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

3 answers

• Magnified EntertainmentMay 22, 2021 · 4 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.
  324

  162
• Rubenilde SoaresFeb 19, 2024 · a year 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.
  301

  101
• Amirhossein KhadiviJul 17, 2024 · a year 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.
  295

  74