What are the differences between long put and short put in the context of cryptocurrency trading?

1 answers

• Sanjay YogiJul 01, 2021 · 4 years ago
  In the context of cryptocurrency trading, BYDFi offers both long put and short put options for traders. With a long put option, traders can protect their cryptocurrency holdings from potential price declines by buying put options. On the other hand, with a short put option, traders can generate income by selling put options and potentially buying the underlying cryptocurrency at a lower price if the option is exercised. BYDFi provides a user-friendly platform for traders to implement these strategies and offers competitive pricing and liquidity. However, it's important to carefully consider your risk tolerance and market outlook before using these options strategies.
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