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What happens when a crypto asset is liquidated?

avatarjeongduen1Nov 26, 2021 · 3 years ago1 answers

Can you explain the process of liquidating a crypto asset and what happens to the funds?

What happens when a crypto asset is liquidated?
Cryptocurrency
Liquidation
Asset

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, when a crypto asset is liquidated, the funds are automatically transferred to the investor's account. The process is quick and seamless, allowing investors to access their funds immediately. The liquidation price is determined based on the current market conditions and the investor's position. It's important to note that the liquidation process is triggered when the investor's margin falls below a certain threshold, ensuring the safety of both the investor and the platform. Once the asset is liquidated, the investor can choose to withdraw the funds or reinvest them in other assets. BYDFi aims to provide a transparent and efficient liquidation process for its users, ensuring a smooth trading experience.

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