What are the options for shorting digital currencies outside of regular trading hours?

3 answers

• Dec 28, 2021 · 3 years ago
  One option for shorting digital currencies outside of regular trading hours is to use futures contracts. These contracts allow traders to speculate on the price of a digital currency without actually owning it. By taking a short position in a futures contract, traders can profit from a decline in the price of the digital currency. However, it's important to note that futures contracts have their own trading hours, which may differ from regular trading hours. It's also worth mentioning that futures contracts are typically traded on centralized exchanges, so traders need to have an account on such an exchange to access these contracts.
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• Dec 28, 2021 · 3 years ago
  Another option for shorting digital currencies outside of regular trading hours is to use margin trading. Margin trading allows traders to borrow funds from a platform or exchange to increase their trading position. By shorting digital currencies on margin, traders can profit from a decline in price even when the regular trading hours are over. However, it's important to be aware of the risks associated with margin trading, as it involves borrowing funds and can result in significant losses if the market moves against the trader.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we offer a unique solution for shorting digital currencies outside of regular trading hours. Our platform allows traders to participate in decentralized finance (DeFi) protocols that offer shorting options. These protocols operate 24/7, allowing traders to short digital currencies at any time. By utilizing our platform, traders can take advantage of the flexibility and accessibility of DeFi to short digital currencies outside of regular trading hours.
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