Forex trading, just like forex, involves trading currencies. However, the forex market is larger and well-established while the crypto market is relatively a new player to the scene. Forex involves middlemen, brokers and various other institutions that usually collect fees at almost every step of the trading process. However, in forex trading, there's no middleman and that's probably the big- gest draws to it.

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The role of Forex Trading as a digital asset is to stand as a decentralized medium for peer-to-peer transactions. Due to its nature and independence from central banks and governments, in recent years it has become an alternative source of funds and trading for many people. That's a huge jump from the early days of Forex Trading when it was mainly used in the black market. Up to date, there have been over 40 million Forex wallets created and over 8,000 Forex in existence. With a steady growth rate since 2016.