What strategies can cryptocurrency traders use to take advantage of BNGO short interest?

1 answers

• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a unique feature that allows traders to take advantage of short interest in BNGO. Through their platform, traders can borrow BNGO shares and sell them on the market, with the intention of buying them back at a lower price to return to the lender. This strategy, known as short selling, can be profitable if the price of BNGO declines. However, it is important to note that short selling carries its own risks and should be approached with caution. Traders should thoroughly understand the mechanics of short selling and consider the potential risks involved before engaging in this strategy.
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