Ticker symbol is a unique combination of letters (and sometimes numbers) used to shorten the name of a stock or cryptocurrency. An example is “BTC” for Bitcoin.
Tickers make writing and reading huge lists of crypto or stock quicker. Instead of reading a long name like “MaidSafeCoin”, you can read 3-4 short letters, “MAID”.
Tickers are also useful when differentiating between two cryptocurrencies with a similar name. For example, there is Bitcoin (BTC) and Bitcoin Cash (BCH), two completely different cryptocurrencies.
Here are some more examples of tickers:
- Litecoin’s ticker is “LTC”
- Ethereum’s ticker is “ETH”
- Monero’s ticker is “XMR”
- Apple’s ticker is “AAPL”
- Amazon’s ticker is “AMZN”
- Microsoft’s ticker is “MSFT”