What is the impact of the Nasdaq short sale circuit breaker on the cryptocurrency market?

1 answers

• Kequan ZhangOct 13, 2020 · 5 years ago
  As a representative of BYDFi, I can say that the Nasdaq short sale circuit breaker does not directly impact the cryptocurrency market. BYDFi is a decentralized exchange and operates independently from the Nasdaq stock exchange. Therefore, any measures implemented by the Nasdaq circuit breaker do not affect the trading activities on BYDFi. However, it is important to note that market sentiment and investor confidence can be influenced by external factors, including stock market movements. Therefore, if the circuit breaker leads to a decline in the stock market, it may indirectly affect the cryptocurrency market as well.
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