Digital wave is transforming every sector, from automobile to healthcare. But, the most significant revolution is seen in the finance genre. With the advent of fintech apps, bitcoin, cryptocurrencies, online financial services is an ever-growing space. From normal banking to trading everything is digitally managed. Earlier trading was considered to be a lame idea to earn money, but with the cryptocurrency app development, things have changed. Investors are eyeing new trend-setting trading app development after the success of bitcoin. So if you are someone wanting to build a finance and trading online application then dive into this blog for apt information.
What is Cryptocurrency?
The emergence of cryptocurrencies was in the year 2009 after Pseudonym launched its first cryptocurrency- Bitcoin. Satoshi Nakamoto launched Bitcoin in 2008Bitcoin. Since then the online trading world has never looked back on advancements.
Cryptocurrency is a secured payment wallet that allows users to buy, sell, or transfer digital currencies or tokens. Since Bitcoin, there are many other currencies like Etherum, Dogecoin, etc. These are traded for various conventional currencies like dollars, pounds, etc.
- The currencies are secure and reliable as they are electronically traded and monitored.
- Cryptocurrency is decentralized and is not controlled by the government of any country.
- All the transactions and balances are entirely on the network managed by peers exchanging cryptocurrency.
Due to these benefits, cryptocurrency exchange apps are in demand. An app like Coinbase with varied features like account transfer, instant trading, and other intricate features has been a great evolution. Let’s have a look at Coinbase and the process of developing a cryptocurrency app.