WHAT IS CRYPTOCURRENCY?
Cryptocurrency is a technological innovation utilizing distributed ledger and decentralized transaction validation to enable secure & anonymous transfers of value across the Internet. The earliest cryptocurrency (Bitcoin) was created in January 29, 2009, just three months after the financial crisis of 2008. At that point, the valuation of 1 BTC was approximately $0.00076, Bitcoin is now worth more than $20,000 as of December 2017.
Bitcoin, designed based on a paper by the eponymous Satoshi Nakamoto, is a decentralized currency that enables peer-to-peer transactions across the Internet, without relying on a single point of central vulnerability for validating or authenticating new ledger entries. Unlike traditional online payment processors or e-payment gateways, Bitcoin does not depend on a trusted third party for the transaction, it is entirely decentralized, relying on a ledger of transactions distributed across a worldwide network of computers. Transactions in this ledger from account to account can be reviewed, but not the identities of account holders, and are stored on what is called "the blockchain".
Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications, or issue smart contracts/tokens on a similar platform. Most ICOs (Initial Coin Offerings) use the Ethereum ERC20-compliant framework, and trade/transact accordingly on the Ethereum ledger. It has a significantly smaller per unit cost than Bitcoin, and current has the second highest market cap among cryptocurrencies second only to Bitcoin, since its initial release in 2015.
Started in 2011, Litecoin is a similar version of Bitcoin that uses a different transaction encryption protocol which is faster and cheaper transaction costs. It uses essentially the same technical architecture of Bitcoin, and currently transaction speeds are approximately 100x faster than Bitcoin’s average
Implemented in 2014 as an open source peer-to-peer Cryptocurrency. On top of Bitcoin's feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.
A decentralized and open-source Cryptocurrency aimed at using cryptography to provide enhanced privacy protections. While the original Bitcoin blockchain contains all records of the value and amounts of each transaction, Zcash allows users to opt-in to shielded transactions which hide the sender, recipient, and value records on the blockchain. Initially released in 2016.
A decentralized and open-source Cryptocurrency aimed at using cryptography to provide enhanced privacy protections. Unlike other cryptocurrencies, it is designed to have all transactions fully shielded and anonymized by default. It uses zero-ring cryptography to validate transactions on its ledger while ensuring that no transaction information is visible on the ledger. Initially released in 2016.
Benefit of CryptoCurrencies Derivatives
Futures and derivatives allow investors to take up positions on cryptocurrencies without owning any of the actual cryptocurrency such as Bitcoin or Ethereum. The use of leverage also allows you to increase profitability with a smaller amount of capital. UGA provides superior liquidity compared to traditional online escrow or OTC / P2P trading, as we enable investors to trade STP (straight through processing) viaour ECN (electronic communication network) where multiple liquidity providers facilitate transactions at the most competitive price available.
Timeline of Bitcoin Since Day 1
Cryptocurrency markets operate independently of any government or central bank intervention. There are no significant interbank or large fund managers controlling orders or manipulating price fluctuations. Price movements on Cryptocurrencies are driven mainly by news and market sentiment, eg. When the CBOE and CME announced they will start trading Bitcoin futures contracts on their respective exchanges, speculators bought in on the news causing the Bitcoin price worldwide to raise dramatically. Another recentexample was when China banned all ICO issuances locally, the price of Bitcoin fell by USD $2,000
The United Global Asset Cryptocurrency CFD products grant you exposure to such price movements without physically owning the Cryptocurrency. This means you can get invest in a directional view of various crypto currencies without worrying about the technical aspects of maintaining a wallet or your cryptocurrencies account balance being hacked.
Benefits of Trading CryptoCurrency With us
- You can initiate a sellposition before even owning a physical asset (naked shorting)
- No need to actually own Bitcoin balances to trade on Bitcoin price movements
- Unlikeconventional exchanges, you do not need to actually purchase or hold a cryptocurrency balance before trading cryptocurrency CFDs,because all settlement is performed in cash.
- Your trades through our platform will have superior price discovery across multiple exchanges and liquidity providers
- As an ECN participating broker you get to trade with multiple market-makers and liquidity provider, enabling nearly instantaneous entry / exits of positions
- Maximize your gains with leverage. We allow up to 5x leverage, which means you only require 20% of the each position as capital to begin trading!