What are the symbols used for renminbi in the cryptocurrency market?

3 answers

• May 08, 2022 · 3 years ago
  The most commonly used symbol for the Chinese renminbi in the cryptocurrency market is CNY. This symbol represents the official currency of China and is widely recognized in the crypto community. It is used by many exchanges and trading platforms to denote the value of the renminbi against other cryptocurrencies. So, if you see CNY on a cryptocurrency exchange, it means that the price is quoted in renminbi.
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• May 08, 2022 · 3 years ago
  When it comes to representing the Chinese renminbi in the cryptocurrency market, the symbol CNH is also used. CNH stands for 'offshore renminbi' and is used to denote the renminbi traded outside of mainland China. This symbol is commonly used in the forex market as well. So, if you come across CNH on a cryptocurrency exchange, it means that the price is quoted in offshore renminbi.
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• May 08, 2022 · 3 years ago
  At BYDFi, we use the symbol RMB to represent the Chinese renminbi in the cryptocurrency market. RMB is the official abbreviation for renminbi and is widely recognized in the financial industry. So, if you see RMB on our platform, it means that the price is quoted in renminbi. However, it's important to note that different exchanges and platforms may use different symbols to represent the renminbi, so it's always a good idea to double-check the symbol used by the specific platform you're using.
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