Cryptocurrency Q&A
Does Binance allow short selling?
Does Binance allow short selling?
Giulia
Tue Nov 26 2024
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5 answers
998
I'm wondering if Binance, the cryptocurrency exchange platform, allows short selling. I want to know if I can profit from predicting market downturns on their platform.
5 answers
DigitalWarrior
Thu Nov 28 2024
Binance provides traders with an inbuilt feature for short selling cryptocurrencies.
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EthereumLegend
Thu Nov 28 2024
Traders can place short orders on Binance, which involves borrowing BTC from Binance Futures.
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Nicola
Thu Nov 28 2024
The purpose of borrowing BTC is to sell it at the current price and buy it back at a lower price in the future.
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Riccardo
Thu Nov 28 2024
By doing so, traders aim to profit from the price drop of the cryptocurrency.
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Gianluca
Wed Nov 27 2024
BTCC is another top cryptocurrency exchange that offers various services.
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