Token Overload Is Causing Confusion

With thousands of cryptocurrency tokens tradable on exchanges, and thousands more registered as ERC20s, confusion is inevitable. Many share extremely similar names and some have identical abbreviations. On Wednesday, one token pumped by 300% after a group of traders mistakenly bought it, thinking they were purchasing a different asset entirely.

Also read: Canadian Multinational Bank BMO Blocks Cryptocurrency Transactions

The Cryptoconomy Is Drowning in Tokens

The number of different...

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