The Cryptocurrency Stock Market: Where to Put Your Money

Investing in cryptocurrencies has suddenly grown from a niche investment to a mainstream one. It seemed unimaginable in 2012 that there would be a market for digital currencies like Bitcoin (CRYPTO: BTC). However, it has evolved into a $2 trillion business since then. Early crypto investors have reaped enormous rewards from the rapid increase in value & rapid expansion of the cryptocurrency market. As a result, identifying and investing within the next crypto unicorn has never been more popular. For the most precise information, visit the bitcoin era app.

These Businesses Have Huge Potential

An efficient and secure borderless peer-to-peer electronic currency payment system was the initial idea behind blockchain technology. This electronic ledger automatically monitors transactions between parties and certifies ownership of a crypto asset. An average person may invest in cryptocurrencies by purchasing small quantities of different cryptocurrencies. It will help them to diversify their investments. However, investing in firms that profit from blockchain-based asset uptake is a superior approach to obtain exposure to the market. 

Coinbase International, Inc.

In April 2021, cryptocurrency trading exchange Coinbase Global (NASDAQ: COIN) will go public for the first time. With over 50 altcoins available to trade, it is a well-known place to buy major cryptocurrencies, including Bitcoin, Ethereum, and Cardano (CRYPTO: ADA). The startup aims to be something more than a trading platform. 

Holdings of Square and PayPal

The lack of centralized intermediaries is at the core of any digital payment methodology. It was only a matter of time until Square (SQ) and PayPal (NASDAQ: PYPL) made it possible for customers to buy and store cryptocurrency in their digital wallets. Square’s Cash Software, a consumer-facing app, began facilitating Bitcoin trading towards the end of 2017. The trading option on Square did nothing to assist Square’s bottom line in 2020 or 2021 when Bitcoin was a significant income source. It is helping to promote the usage of Bitcoin as one of its corporate users, and this might make it a leading platform for enterprises and their consumers to deal in cryptos. 

AMD and Nvidia

Nvidia (NVDA) and AMD (AMD) are the top builders of graphics processing units, but they don’t deal directly with cryptocurrency (GPUs). The graphics processing units (GPUs) that were formerly only used to power the visuals in high-end video games are now coming in handy in data centers and artificial intelligence and the generation of cryptographic assets, among other things.

Shopify and Facebook

FB has been working on a new coin called Diem for some time now (NASDAQ: FB) (formerly Libra). A key goal of Diem is to provide a worldwide financial payment & infrastructure platform that is open to everyone, even those without bank accounts, such as almost one-third of the world’s population. There have been notable setbacks to the initiative, including the departure of high-profile participants Visa (NYSE: V), Card (NYSE: MA), and PayPal. 

Because bitcoin is currently mostly unregulated, government officials are wary about Diem and other decentralized digital currencies like it. The initiative is still in progress, though, and according to reports, Facebook is refocusing its efforts to meet its development objectives. By the year 2021, Diem may have been made available for purchase. 

Trading in Robinhood Securities

Users may now purchase cryptocurrency using Robinhood Markets (NASDAQ: HOOD), a famous discount brokerage app. Commission-free trading in Bitcoin, Ethereum, and Dogecoin (CRYPTO: DOGE) is available to investors around the clock. Because of this, crypto trading income has grown to account for a significant amount of the company’s overall sales. 

With the ability to scale the number of cryptocurrencies available on the platform, Robinhood will have a substantial competitive edge against both regular exchanges and decentralized ones. The firm may offer the same crypto-analytics services as Coinbase, which would help to build confidence in the booming industry and increase adoption.

Commodity Futures Trading Commission

When it comes to trading futures and options on financial assets such as stocks and bonds, CME Group (NASDAQ: CME) is a global leader in financial derivatives exchanges. Agriculture and mining items are traded on CME’s market, as are energy and stock indexes and currencies. CME Group is a crypto stock because of the latter. CME launched its first bitcoin futures market at the end of 2017 and launched an options market on bitcoin futures at the beginning of 2020. Ether (the cryptocurrency platform Ethereum’s unit of account) futures will be accessible on the market as of February 2021.