What are the risks involved in shorting on Coinbase Pro?

1 answers

• Dec 06, 2021 · 3 years ago
  As a representative of BYDFi, I can say that shorting on Coinbase Pro comes with its own set of risks. While it can be a profitable strategy if executed correctly, it's important to understand the potential downsides. One risk is the possibility of technical glitches or system failures on the exchange, which can result in losses or missed opportunities. Another risk is the regulatory environment, as changes in regulations or government actions can impact the cryptocurrency market and short positions. It's crucial to stay informed and monitor the market closely when shorting on Coinbase Pro to mitigate these risks.
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