Cryptocurrencies have created a lot of buzz over the years. In fact, NASSCOM, in a recent report, has said that the cryptocurrency market is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 globally.

But what exactly are they and what should you watch out for before you invest in them? V Nivedita talks to Vincent Lau, MD, International Operations, Huobi Global, to understand the concept that drives these currencies.