to clarify your doubt both the tickers BTC and XBT are not different. In some worst case there are people who even got scammed because of these two confusing tickers. Some assumed that XBT refers to another coin called Bitcoin XT which is a fork of Bitcoin core. Beginners often had a confusion over the two ticker symbols. Since the early days of Bitcoin both the symbols XBT and BTC were used interchangeably to refer Bitcoin. Not just them but even some popular cryptocurrency trading websites like Kraken and BitMEX are using the term XBT to denote Bitcoin. On the other hand XE, a popular foreign exchange Bloomberg, a popular financial data and media company uses XBT to symbolize Bitcoin.
Also many other online portals and exchanges specify Bitcoin as BTC. But do you know that there is another symbol for Bitcoin called XBT? Have you ever stumbled upon XBT while looking for Bitcoin price online? Coinbase, a popular digital currency exchange CoinMarketCap, a cryptocurrency research and data website displays the BTC ticker. There is no doubt that Bitcoin enthusiasts and cryptocurrency traders prefer BTC as a symbol of Bitcoin.