Financial Terms Glossary
The most important financial terms - with simple and concise explanations.
Cryptocurrencies
Cryptocurrencies are digital assets that are not created or guaranteed by a central bank or government agency and do not need to be tied to legal tender. Similar to central bank currencies, cryptocurrencies can be used as a medium of exchange. They are transmitted, stored and traded electronically via decentralized blockchain systems. Examples of well-known cryptocurrencies include Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Litecoin (LTC).