Why is Stellar Lumens referred to as 'STR' on Poloniex and 'XLM' on Coinbase?

7 answers

• Furqan ChohdaryNov 14, 2022 · 3 years ago
  Different cryptocurrency exchanges use different ticker symbols for Stellar Lumens because there is no standardization in the cryptocurrency industry. Each exchange has the freedom to choose the ticker symbol they prefer. Poloniex uses 'STR' as the ticker symbol for Stellar Lumens, while Coinbase uses 'XLM'. This can sometimes cause confusion for users who are trading Stellar Lumens on multiple exchanges.
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• Blevins RiosDec 14, 2021 · 4 years ago
  The choice of ticker symbol for a cryptocurrency on an exchange is often influenced by historical reasons or the preference of the exchange's team. In the case of Stellar Lumens, 'STR' was the original ticker symbol used when the cryptocurrency was launched. However, as the popularity of Stellar Lumens grew, some exchanges, like Coinbase, decided to switch to 'XLM' to align with the commonly used abbreviation for Stellar Lumens.
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• ChachlykkJun 12, 2021 · 4 years ago
  Stellar Lumens is referred to as 'STR' on Poloniex and 'XLM' on Coinbase because each exchange has its own naming conventions for cryptocurrencies. This is not unique to Stellar Lumens; many cryptocurrencies have different ticker symbols on different exchanges. It's important for traders to be aware of these differences and double-check the ticker symbol before making any transactions.
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• Sukrit DobhalAug 13, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the choice of ticker symbol for a cryptocurrency on an exchange is ultimately up to the exchange itself. Different exchanges may have different preferences or naming conventions. In the case of Stellar Lumens, 'STR' and 'XLM' are both widely recognized ticker symbols. It's important for users to be familiar with the ticker symbols used on the exchanges they trade on.
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• Rifle DragonMay 02, 2023 · 2 years ago
  The use of different ticker symbols for Stellar Lumens on different exchanges is simply a matter of preference and convention. There is no right or wrong ticker symbol for a cryptocurrency. It's important for users to understand that 'STR' and 'XLM' both refer to the same cryptocurrency, Stellar Lumens, regardless of the exchange they are trading on.
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• ILHAM PUTRA WICHAKSONOSep 13, 2020 · 5 years ago
  Different exchanges using different ticker symbols for Stellar Lumens is just another example of the diversity and decentralization of the cryptocurrency market. It's important for users to adapt to these differences and stay informed about the ticker symbols used on the exchanges they use.
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• Toni WarkentinDec 09, 2021 · 4 years ago
  BYDFi, a digital currency exchange, uses the ticker symbol 'XLM' for Stellar Lumens. This is in line with the ticker symbol used by Coinbase. The choice of ticker symbol is ultimately up to the exchange, and BYDFi has chosen to use 'XLM' to align with the commonly used abbreviation for Stellar Lumens.
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