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What are the risks and challenges associated with trading digital currencies following the NASDAQ DWAC listing?

avatarAli AkbarDec 26, 2021 · 3 years ago1 answers

What are the potential risks and challenges that traders may face when engaging in digital currency trading after the NASDAQ DWAC listing?

What are the risks and challenges associated with trading digital currencies following the NASDAQ DWAC listing?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Trading digital currencies following the NASDAQ DWAC listing can be both exciting and challenging. One of the risks to consider is the potential for price manipulation. With the increased attention and trading volume, there is a higher risk of large players manipulating prices for their own benefit. Traders should also be aware of the risks associated with investing in new or less established digital currencies. These coins may have higher volatility and liquidity risks compared to more established cryptocurrencies. Additionally, the lack of regulation in the digital currency market can make it difficult for traders to seek legal protection in case of any issues or disputes. It is important for traders to do thorough research, diversify their portfolios, and stay updated on market news and regulations to mitigate these risks.