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

McCurdy EriksenFeb 01, 2024 · 2 years ago3 answers

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

3 answers

  • Magnified EntertainmentJul 20, 2025 · 4 months 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.
  • Rubenilde SoaresMar 15, 2023 · 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.
  • Amirhossein KhadiviAug 13, 2025 · 3 months 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.

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