Emerging over the last decade and poised as the asset class of the future, cryptocurrency provides a new system of transactions, which offers exciting prospects for live trading.
With new industries rapidly adopting blockchain technology, recent years have seen cryptocurrencies quickly rise in value – offering traders a greater opportunity than ever to get involved with these new instruments.
Large corporations trade on the FX market to control revenues and expenses incurred in various currencies through hedging whereby a trade or multiple trades are opened in order to try and minimize on the losses in other trades.
In 2017, Bitcoin underwent a hard fork to solve scaling issues and in doing so created a new blockchain that resulted in the Bitcoin Cash cryptocurrency.
Ethereum is currently ranked as the second most valuable cryptocurrency in market capitalisation. Instead of focusing purely on transactions like Bitcoin, Ethereum serves a greater variety of industry uses giving it a competitive edge to other cryptos.
Short for “Digital Cash”, Dash was created in an attempt to improve the speed and anonymity of crypto transactions. Being the first cryptocurrency with a decentralised governance, Dash has been able to create an efficient payment system that has led to having higher liquidity than its counterparts, making it one of the most valuable instruments in this asset class.