BTC VS XBT: WHAT'S THE DIFFERENCE?

Most assets, such as currencies, metals and stocks, are only 1 times as fully compliant with international standards.

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However, this is not the case in Bitcoin due to its unregulated nature. 

Bitcoin has two widely used ticks: BTC and XBT.

Let's explore the differences and their origins.

Why is it called BTC?

Satoshi Nakamoto always calls Bitcoin “Bitcoin,” never “BTC.”

Bitcointalk.org while the entity was discussed in forums such as the, the acronym BTC was naturally chosen by the Bitcoin community.

When the first Bitcoin exchanges were launched, they also adopted toner, which further legitimized it.

Why is XBT called?

Some exchanges call Bitcoin XBT for breaching BTC. ISO 4217Standart is a delineated currency indicator.

The ISO 4371 standard creates abbreviations based on the first two letters of the currency's country code, and the third is usually the first letter of the currency's name.

Some examples:

• USD: US Dollar

• JPY: Japanese yen

• GBP: UK pound

This same standard also states that if a currency is not bound to a particular country, its number must begin with an “X”.

Some examples:

Since Bitcoin is clearly a currency that does not belong to a certain country, technically, it should start with an “X.” Therefore “XBT".



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