Are there any risks associated with trading cryptocurrencies in extended hours?

3 answers

• Dec 16, 2021 · 3 years ago
  Trading cryptocurrencies during extended hours can be risky due to increased volatility and lower liquidity. During these hours, the market is less active and there may be fewer buyers and sellers, which can lead to wider spreads and slippage. Additionally, news and events that can impact the market may occur outside of regular trading hours, making it difficult to react in a timely manner. It is important for traders to carefully consider these risks and have a solid risk management strategy in place.
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• Dec 16, 2021 · 3 years ago
  Yeah, trading cryptocurrencies in extended hours can be a bit risky. The market tends to be less active during these times, so there may not be as many buyers and sellers. This can result in wider spreads and it may be harder to find a good price. Plus, news and events that can affect the market often happen outside of regular trading hours, so you might miss out on important information. Make sure you have a plan and know what you're getting into before trading during extended hours.
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• Dec 16, 2021 · 3 years ago
  As a representative from BYDFi, I can tell you that trading cryptocurrencies in extended hours does come with some risks. The market tends to be less liquid during these times, which means there may be fewer buyers and sellers. This can result in wider spreads and slippage. Additionally, news and events that can impact the market often happen outside of regular trading hours, so it's important to stay informed and be prepared for potential price movements. It's always a good idea to have a solid risk management strategy in place when trading cryptocurrencies, especially during extended hours.
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