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Can you explain the meaning of EST in relation to cryptocurrencies?

avatarCowan SchmidtNov 28, 2021 · 3 years ago3 answers

What does EST mean in the context of cryptocurrencies? I've come across this term multiple times but I'm not sure what it stands for or how it relates to cryptocurrencies. Can you provide some insights?

Can you explain the meaning of EST in relation to cryptocurrencies?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    EST stands for Eastern Standard Time. It is a time zone used in North America, and it is often used in the context of cryptocurrency trading to indicate the time of a particular event or transaction. For example, if a cryptocurrency exchange announces that a new feature will be launched at 10:00 AM EST, it means that the feature will be available at that specific time in the Eastern Standard Time zone. It's important to note that cryptocurrency markets operate 24/7, so understanding the time zone referenced in announcements can help traders plan their activities accordingly.
  • avatarNov 28, 2021 · 3 years ago
    EST in relation to cryptocurrencies refers to the Eastern Standard Time zone. It is commonly used in the cryptocurrency industry to specify the timing of events, such as exchange listings, token sales, or market updates. Cryptocurrency markets are global and operate around the clock, so using a specific time zone like EST helps to avoid confusion and ensure that everyone is on the same page when it comes to timing. Keep in mind that if you're in a different time zone, you may need to convert EST to your local time to participate in time-sensitive activities.
  • avatarNov 28, 2021 · 3 years ago
    EST, which stands for Eastern Standard Time, is often used in the world of cryptocurrencies to indicate the timing of events or announcements. Cryptocurrency exchanges and projects often specify that certain activities will take place at a specific time in EST to provide clarity and avoid any confusion due to different time zones. It's important to be aware of the time zone being referenced, especially if you're in a different part of the world. Converting EST to your local time can help you stay informed and participate in time-sensitive activities in the cryptocurrency space.