What led to the decision of using different ticker symbols for Bitcoin Cash on Coinbase and Binance?

3 answers

• Dec 26, 2021 · 3 years ago
  Coinbase and Binance decided to use different ticker symbols for Bitcoin Cash due to differences in their internal systems and the need for clarity in trading. Coinbase chose to use the ticker symbol BCH, which represents the original Bitcoin Cash. On the other hand, Binance opted for the ticker symbol BCC, which was already being used by another cryptocurrency. This decision was made to avoid confusion and ensure accurate trading on their respective platforms.
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• Dec 26, 2021 · 3 years ago
  The decision to use different ticker symbols for Bitcoin Cash on Coinbase and Binance was primarily driven by technical and branding considerations. Coinbase wanted to align with the majority of the cryptocurrency community, which recognized Bitcoin Cash as BCH. Binance, on the other hand, had already listed another cryptocurrency with the ticker symbol BCC, and changing it would have caused unnecessary disruption. Therefore, they decided to use BCC as the ticker symbol for Bitcoin Cash on their platform.
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• Dec 26, 2021 · 3 years ago
  The decision to use different ticker symbols for Bitcoin Cash on Coinbase and Binance was influenced by the unique circumstances and priorities of each exchange. Coinbase, being one of the largest cryptocurrency exchanges, wanted to maintain consistency with the broader industry and adopted the widely accepted ticker symbol BCH. Binance, as a global exchange with a diverse user base, chose to stick with the ticker symbol BCC to avoid confusion and ensure a seamless trading experience for their users. Ultimately, these decisions were made to best serve the interests of their respective communities.
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