Cryptocurrencies are an emerging market which have become increasingly popular as major cryptocurrencies like Bitcoin and Ethereum have entered the mainstream.
The majority of cryptocurrencies, also referred to as simply ‘cryptos,’ are powered by Blockchain technology. They differ from established fiat currencies in that they are decentralised assets currently unregulated or controlled by any one country, central bank or regulatory authority.
While cryptocurrencies are not accepted as legal tender in the vast majority of countries around the world, their potential to change the wider financial landscape has made them impossible to ignore and has opened up investment and trading opportunities.
The Blockchain technology that drives most cryptocurrencies also has wider implications for everything from client-server models to food supply chains and enhanced cyber security protocols.
Trading cryptocurrencies is quite different from more traditional markets like Forex or Indices as, because they are relatively new assets, they are not influenced by many of the same forces as other more established markets.
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