ABSTRACT: Because of global warming, problems such as climate change and the destruction of natural resources have reached such a level that individuals, institutions, and states cannot remain indifferent. At this point, taking only technical measures are not sufficient and it is necessary to use sustainable methods in all areas of life. In this context, financial systems have also become sensitive to environmental awareness by following environmentally friendly policies and developing sustainable products. It has been included in the environmentally friendly approaches that are maintained globally. This study examined environmentally friendly cryptocurrencies with a very recent history, a limited number of trades, and the seven most valuable classical cryptocurrencies listed on the crypto money exchange between July 2019 and April 2022. As a result, a statistically significant and strong correlation was found between the values of the two groups of cryptocurrencies. In this case, it has been concluded that investors use the investment reflexes acquired in classical cryptocurrencies in their approach to environmentally friendly cryptocurrencies, which are a relatively new investment tool. In addition, environmentally-friendly crypto money users and investors will increasingly continue to be interested in these currencies. With the increase in such a demand, the crypto money used today will inevitably be energy and environment-friendly.

KEYWORDS: Cryptocurrencies, environmentally friendly crypto currencies, green finance, sustainable finance

JEL Classification:E40, E42, E44, F36, G00, O3