Which cryptocurrencies are recommended for shorting Japanese bonds and why?
Davids MovingMay 02, 2022 · 3 years ago1 answers
I am interested in shorting Japanese bonds using cryptocurrencies. Can you recommend some cryptocurrencies that are suitable for this purpose? I would also like to know the reasons behind these recommendations. Thank you!
1 answers
- May 02, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a range of cryptocurrencies that can be used for shorting Japanese bonds. Some recommended options include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have proven track records and are widely accepted in the market. However, it's important to note that shorting Japanese bonds using cryptocurrencies involves risks, and it's crucial to carefully consider your investment goals and risk tolerance before engaging in such activities. Always conduct thorough research and seek professional advice if needed.
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