Crypto Asset

Cryptocurrency or crypto asset has the same definition in terms of finance. A crypto asset is a part of the digital assets or currencies that are intangible e-money. Crypto assets are mostly unregulated around the globe but are gradually being regulated in several countries.

There are several crypto assets in the market depending upon their use case. Some examples of crypto assets are Bitcoin, Litecoin, Ethereum, Ripple, etc. Cryptographic techniques are used to access these digital assets. These behave as a medium of the transaction between two or more parties. The financial markets have suffered a seismic shift with the crypto assets.

During the transaction of crypto assets, the intervention of an intermediary party is not required, unlike traditional transactions. These assets can be transferred peer to peer with the use of a technology called a blockchain. These types of assets depend upon the distributed ledger technology of blockchain. There are three primary use cases of crypto assets– access to services or goods, investment, or as a means of exchange. Some of these crypto assets with great fundamentals and use cases are also held as investments for future gains despite the market being volatile and unpredictable.