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

Those who tout cryptocurrency as “digital gold” should see the irony.

From Barron's

Those who tout cryptocurrency as “digital gold” should see the irony.

From Barron's

Bitcoin and other cryptocurrencies were lower on Tuesday amid a period of stagnant trading for digital assets, which have given back major gains in recent months.

From Barron's

FanDuel Predicts allows trading on economic data, cryptocurrency prices, cultural events, and sports outcomes.

From Barron's

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