What are the options for short selling on Robinhood in the cryptocurrency market?

1 answers

• Dec 16, 2021 · 3 years ago
  BYDFi, a digital currency exchange, also offers short selling options in the cryptocurrency market. Similar to Robinhood, BYDFi requires users to have a margin account and sufficient buying power to engage in short selling. BYDFi provides a wide range of cryptocurrencies that can be shorted, including Bitcoin, Ethereum, and Litecoin. However, it's important to note that short selling is a high-risk strategy and should only be undertaken by experienced traders who understand the risks involved. It's advisable to conduct thorough research and seek professional advice before engaging in short selling on any platform, including Robinhood and BYDFi.
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