Market Instruments

Cryptocurrencies

Trade Cryptocurrency with GIB

Trade some of the most popular cryptocurrencies in the world.

Why Trade Cryptocurrencies?

Cryptocurrencies are an Internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. Blockchain technology is incorporated within the transactions, which means that each transaction will be validated via the blockchain. This also ensures each transaction enjoys transparency and immutability due to the blockchain’s decentralized, secure nature.

Here are some of the more popular cryptocurrencies in existence:

BITCOIN (BTC/USD)

Bitcoin is the world’s first-ever decentralized digital currency. Unlike previous traditional currencies, which were frequently backed by gold and silver, Bitcoin is based on distributed computing. While traditional currencies are printed by central banks, Bitcoins are created or 'mined' by distributed computer networks.

ETHEREUM (ETH/USD)

Ether is the digital currency used by Ethereum. Ether is the fuel or 'gas' used to pay for transactions made on the Ethereum platform. It gives participants a reason to contribute resources used by the platform, thereby ensuring a robust network. Further, it provides developers with incentive to write efficient code, as inefficient software programs are more expensive.

LITECOIN (LTC/USD)

Litecoin is an is an alternative cryptocurrency based on the model of Bitcoin, which was created by a former Google engineer and launched in the year 2011. They both are similar in many ways as they are both open-sourced and decentralized forms of digital currency. Because of the close relationship between the two, many have described Litecoin as being the silver to Bitcoin's gold.

BITCOIN CASH (BCH/USD)

Bitcoin Cash is a cryptocurrency that forked from Bitcoin in 2017. Its one major difference is that the blocks in Bitcoin Cash's blockchain allow far more space and therefore have the capacity to hold significantly more transactions.

RIPPLE (XRP/USD)

XRP is the native token of the Ripple network. Ripple is a cryptocurrency platform that facilitates exchange between participants via the online space. However, unlike Bitcoin and Litecoin instead of the primary objective being the creation of a decentralized and anonymous peer-to-peer mode of transfer, the target audiences for XRP are traditional banking institutions and is used to settle cross-border and cross-bank transactions transparently.

EOS (EOS/USD)

EOS is the cryptocurrency of the EOS network, a blockchain platform built for developing dApps (distributed apps). The main aim of EOS is to create a more scalable, flexible and effective platform.