A cryptocurrency is a digital currency, where security of making transactions is provided by using cryptography methods. The concept of the very first digital currency, Bitcoin, was introduced by Satoshi Nakamoto in 2008. Since the moment cryptocurrencies appeared, they have been growing in popularity quickly and at present may be considered as some of the most highly-demanded trading instruments. There are more than 1,500 cryptocurrencies in the world and this number is constantly growing.
Cryptocurrencies changed the face of global finance – touted as the next evolutionary stage of currency. If you want to be on bleeding edge of technology and the currency markets, then cryptocurrencies are the perfect choice.
Crypto Chart Overview
Bitcoin is a decentralized digital currency created by Satoshi Nakamoto in 2009.
Ethereum is an open-source platform for creating online services based on the blockchain technology. The units generated by the Ethereum platform are called Ether.
Dash is a decentralized payment system in the form of cryptocurrency, which uses the anonymous transactions technology.
Litecoin is another "fork" of bitcoin, a peer-to-peer electronic payment system, which uses the cryptocurrency with the same name.
Ripple is a cryptocurrency platform, which is a currency exchange and remittance network by Ripple.
Why Trade Cryptocurrencies?
Cryptocurrencies are seldom affected by policy changes or geopolitical instability – and we have seen markets treat it as a safe-haven because of this.
Cryptocurrencies are extremely active compared to traditional currencies. Prices can change remarkably within days or even hours. This creates a new frontier for trading.
Each market has its own benefits and disadvantages, knowing when and in what combination these should be taken advantage of can optimize your trading strategy.
We have seen cryptos enter the mainstream, skyrocket to five figures and plummet within a few months. CFDs allow you to both buy and sell the underlying cryptocurrency.