Why does Poloniex use 'STR' as the ticker symbol for Stellar Lumens while Coinbase uses 'XLM'?

6 answers

• John EdwardsFeb 23, 2023 · 3 years ago
  Poloniex and Coinbase are two different cryptocurrency exchanges, and they have the freedom to choose their own ticker symbols for different cryptocurrencies. The choice of 'STR' by Poloniex and 'XLM' by Coinbase for Stellar Lumens is purely a matter of preference and branding. It is not uncommon for different exchanges to use different ticker symbols for the same cryptocurrency.
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• Andhika MuldaniMay 28, 2024 · 2 years ago
  The ticker symbol for a cryptocurrency is like its abbreviation or code. It helps to identify and differentiate different cryptocurrencies in the market. Poloniex might have chosen 'STR' as the ticker symbol for Stellar Lumens based on their internal criteria or to align with the preferences of their users. Similarly, Coinbase might have chosen 'XLM' based on their own considerations. It's important to note that ticker symbols can vary across different exchanges.
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• Jodi SudarsoApr 12, 2022 · 4 years ago
  As an expert in the cryptocurrency industry, I can say that the choice of ticker symbol for a cryptocurrency is often influenced by various factors. In the case of Poloniex, they might have chosen 'STR' to represent Stellar Lumens due to its previous name 'Stellar'. On the other hand, Coinbase might have opted for 'XLM' to align with the commonly used abbreviation for Stellar Lumens. It's worth mentioning that different exchanges can have different ticker symbols for the same cryptocurrency.
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• Juan Dela CruzFeb 25, 2022 · 4 years ago
  The use of 'STR' by Poloniex and 'XLM' by Coinbase as ticker symbols for Stellar Lumens is a result of their respective branding strategies. Each exchange has its own unique approach to branding and may choose ticker symbols that align with their overall brand image. It's important to remember that ticker symbols are not standardized across all exchanges, and different exchanges may use different symbols for the same cryptocurrency.
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• Talita PiccirilloJun 12, 2020 · 6 years ago
  Poloniex and Coinbase are both reputable cryptocurrency exchanges, and they have the autonomy to select ticker symbols for the cryptocurrencies they list. The choice of 'STR' by Poloniex and 'XLM' by Coinbase for Stellar Lumens is simply a matter of preference and branding. It's not uncommon for exchanges to use different ticker symbols for the same cryptocurrency, as there is no universal standard for ticker symbols in the cryptocurrency industry.
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• DanielBerFeb 23, 2022 · 4 years ago
  When it comes to ticker symbols for cryptocurrencies, each exchange has the flexibility to choose their own. Poloniex and Coinbase have independently decided to use 'STR' and 'XLM' as the ticker symbols for Stellar Lumens, respectively. This discrepancy in ticker symbols is not unusual in the cryptocurrency market, as exchanges often have their own unique conventions and preferences for representing cryptocurrencies.
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