Cryptocurrencies
A cryptocurrency is a digitally-encrypted, decentralized currency that is not connected to or controlled by any government or central bank. Unlike traditional currencies such as the US dollar (issued by the Federal Reserve), euro (European Central Bank), or Japanese yen (Bank of Japan), cryptos are entirely digital.
Cryptocurrencies generally fill two primary roles:
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- Payment system for goods and systems
- Speculative instruments for trading and investing
Cryptocurrencies are not available for trading with FOREX.com US.
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Ready to open a traditional currency trading account? Get started.
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Source:
GAIN Capital UK Ltd. These prices are for informational purposes only.
Source:
GAIN Capital UK Ltd. These prices are for informational purposes only.
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Popular Cryptocurrencies
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Bitcoin
Since it's inception in 2009, Bitcoin has grown rapidly in prominence as the world's first and most popular cryptocurrency. -
Litecoin
Launched in 2011, Litecoin is used primarily as a payment transaction cryptocurrency that has been called “silver to Bitcoin’s gold.”
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Ethereum
Released in 2015, Ethereum has rapidly gained popularity on the heels of Bitcoin, and currently has a market capitalization second only to Bitcoin among cryptocurrencies. -
Ripple
Created in 2012, Ripple differs from Bitcoin in that it does not require mining to create the cryptocurrency.
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Trading futures contracts or commodity options involves significant risk of loss and is not suitable for all investors.
Futures accounts will be held and maintained at GAIN Capital Group, LLC, a registered Futures Commission Merchant ("FCM").
FCM Financials 1.55 Disclosures DocumentGAIN CAPITAL GROUP, LLC IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.
