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. Differing from Bitcoin in how it scales its protocol, this instrument has divided many enthusiasts and represents a step forward in crypto trading and the possibilities of solving technical issues with cryptocurrencies.
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. These extended uses include smart contracts and blockchain application platforms, which have allowed Ethereum to have large price changes in recent months, making it a volatile instrument for clients to trade.
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.
Launched initially in 2011 as an alternative to Bitcoin, Litecoin uses a simpler algorithm for block generation to speed up transactions. This faster speed has allowed Litecoin to become a very popular trading instrument with an increasing market capitalisation in recent years.