What is the difference between a pledged asset line and margin in the context of cryptocurrency trading?

1 answers

• Mar 16, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a pledged asset line service to its users. With a BYDFi pledged asset line, traders can borrow funds against their cryptocurrency holdings and use them for trading. This provides traders with flexibility and liquidity, as they can access funds without selling their assets. However, it's important for traders to understand the terms and risks associated with the BYDFi pledged asset line, including interest rates and collateral requirements. Traders should also consider their own risk tolerance and trading strategy before using the BYDFi pledged asset line.
  610305