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What is ITIN?
So far, tokens and exchanges chose ticker symbols deliberately. As a result, the same token might trade under different ticker symbols on different exchanges, or different tokens might even be listed under the same symbol. For instance, Bitcoin trades under the symbols XBT, BTC, or BTX. This practice is confusing and represents a risk for investors and other market players.
The International Token Identification Number (ITIN), is an open market standard for the safe and secure identification of cryptographic tokens and their use in DeFi and NFTs across blockchains. Its large implementation will drastically increase transparency and reduce operational risks.