Foreign Exchange (Forex)
The forex market is the largest, most liquid financial market in the world. In 2019, the daily FX volume reached USD $5.3 Trillion daily average, according to data from the Bank for International Settlements (BIS). Forex traders make basic purchases and sales transactions to take positions on currency pairs. The foreign exchange market is open 24-hours a day on weekdays and forex trading takes place on many different exchanges across the world.
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Bitcoin is the first peer-to-peer decentralized cryptocurrency on a blockchain network, was launched in early 2009 by pseudonymous creator Satoshi Nakamoto. Of the more than 10,000 cryptocurrencies on the market today, bitcoin is the largest crypto measured by market capitalization ($787 billion). New bitcoins are mined every ten minutes, but only 21 million bitcoins will ever be produced. This helps maintain bitcoin’s value because it is not prone to an inflationary environment but a deflationary one.
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