How does after-hours trading work for cryptocurrency on Sofi?

3 answers

• Dec 17, 2021 · 3 years ago
  After-hours trading for cryptocurrency on Sofi refers to the ability to buy or sell digital assets outside of the regular trading hours. During after-hours, the market is still open, but with lower liquidity and potentially higher volatility. This means that prices may fluctuate more during this time compared to regular trading hours. However, it also provides an opportunity for traders who are unable to participate during the day to still engage in trading activities. It's important to note that not all cryptocurrencies may be available for after-hours trading on Sofi, so it's essential to check the specific assets that are eligible for this type of trading.
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• Dec 17, 2021 · 3 years ago
  When it comes to after-hours trading on Sofi, it's important to understand that the market operates differently during this time. Liquidity tends to be lower, which means that there may be fewer buyers and sellers compared to regular trading hours. As a result, the spreads between bid and ask prices can be wider, potentially leading to higher transaction costs. Additionally, the lack of liquidity can also result in increased price volatility, as even small trades can have a larger impact on the market. Traders should be aware of these factors and consider them when deciding to engage in after-hours trading on Sofi or any other platform.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers after-hours trading for its users. Similar to Sofi, after-hours trading on BYDFi allows traders to buy or sell digital assets outside of regular trading hours. This provides flexibility for individuals who may not be able to participate in trading activities during the day. However, it's important to note that the liquidity and volatility factors still apply to after-hours trading on BYDFi. Traders should carefully consider their risk tolerance and trading strategies before engaging in after-hours trading on any platform, including BYDFi.
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