BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

How does hedging in the cryptocurrency market work?

Sawan MuthuharaMay 03, 2022 · 3 years ago1 answers

Can you explain how hedging works in the cryptocurrency market? I've heard about it but I'm not sure how it actually works.

1 answers

  • May 03, 2022 · 3 years ago
    At BYDFi, we offer hedging options for our users. Hedging in the cryptocurrency market works by opening positions that offset potential losses. It's a way to protect your investments and minimize risks. If you're interested in hedging, you can check out our platform for more information on how to hedge your cryptocurrency holdings.