Here is a list of commonly used abbreviations on Binance (and in crypto in general), along with their full forms and brief explanations:
✅ Major Cryptocurrencies on Binance
Abbreviations👉Full Form and 👉Description
🔰BNB➡️Build and Build (originally Binance Coin)➡️Native token of Binance ecosystem
🔰BTC➡️Bitcoin➡️First and most well-known cryptocurrency
🔰ETH➡️Ethereum➡️Decentralized smart contract platform
🔰USDT➡️Tether (USD Tether)➡️Stablecoin pegged to the US dollar
🔰USDCUSD➡️CoinAnother USD-pegged stablecoin
🔰BUSD➡️Binance USD(Now discontinued) ➡️Stablecoin by Binance
🔰ADA➡️Cardano➡️Blockchain platform for smart contracts
🔰SOL➡️Solana➡️High-speed blockchain for decentralized apps
🔰XRP➡️Ripple(technically the token is XRP)➡️Payment protocol and cryptocurrency
🔰DOGE➡️Dogecoin➡️Meme cryptocurrency created as a joke
🔰SHIB➡️Shiba➡️ InuMeme token similar to Dogecoin
🔰DOT➡️Polkadot➡️Blockchain interoperability protocol
🔰AVAX➡️Avalanche➡️High-speed smart contract platform
🔰MATIC➡️Polygon (MATIC)➡️Ethereum scaling solution
🔰TRX➡️Tron➡️Decentralized content sharing platform
🔰LTC➡️Litecoin➡️Bitcoin fork for faster transactions
✅ Stablecoins & Fiat Tokens
Abbreviation👉Full Form👉Description
🔰DAI➡️Dai➡️Decentralized stablecoin on Ethereum
🔰TUSD➡️TrueUSD➡️USD-backed stablecoin
🔰FDUSD➡️First Digital USD➡️Stablecoin backed by First Digital Trust
🔰EUR➡️Euro➡️European fiat currency
🔰GBP➡️Great British Pound➡️UK fiat currency
🔰TRY➡️Turkish Lira➡️Turkish fiat currency
🔰BRL➡️Brazilian Real➡️Brazilian fiat currency
✅ Other Binance-related Abbreviations
Abbreviation👉Full Form👉Description
🔰CEX➡️Centralized Exchangee.g., Binance
🔰DEX➡️Decentralized Exchangee.g., Pancake
🔰SwapNFT➡️Non-Fungible Token➡️Unique digital assets
🔰IEO➡️Initial Exchange Offering➡️Token sale on a centralized exchange
🔰ICO➡️Initial Coin Offering➡️Crowdfunding via token issuance
🔰KYC➡️Know Your CustomerIdentity verification process
🔰DeFi➡️Decentralized Finance➡️Financial services on blockchains
🔰TVL➡️Total Value Locked➡️Amount of crypto locked in DeFi protocols.
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