Cryptocurrencies are one of the newest vehicles for investment, and hold the potential to revolutionise finance.
Whether the revolution will occur with any of the current popular coins such as Bitcoin, Ethereum or Ripple or whether banks and businesses will simply strip and adapt the blockchain technology to their own needs remains to be seen.
As with all relatively new financial markets the lack of regulation has set up an almost ‘wild west’ landscape. Larger coins such as bitcoin are becoming more mainstream and have gained access to multiple large exchanges, however investors should still remain wary of the numerous ‘Crypto brokers’ that have materialised to service the public demand.
We would also advise caution when assessing any new ICO's (Initial Coin Offerings).
For more information on Cryptocurrencies from a regulated broker which has been established for over a decade, please feel free to contact the office.