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What is the definition of cable in the context of cryptocurrencies?

avatarMcGarry CarrMar 06, 2022 · 3 years ago3 answers

In the context of cryptocurrencies, what does the term 'cable' refer to?

What is the definition of cable in the context of cryptocurrencies?

3 answers

  • avatarMar 06, 2022 · 3 years ago
    Cable is a term commonly used in the cryptocurrency market to refer to the British Pound (GBP). It originates from the days when the exchange rate between the British Pound and the US Dollar was transmitted via a transatlantic cable. Today, 'cable' is still used as a shorthand for the GBP in cryptocurrency trading circles.
  • avatarMar 06, 2022 · 3 years ago
    When people talk about 'cable' in the context of cryptocurrencies, they are usually referring to the British Pound. It's just a slang term that has stuck around from the early days of cryptocurrency trading. So if you hear someone mention 'cable' in a crypto discussion, they're talking about the GBP.
  • avatarMar 06, 2022 · 3 years ago
    In the context of cryptocurrencies, 'cable' refers to the British Pound (GBP). It's called 'cable' because back in the day, the exchange rate between the British Pound and the US Dollar was transmitted via a transatlantic cable. So when people say 'cable' in the crypto world, they mean the GBP.