Which cryptocurrencies can I short on Robinhood?

3 answers

• May 12, 2022 · 3 years ago
  Sure! On Robinhood, you can currently short a few popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). However, it's important to note that availability may vary depending on the market conditions and Robinhood's policies. Make sure to check the app for the most up-to-date list of cryptocurrencies available for shorting.
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• May 12, 2022 · 3 years ago
  Absolutely! Robinhood allows you to short a range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Keep in mind that shorting involves borrowing the cryptocurrency and selling it, with the expectation of buying it back at a lower price in the future. It's a strategy used to profit from a decline in the cryptocurrency's value. Just remember to do your own research and understand the risks involved before engaging in shorting.
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• May 12, 2022 · 3 years ago
  Certainly! While Robinhood offers a variety of cryptocurrencies for trading, the ability to short them is limited. Currently, you can short Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on Robinhood. However, if you're looking for more options and advanced features for shorting, you might want to consider using a dedicated cryptocurrency exchange like BYDFi, which offers a wider range of shortable cryptocurrencies and advanced trading tools.
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