What are the benefits of using cash sweep in cryptocurrency trading?

3 answers

• Aifei LuJan 08, 2022 · 4 years ago
  Using cash sweep in cryptocurrency trading can be highly beneficial for traders. This feature automatically transfers any excess funds in your trading account to an interest-bearing account, such as a money market fund. By doing so, it allows you to earn interest on your idle funds while still having them readily available for trading. This can help maximize your returns and make your trading activities more efficient.
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• Miko HargettMay 15, 2025 · 3 months ago
  Cash sweep in cryptocurrency trading is a game-changer. It helps you optimize your trading capital by automatically moving excess funds to an interest-bearing account. This means that you can earn passive income on your idle funds while still having them easily accessible for trading. It's a win-win situation that allows you to make the most out of your trading activities.
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• Computer infoSep 28, 2020 · 5 years ago
  Cash sweep is a feature offered by BYDFi, a leading cryptocurrency exchange. It allows traders to automatically transfer any excess funds in their trading accounts to an interest-bearing account. This feature helps traders earn interest on their idle funds, making their trading activities more profitable. By utilizing cash sweep, traders can optimize their capital and maximize their returns in the cryptocurrency market.
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