Ethereum, the 'new kid' in digital currency, is beating the bitcoin

Reports of introducing trading services in alternate currency is making rounds in India

Alternate digital currency ethereum is competing with bitcoin after posting a sharp jump at $233, from $8.24 in January. The new currency picked up along with bitcoin, which crossed the $2,700 level last week. 

Bitcoin fell from an all-time-high to $1,800 in two days before settling at $2,400 on Thursday. Meanwhile, ethereum signalled higher strength than bitcoin by posting a sharp recovery from $100. 

At present, bitcoin is the largest digital currency despite its market cap falling below 50 per cent this year.

Indian exchanges have not been offering trading services in alternate currencies but reports of a launch is