What is the meaning of sterling in the context of cryptocurrencies?

3 answers

• Enevoldsen FordNov 12, 2024 · 8 months ago
  In the context of cryptocurrencies, the term 'sterling' is often used to refer to the British pound (GBP). It is used to denote the value of cryptocurrencies in terms of the British pound. For example, if the price of Bitcoin is quoted as '£10,000 sterling', it means that one Bitcoin is worth £10,000 in British pounds. This is commonly used in cryptocurrency exchanges and trading platforms to provide users with a familiar reference point for the value of cryptocurrencies.
  476

  238
• StevenAug 23, 2022 · 3 years ago
  When people talk about 'sterling' in the context of cryptocurrencies, they are usually referring to the British pound. It's just another way of saying 'British pound' or 'GBP'. Cryptocurrency prices are often quoted in terms of different fiat currencies, and 'sterling' is used to specify the British pound as the reference currency. So when you see a price like '10,000 sterling' for a cryptocurrency, it means that the value of that cryptocurrency is equivalent to 10,000 British pounds.
  489

  163
• Hickman DejesusNov 11, 2020 · 5 years ago
  In the context of cryptocurrencies, 'sterling' is a term used to refer to the British pound. It is commonly used in cryptocurrency exchanges and trading platforms to indicate the value of cryptocurrencies in terms of the British pound. For example, if you see a price of '10,000 sterling' for a cryptocurrency, it means that the value of that cryptocurrency is equivalent to 10,000 British pounds. This is useful for traders and investors who want to understand the value of cryptocurrencies in a familiar currency.
  515

  129