Is it possible to short altcoins on Fidelity?

3 answers

• Alhaji Bunu MohammedNov 24, 2022 · 3 years ago
  Yes, it is possible to short altcoins on Fidelity. Fidelity offers a range of investment options, including the ability to short certain altcoins. By shorting altcoins, you can potentially profit from their price decline. However, it's important to note that shorting altcoins involves risks and may not be suitable for all investors. Make sure to do thorough research and consult with a financial advisor before engaging in short selling.
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• Nasar NasratJul 07, 2022 · 3 years ago
  Unfortunately, Fidelity does not currently offer the option to short altcoins. While Fidelity is a reputable and well-established financial institution, their platform primarily focuses on traditional investment products. If you're specifically looking to short altcoins, you may need to explore other cryptocurrency exchanges or platforms that offer this functionality. It's always a good idea to compare different options and choose the one that best aligns with your investment goals and risk tolerance.
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• Lindhardt LindgreenOct 24, 2024 · a year ago
  Yes, you can short altcoins on Fidelity. Fidelity has recently expanded its cryptocurrency offerings and now allows users to engage in short selling of select altcoins. This feature provides an opportunity for traders to profit from downward price movements in altcoins. However, it's important to note that short selling involves risks and requires careful consideration of market conditions. It's recommended to thoroughly understand the mechanics of short selling and consult with a financial advisor before executing any trades on Fidelity's platform.
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