cryptocurrency

American  

[krip-toh-kur-uhn-see, -kuhr-] / ˈkrɪp toʊˌkɜr ən si, -ˌkʌr- /

noun

1. currency that exists only in electronic form, operates on a decentralized system of exchange, and uses advanced cryptography for security, or any individual currency of this type.

   Some expect cryptocurrency to become the dominant means of financing trade between markets.

   This particular cryptocurrency has a huge following among retail traders.

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adjective

1. being or relating to virtual currency that uses advanced cryptography for security.

   They are one of the largest cryptocurrency exchanges on the internet.

   She got caught running a cryptocurrency scam.

Usage

What's the difference between cryptocurrency, virtual currency, and digital currency? See digital currency ( def. ).

Etymology

Origin of cryptocurrency

First recorded in 2005–10; crypto- + currency

Example Sentences

If Bitcoin recovers its mojo, it’s likely investors piling into Bitcoin ETFs and other vehicles will give the cryptocurrency an additional tailwind.

From Barron's

“He’s jumping into this industry just like he jumped into cryptocurrency a couple of years ago,” Painter said.

From Los Angeles Times

Westminster Magistrates' Court ruled Devon and Cornwall Police could seize more than £2.9m in money and assets, which included cryptocurrency.

From BBC

A U.S. survey from Gemini, a major cryptocurrency exchange, found that nearly half of Gen Z investors own cryptocurrency.

From The Wall Street Journal

The stock is having a bad week, down more than 10% through Thursday’s close coinciding with recent pressure on cryptocurrencies.

From Barron's