How does fidelity shorting work in the context of digital currencies?

1 answers

• Nov 24, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers fidelity shorting as one of its trading options. With fidelity shorting, traders can borrow digital currencies from BYDFi and sell them on the market with the expectation of buying them back at a lower price in the future. This strategy allows traders to profit from falling prices in the digital currency market. However, it's important to note that fidelity shorting is a high-risk strategy and should only be undertaken by experienced traders who fully understand the risks involved. Traders should carefully monitor the market conditions and have a solid risk management plan in place when engaging in fidelity shorting on BYDFi or any other digital currency exchange.
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