Recently, the news has been abuzz with reports of Robinhood's soaring revenue driven by its cryptocurrency business. Additionally, US regulators have approved 11 spot bitcoin exchange-traded funds, offering investors a more straightforward way to engage with cryptocurrency markets. These developments reflect the increasing mainstream acceptance and integration of cryptocurrencies into traditional financial systems.
Cryptocurrency, a digital asset designed for secure transactions through cryptography, has gained popularity as an alternative form of currency. It operates on decentralized technology called blockchain, which ensures transparency and security. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. Since then, numerous other cryptocurrencies have emerged, each with its unique features and applications. The volatile nature of cryptocurrency markets has attracted both investors seeking high returns and regulators aiming to establish oversight and regulations to protect consumers.