Cryptocurrency news

What are Cryptocurrencies?

Cryptocurrencies are digital currencies that are not controlled by central banks and governments.

  • Cryptocurrencies are traded on specialist platforms
  • You can also trade cryptocurrency price movement using CFDs
  • Cryptocurrencies do not always follow normal economic factors like interest rates

Cryptocurrency Analysis and Insights

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What are Cryptocurrencies?

Cryptocurrencies are digital currencies that are not controlled by central banks and governments. Cryptocurrencies were born to serve a need for international currency transactions and payments outside the conventional banking system. Their inventors wanted cheaper ways to make payments. Since then the Ccryptocurrency market has expanded massively. Today it involves everyone from large banks to small investors.

The Cryptocurrency market is composed of over 1500 different Cryptocurrencies, but only a handful of widely recognised market leaders, like Bitcoin, Ripple and Ethereum.

  • Cryptocurrencies are not traded on a central exchange
  •  Each Cryptocurrency is different in terms of the way new currency is created
  • Trading Cryptocurrencies can be performed via special electronic wallets (this can sometimes takes hours or even days to make a transaction) or with Spread Betting and CDFs (which don't rely on a virtual wallet).

Trading Cryptocurrencies

Like normal foreign exchange markets, the Cryptocurrency market can be fast-moving and quickly impacted by positive or negative news. The infrastructure supporting Cryptocurrencies is still in its infancy. You can still trade Cryptocurrencies using contracts for difference (CFDs).

Cryptocurrency prices are driven by news flow for the most part, particularly news affecting the ongoing development of individual Cryptocurrencies, and the wider and increasing acceptance of Cryptocurrencies by the banks and regulators.