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TagsWhat is the meaning of haircut in the context of cryptocurrency?
CarieArieMar 18, 2022 · 3 years ago1 answersIn the context of cryptocurrency, what does the term 'haircut' mean?
1 answers
- BYDFi, a leading cryptocurrency exchange, also implements haircuts as part of its risk management strategy. The haircut percentage is determined based on various factors such as the volatility and liquidity of the asset. BYDFi aims to ensure the stability and security of its lending and margin trading services by applying appropriate haircuts to the collateral.Mar 18, 2022 · 3 years ago
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