Investing in Crypto Market: The New Financial Destination

Investing in Crypto Market: The New Financial Destination


Finance is an important part of all organizations. Finance plays a major role in this modern era of industrialization and automation. Many organizations are facing financial difficulties in the global market. In these challenging times, professional financial managers are working on appropriate strategies to help organizations improve their financial health and increase the performance of their business.

Financial management is the basic function of management in all organizations and in all vertical positions. It is one area in which, to a large extent, we are responsible for driving business growth.

The Crypto currency market is one such market that is volatile in the global financial market; it is a digital commodity market where digital currency is used as an exchange. The term "crypto currency" is derived from the encryption methods used to protect the network. Crypto currency can be used to pay for goods and services but not as widely as fiat currencies such as Indian Rupee or American Dollar.

Crypto currencies hold the promise of making it easier to transfer money directly between two parties, without the need for a reliable external company such as a bank or credit card company. This transfer is rather secure through the use of public and private keys and various types of promotion programs, such as Proof of Work or Proof of Stake.


According to Morning Brew the total market capitalization of digital cryptocurrency for all digital currencies available in May 2021 is approximately $ 2.4 trillion. There are 77 tokens now worth at least $ 1 billion each, and 1,600 worth at least $ 1 million.

In 1983, the first crypto currency E-cash was conceived by David Chaum, an American cryptographer. In 2009, the first Crypto currency allocated to major powers, Bitcoin, was created by almost one person or group known by the pseudonym "Satoshi Nakamoto."

The introduction of Bitcoin has revolutionized the global financial markets and almost all countries around the world have begun researching the inclusion of Bitcoin as an official tender. El Salvador became the first country to accept Bitcoin as an official tender, in June 2021.

There is no doubt that Bitcoin became the most popular and sought-after crypto currency in the market but its offering was small which later gave birth to Altic coins or Alternative crypto currencies. Any Crypto currency or other token then Bitcoin is known as Alt Coin. Altcoins are created using the open source Bitcoin code. While most altcoins use the Proof-of-Stake (PoW) mining algorithm, some crypto currensets use the Proof-of-Stake (PoS) algorithm.

Some of the most popular Alt coins are Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Binance Coin (BNB), etc. The first Bitcoin to stand out from our list, Ethereum is a state-of-the-art software platform that allows smart contracts and replacement applications (dapps) that will be built and run without downtime, fraud, control, or third-party interference. Cardano is a cryptocurrency "Ouroboros proof-of-stick" developed in the form of research based on the research of engineers, mathematicians and cryptography experts. Polkadot is a unique cryptocurrency to ensure that it aims to bring about interaction between other block chains. Binance Coin is a crypto currency utility that serves as a payment method for currency associated with trading on Binance Exchange.

Crypto currencies can be bought and sold on a variety of digital currency titles; as stocks on Stock Exchanges and Forex Currencies. Transactions can send crypto currency to a personal crypto currency wallet. Some can convert digital currency balances into anonymous debit cards that can be used to withdraw cash from ATMs around the world while some digital currencies are backed by real-world objects such as gold. The most popular crypto currency trades are Binance, Bitfinex, Bithumb, Bitstamp, Coinbase, Huobi, Kraken, etc.

Crypto currency block chains are very secure, but other aspects of the crypto currency system, including exchanges with wallets, are not protected from the threat of hacking. In Bitcoin's ten-year history, several online transactions have been hacked, sometimes stolen "millions of dollars" stolen. Therefore, as an investor you must be careful when investing.

Crypto currency is a new revolution in the financial market and in order to grow and sustain this global market we all have to embrace a new revolution and need to be updated with this platform.

Ms. Priyanka Debnath

Research Scholar

Ph.D (Finance)

NICE School of Business Studies

Shobhit Institute of Engineering and Technology (Deemed-to –be University) Meerut