Cryptocurrency – The new form of digital cash!
Cryptocurrency markets are decentralised, which means they are not issued or backed by a central authority such as a government. Instead, they run across a network of computers. Cryptocurrency is a type of digital currency that generally only exists electronically. There is no physical coin / currency that allows you to encash. Bitcoin, Ethereum and Lite Coin are well-known cryptocurrencies, but there are many different cryptocurrency brands, and new ones are continuously being created.
Reasons why Cryptocurrencies are popular?
- People see cryptocurrencies as the currency of the future and they would want buy them before it becomes more valuable
- As a fact that Cryptocurrencies aren’t issued and managed by banks, the value of the cryptos doesn’t get reduced over time because of inflation
- The technology behind these cryptos is ‘blockchain’. It’s a decentralized processing and recording system and are considered to be more secure than the traditional payment systems.
We at Orient through our principals offer all major Cryptocurrencies like,
- Lite Coin
- Cardano & much more
How to trade Cryptocurrencies: Cryptocurrency trading through Orient offers access to Various crypto assets, which enables you to trade the high volatility of prices without ever owning the underlying coins. No wallet is required, simply go long or short based on your own view of the market direction.
A CFD account will allow you to trade cryptocurrencies online without the need to open a wallet or own the underlying assets.