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

1 answers

• Dec 15, 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.
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