Is it possible to short a specific altcoin?
Pitts FrantzenMay 08, 2022 · 3 years ago1 answers
I'm interested in shorting a specific altcoin. Is it possible to do so in the cryptocurrency market? How can I go about shorting a specific altcoin?
1 answers
- May 08, 2022 · 3 years agoYes, you can short a specific altcoin in the cryptocurrency market. At BYDFi, we offer margin trading services that allow you to short altcoins. By borrowing the altcoin and selling it at the current market price, you can profit if the price of the altcoin goes down. However, please note that shorting altcoins involves risks, and it's important to carefully consider your trading strategy and risk tolerance before engaging in shorting activities.
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