What strategies can be used to protect against short selling in the cryptocurrency market?

1 answers

• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a unique feature called 'Short Protection' that can help protect against short selling. With Short Protection, investors can purchase insurance against potential losses caused by short selling. This feature provides an added layer of security and peace of mind for investors. However, it's important to note that Short Protection is not a guarantee against losses and investors should still exercise caution and conduct their own research before making investment decisions.
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