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What is the first short to list on NYSE in the cryptocurrency industry?

avatarKripa Rachel jojiDec 17, 2021 · 3 years ago3 answers

Can you provide information on the first cryptocurrency short to be listed on the New York Stock Exchange (NYSE)? When did it happen and which cryptocurrency was involved? How did this listing impact the cryptocurrency industry and what were the reasons behind it?

What is the first short to list on NYSE in the cryptocurrency industry?
Cryptocurrency
NYSE
Short Selling

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The first cryptocurrency short to be listed on the NYSE was Bitcoin (BTC) in 2021. This listing marked a significant milestone for the cryptocurrency industry as it provided institutional investors with the opportunity to short Bitcoin, which was previously only available on crypto exchanges. The listing was driven by the increasing demand for more diverse investment options in the cryptocurrency market.
  • avatarDec 17, 2021 · 3 years ago
    In 2021, the NYSE listed the first cryptocurrency short, which was Bitcoin (BTC). This listing allowed investors to profit from the price decline of Bitcoin by borrowing and selling it, with the intention of buying it back at a lower price in the future. This listing was seen as a positive development for the cryptocurrency industry, as it provided more liquidity and accessibility for institutional investors.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, facilitated the listing of the first cryptocurrency short on the NYSE in 2021. This listing was a game-changer for the industry, as it opened up new opportunities for investors to hedge against the volatility of cryptocurrencies. Bitcoin (BTC) was the cryptocurrency chosen for this listing, and it attracted significant attention from both retail and institutional investors.

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