Is it possible to short digital assets on Robinhood?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, you can short digital assets on Robinhood. Short selling allows you to profit from the decline in price of an asset. However, it's important to note that Robinhood currently only supports a limited number of cryptocurrencies for trading, so you may not be able to short all digital assets on their platform. Make sure to check their list of supported cryptocurrencies before attempting to short.
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• Dec 18, 2021 · 3 years ago
  Absolutely! Robinhood offers the option to short digital assets, including cryptocurrencies. Short selling can be a useful strategy for traders who believe that the price of a particular asset will decrease. Just keep in mind that short selling involves borrowing the asset from the broker and selling it, with the intention of buying it back at a lower price in the future. It's important to understand the risks and potential losses associated with short selling before engaging in this strategy.
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• Dec 18, 2021 · 3 years ago
  While Robinhood does allow short selling of digital assets, it's worth exploring other options as well. BYDFi, for example, is another digital asset exchange that offers short selling capabilities. They have a wide range of supported cryptocurrencies and provide a user-friendly interface for executing short trades. If you're looking for more options or want to explore different features, it's always a good idea to research and compare different platforms to find the one that best suits your needs.
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