What is the reason behind the discrepancy in ticker symbols for Bitcoin Cash on Coinbase and Binance?

5 answers

• Dec 28, 2021 · 3 years ago
  Well, the reason behind the discrepancy in ticker symbols for Bitcoin Cash on Coinbase and Binance is primarily due to the fact that each exchange has its own listing and trading standards. Coinbase, being a US-based exchange, follows the traditional ticker symbol conventions used in the US stock market. Hence, they use the ticker symbol 'BCH' for Bitcoin Cash, which is the same ticker symbol used for the stock of Bank of Chile. On the other hand, Binance, being a global exchange, follows a more universal approach and uses the ticker symbol 'BCHABC' for Bitcoin Cash. This discrepancy in ticker symbols can cause confusion for users who are trading on both platforms, but it's important to understand that it's simply a matter of different conventions and does not affect the actual trading of Bitcoin Cash.
  813407
• Dec 28, 2021 · 3 years ago
  The reason why Coinbase and Binance have different ticker symbols for Bitcoin Cash is because they are separate entities with their own listing preferences. Coinbase, being a US-based exchange, tends to follow the ticker symbol conventions used in the US stock market. Therefore, they use the ticker symbol 'BCH' for Bitcoin Cash, which is the same ticker symbol used for the stock of Bank of Chile. On the other hand, Binance, being a global exchange, follows a more universal approach and uses the ticker symbol 'BCHABC' for Bitcoin Cash. This difference in ticker symbols can be confusing for users who trade on both platforms, but it's important to note that the underlying asset is still the same.
  702234
• Dec 28, 2021 · 3 years ago
  The discrepancy in ticker symbols for Bitcoin Cash on Coinbase and Binance is primarily due to the different listing standards and preferences of each exchange. Coinbase, being a US-based exchange, tends to follow the ticker symbol conventions used in the US stock market. Therefore, they use the ticker symbol 'BCH' for Bitcoin Cash, which is the same ticker symbol used for the stock of Bank of Chile. On the other hand, Binance, being a global exchange, follows a more universal approach and uses the ticker symbol 'BCHABC' for Bitcoin Cash. It's worth mentioning that other exchanges may also have their own ticker symbols for Bitcoin Cash. This discrepancy in ticker symbols is not unique to Coinbase and Binance, and it's important for users to be aware of the different conventions when trading on multiple platforms.
  824206
• Dec 28, 2021 · 3 years ago
  The reason behind the discrepancy in ticker symbols for Bitcoin Cash on Coinbase and Binance is due to the different listing preferences and standards of each exchange. Coinbase, being a US-based exchange, adheres to the ticker symbol conventions used in the US stock market. Therefore, they use the ticker symbol 'BCH' for Bitcoin Cash, which is the same ticker symbol used for the stock of Bank of Chile. On the other hand, Binance, being a global exchange, follows a more universal approach and uses the ticker symbol 'BCHABC' for Bitcoin Cash. This difference in ticker symbols can be confusing for users who trade on both platforms, but it's important to understand that it's simply a matter of different conventions and does not affect the actual trading of Bitcoin Cash.
  777156
• Dec 28, 2021 · 3 years ago
  The discrepancy in ticker symbols for Bitcoin Cash on Coinbase and Binance can be attributed to the fact that each exchange has its own listing standards and preferences. Coinbase, being a US-based exchange, follows the ticker symbol conventions used in the US stock market. Therefore, they use the ticker symbol 'BCH' for Bitcoin Cash, which is the same ticker symbol used for the stock of Bank of Chile. On the other hand, Binance, being a global exchange, follows a more universal approach and uses the ticker symbol 'BCHABC' for Bitcoin Cash. This difference in ticker symbols can cause confusion for users who trade on both platforms, but it's important to note that the underlying asset is still the same and the discrepancy is only related to the ticker symbols.
  769129