The answer is simple: there is already a currency with this ISO 4217 currency code that stands for a European Unit of Account. The state of adoption Now that you know the origin of the ‘XBT’ ticker (if you knew about its existence in the first place), let’s compare it with BTC, the old-timer that has been associated with Bitcoin since its very inception in 2008. ISO 4217 is a standard published by International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: Table A.1 – Current currency & funds code list It’s used in the ISO 4217 codes for metals like XAU (gold), XAG (silver) and XPT (platinum), for instance. Also BTC could conflict with BTN which is the abbreviations of Bhutan’s currency, however on the real Bitcoin brokers Bhutan’s currency is usually not in use, that might be the reason why many brokers don’t care and use “BTC” in their listings. Binance est une plateforme de négociation pour crypto-monnaie offrant la possibilité d'échanger plus de 160 crypto-monnaies dans un environnement ultra liquide et dynamique. Visitez » site officiel La puissante plateforme d’échange de crypto-monnaie offerte par Binance est conçue pour traiter Wer Bitcoin mit XBT bezeichnet, rückt die Kryptowährung also in die Nähe von Edelmetallen und bekräftigt den Anspruch, es handele sich um „digitales Gold“. Auch andere Kryptowährungen orientieren sich an ISO 4217, z.B. Ripple (XRP), Stellar (XLM) oder Monero (XMR). ISO 4217 est une norme publiée par l'Organisation internationale de normalisation (ISO) qui définit des codes alphanumériques et des codes numériques pour la représentation des monnaies et fournit des informations sur les relations entre les monnaies individuelles et leurs unités mineures. Ces données sont publiées dans trois tableaux: Tableau A.1 - Liste des codes de devise et de ... Binance: BNB conflicts with ISO 4217, because BN stands for Brunei Darussalam. BSV: 8: Bitcoin SV: BSV (Bitcoin Satoshi Vision) conflicts with ISO 4217, because BS stands for Bahamas. BTC, XBT: 8: Bitcoin: BTC conflicts with ISO 4217, because BT stands for Bhutan. DASH: 8: Dash: DASH is of non-standard length. EOS: 4: EOS: ETH: 18: Ether ISO 4217 standard and the use of acronym XBT. According to ISO 4217 standards there are certain rules that defines the codes of both national currencies and supranational assets like Gold, Silver, Platinum. According to them the first 2 letters of the three-digit code should be the country code and the last letter should denote the initial letter of the national currency. For Example: USD ... ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, country codes (alpha and numeric), and references to minor units in three tables: . Table A.1 – Current currency & funds code list Table A.2 – Current funds codes Table A.3 – List of codes for historic denominations of currencies & funds Bitcoin Mercantile Exchange, or BitMEX, ... ( The popular ticker name ‘BTC’ violates ISO 4217, and as according to this standard, it goes against the currency of Bhutan. Hence Bitmex went with the XBT ticker). Read our comprehensive guide on best cryptocurrency exchanges. Binance has one of the broadest offerings when it comes to supported cryptocurrencies. The number of coins keeps ...
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