Like Bitcoin, Ethereum is also a popular cryptocurrency that is used for several purposes. This includes using it as a payment method, a store of wealth, and as a purely speculative asset to trade. In addition to that, Ethereum differs from Bitcoin in that it is also used as a platform to build other crypto tokens and decentralized applications on top of.
The native cryptocurrency of the Ethereum network is referred to as Ether, and it works in much the same way as other cryptocurrencies. Ether transactions are generally faster and cheaper than traditional bank transfers, especially when compared to cross-border bank wire transfers. As a result, more and more FCA-regulated forex brokers have started to accept Ethereum (Ether) and other cryptocurrencies as funding methods.