Cryptocurrency, also known as crypto-currency, digital currency or virtual currency, is created to function as a medium of exchange that uses cryptography to ensure the security of transactions and to control the transaction units. Cryptocurrency was created from a decentralized consensus mechanism, as opposed to a centralized regulatory system, which the banking financial system operates on. Cryptocurrency is also an application based on blockchain technology. Its birth has brought the financial world into a new era.

Significantly different from traditional fiat currencies, cryptocurrency operates independently of traditional banking and government systems. Nevertheless, investors can still buy, sell, and invest in cryptocurrencies like other assets, and even trade on price trends of various cryptocurrencies through CFDs.