• MARKET
Market Cap:
$3.12 T
24h Volume:
$91.13 B
Dominance:
60.82%

XBT

XBT Key Points

  • XBT is a ticker symbol for Bitcoin, typically used on financial trading platforms.
  • It is not the official ISO 4217 standard code for Bitcoin, which is BTC, but is often used due to its compliance with international standards for currency codes.
  • XBT and BTC represent the same cryptocurrency, Bitcoin, and there is no difference in value between them.
  • The use of XBT is more prevalent in certain regions and on certain platforms.

XBT Definition

XBT is an alternative ticker symbol for Bitcoin, used primarily on financial trading and foreign exchange platforms. It represents the same digital cryptocurrency as BTC, but its use is not as widespread.

What is XBT?

XBT is a ticker symbol representing Bitcoin, the world’s first and most widely used cryptocurrency. It is an alternative to the more commonly used BTC symbol. Despite the difference in notation, XBT and BTC refer to the same cryptocurrency and hold the same value. The use of “X” denotes that Bitcoin is a supranational currency not associated with any particular country, in line with ISO 4217 standards.

Who Uses XBT?

XBT is primarily used by certain financial trading and currency exchange platforms, such as Bloomberg terminals and Kraken. It is also commonly used in certain regions of the world, including some parts of Europe. However, the majority of platforms and users still use the BTC symbol.

When is XBT Used?

XBT is used whenever transactions involving Bitcoin are carried out on platforms or in regions where this symbol is preferred. It can be used interchangeably with BTC in these areas.

Where is XBT Used?

XBT is used globally, but its adoption varies from platform to platform and region to region. Some notable platforms that use XBT include Bloomberg terminals and Kraken, a popular cryptocurrency exchange. Certain regions, particularly parts of Europe, also prefer the use of XBT over BTC.

Why Use XBT?

Some platforms and regions prefer to use XBT as it aligns more closely with the international standards set by ISO 4217 for currency codes. These standards dictate that non-national currencies, including Bitcoin, should be represented with a code beginning with “X”.

How is XBT Used?

XBT is used in the same way as BTC. It represents Bitcoin for trading, investing, and transaction purposes. When used on platforms or in regions that favor this symbol, it can be seen in price charts, trading pairs, and transaction records, among other places.

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