Why can two crypto tokens have the same ticker symbol?

Ticker symbols are not globally unique or authoritative. Anyone may create a token with a familiar name or logo on a permissionless chain.

The answer

Ticker symbols are not globally unique or authoritative. Anyone may create a token with a familiar name or logo on a permissionless chain.

What to do next

Verify the blockchain, exact contract address and issuer documentation before swapping or depositing. An exchange listing is not proof of equivalence across networks.

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Frequently asked questions

Is the contract address more useful than a token logo?

Yes. Contract and chain identification are essential when verifying a token.

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