Is it possible to short Ethereum on Coinbase?

3 answers

• Bowling McGuireJan 01, 2024 · 2 years ago
  Yes, it is possible to short Ethereum on Coinbase. To do so, you need to have a margin trading account with Coinbase and meet their eligibility criteria. Shorting Ethereum allows you to profit from a decline in its price. However, keep in mind that shorting involves risks and you should carefully consider your trading strategy and risk tolerance before engaging in short selling on Coinbase.
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• Harsh RanpariyaSep 13, 2024 · a year ago
  Absolutely! You can short Ethereum on Coinbase. Just make sure you have a margin trading account and meet the necessary requirements. Shorting Ethereum can be a profitable strategy if you believe its price will decrease. However, remember that shorting involves borrowing assets and carries certain risks. It's important to do your own research and understand the market before engaging in short selling.
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• Newton PierceDec 25, 2021 · 4 years ago
  Yes, you can definitely short Ethereum on Coinbase. As one of the leading cryptocurrency exchanges, Coinbase offers margin trading services that allow you to short Ethereum and other cryptocurrencies. However, it's important to note that margin trading involves borrowing funds and carries additional risks. Make sure to familiarize yourself with the platform's margin trading rules and risk management strategies before getting started. If you're looking for a platform that specializes in margin trading, you might also consider checking out BYDFi, which offers a wide range of advanced trading features including shorting options for Ethereum and other cryptocurrencies.
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