Can you short cryptocurrency on Binance US?

1 answers

• Mar 08, 2022 · 3 years ago
  Yes, you can short cryptocurrency on Binance US. As an established cryptocurrency exchange, Binance US offers a range of trading options, including short selling. Shorting cryptocurrency allows traders to profit from downward price movements by borrowing the asset and selling it at the current market price. If the price drops, traders can buy back the asset at a lower price, return it to the exchange, and pocket the difference. However, it's important to note that short selling carries higher risks and requires a thorough understanding of the market. Before engaging in short selling on Binance US, make sure to familiarize yourself with their specific requirements and any limitations that may apply.
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