Following bitcoin, Ethereum is another highly popular cryptocurrency that is used for both payments and speculation, and as a platform to build other crypto tokens on top of. Due to its popularity in the cryptocurrency community, some regulated forex brokers have also started accepting Ethereum as a way to fund trading accounts.
Like many other cryptocurrencies, Ethereum - which is sometimes referred to just as Ether - offers far faster and cheaper transactions than traditional payment methods. This is especially true for international payments where currency exchanges and several different banks are involved. However, Ethereum and other cryptocurrencies are still in a regulatory grey area, which is most likely the reason why the number of regulated forex brokers that accept them is quite limited.