Take a look at our list of the financial terms associated with trading and the markets. From beginners starting their trading journey to experts with decades of experience, all traders need to clearly understand a huge number of terms.
Ethereum was launched in 2015, after founder Vitalik Buterin decided to improve on perceived problems with Bitcoin.
He wanted a cryptocurrency that could deliver outstanding functionality, especially in terms of processing speed. Ether's transaction speed is just 15 seconds, much faster than the 10 minutes Bitcoin transactions can take.
When most people talk about Ethereum, they are really talking about Ether (ETH), the underlying token currency of the Ethereum platform.
Ether is priced in USD. It was worth just $2.80 when it first launched, and hit an all-time high of $4,891.70 in November 2021.
Ethereum is the world's second-largest cryptocurrency by market cap. The cryptocurrency relies on blockchain, just like Bitcoin, but it is used in a different way. This has led many to view Ethereum has having real-world uses.
Compound cryptocurrency is all about supply and demand. Its protocol, based on Ethereum blockchain, creates money markets with interests algorithmically derived from supply and demand levels. Users can earn or pay a floating interest rate without need for negotiating with other parties. Compound is priced in USD and tradeable through the COMP/USD symbol.
MakerDAO describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another token, using the Ethereum protocol, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00. Maker is available on our platform in USD and is tradeable using the MKR/USD symbol.
Yearn.finance (YFI) is another Ethereum-led yield aggregator using the YFI token. Cryptos deposited on Yearn are leant out at the highest lending rate possible across a number of other platforms. Holders of YFI can participate in the protocol's governance and earn a percentage of the fees generated on the various Yearn Finance products through staking. Yearn is available on our platform via the YFI/USD symbol and is priced in USD.
AAVE is a decentralised lending system, letting users lend, borrow, and earn interest on crypto assets. It uses the Ethereum blockchain and works via a system of smart contracts that enables these assets to be managed by a distributed network of computers running its software. AAVE users don’t need to trust a particular person or institute to manage their assets. They only need to know the code will execute as written. AAVE is priced in USD and tradeable on our platform via the AAVE/USD symbol.
Ripple (XRP) is among the largest cryptocurrencies by market cap, following Bitcoin and Ethereum.
Ripple, known as XRP, is priced in USD. It saw a high of $3.20 in January 2018.
When people talk about Ripple they are not just talking about the currency, but the Ripple network which could change the way people complete currency transfers.
Unlike other crypto payment networks, Ripple allows you to make money transfers in any form - be that Ripple, Bitcoin, USD, Yen or GDP. Plus, you can receive money in a different form to how it has been sent. For example, you could be sent Bitcoin but collect your money in USD.
Payments can happen in seconds, a significant improvement on the days or weeks required for a wire transfer with a bank.
The payment network has already seen endorsements, with American Express and Santander partnering with it for cross-border payments between the US and UK.
A Cryptocurrency is a digital currency supported by decentralised cryptographic technology. It does not rely on any central authority such as a central bank or government like a traditional currency. Instead, transactions are verified by multiple independent computers along a network. This creates several benefits including speed and general transparency.
Cryptocurrency ownership is recorded in a digital ledger. This ledger then uses strong cryptography to maintain the integrity of transaction records. This controls the creation of more digital currency within the network and to verifies the transfer of coin ownership. Cryptocurrencies are generally viewed as a distinct asset class, yet do not exist in physical form.
What is an example of a cryptocurrency?
Some examples of popular cryptocurrencies are Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).
What is cryptocurrency CFD trading?
Cryptocurrency CFD trading is using CFDs to trade crypto. This enables traders to take a position on whether a cryptocurrency rises or falls. Cryptocurrency CFD trading opens up more trading opportunities as it allows traders to buy or sell the asset without physically owning it.
Compound cryptocurrency is all about supply and demand. Its protocol, based on Ethereum blockchain, creates money markets with interests algorithmically derived from supply and demand levels. Users can earn or pay a floating interest rate without need for negotiating with other parties. Compound is priced in USD and tradeable through the COMP/USD symbol.
AAVE is a decentralised lending system, letting users lend, borrow, and earn interest on crypto assets. It uses the Ethereum blockchain and works via a system of smart contracts that enables these assets to be managed by a distributed network of computers running its software. AAVE users don’t need to trust a particular person or institute to manage their assets. They only need to know the code will execute as written. AAVE is priced in USD and tradeable on our platform via the AAVE/USD symbol.
A Cryptocurrency is a digital currency supported by decentralised cryptographic technology. It does not rely on any central authority such as a central bank or government like a traditional currency. Instead, transactions are verified by multiple independent computers along a network. This creates several benefits including speed and general transparency.
Cryptocurrency ownership is recorded in a digital ledger. This ledger then uses strong cryptography to maintain the integrity of transaction records. This controls the creation of more digital currency within the network and to verifies the transfer of coin ownership. Cryptocurrencies are generally viewed as a distinct asset class, yet do not exist in physical form.
What is an example of a cryptocurrency?
Some examples of popular cryptocurrencies are Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).
What is cryptocurrency CFD trading?
Cryptocurrency CFD trading is using CFDs to trade crypto. This enables traders to take a position on whether a cryptocurrency rises or falls. Cryptocurrency CFD trading opens up more trading opportunities as it allows traders to buy or sell the asset without physically owning it.
Ethereum was launched in 2015, after founder Vitalik Buterin decided to improve on perceived problems with Bitcoin.
He wanted a cryptocurrency that could deliver outstanding functionality, especially in terms of processing speed. Ether's transaction speed is just 15 seconds, much faster than the 10 minutes Bitcoin transactions can take.
When most people talk about Ethereum, they are really talking about Ether (ETH), the underlying token currency of the Ethereum platform.
Ether is priced in USD. It was worth just $2.80 when it first launched, and hit an all-time high of $4,891.70 in November 2021.
Ethereum is the world's second-largest cryptocurrency by market cap. The cryptocurrency relies on blockchain, just like Bitcoin, but it is used in a different way. This has led many to view Ethereum has having real-world uses.
MakerDAO describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another token, using the Ethereum protocol, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00. Maker is available on our platform in USD and is tradeable using the MKR/USD symbol.
Ripple (XRP) is among the largest cryptocurrencies by market cap, following Bitcoin and Ethereum.
Ripple, known as XRP, is priced in USD. It saw a high of $3.20 in January 2018.
When people talk about Ripple they are not just talking about the currency, but the Ripple network which could change the way people complete currency transfers.
Unlike other crypto payment networks, Ripple allows you to make money transfers in any form - be that Ripple, Bitcoin, USD, Yen or GDP. Plus, you can receive money in a different form to how it has been sent. For example, you could be sent Bitcoin but collect your money in USD.
Payments can happen in seconds, a significant improvement on the days or weeks required for a wire transfer with a bank.
The payment network has already seen endorsements, with American Express and Santander partnering with it for cross-border payments between the US and UK.
Yearn.finance (YFI) is another Ethereum-led yield aggregator using the YFI token. Cryptos deposited on Yearn are leant out at the highest lending rate possible across a number of other platforms. Holders of YFI can participate in the protocol's governance and earn a percentage of the fees generated on the various Yearn Finance products through staking. Yearn is available on our platform via the YFI/USD symbol and is priced in USD.
EN
