What are the requirements for shorting digital currencies on Fidelity?

3 answers

• Goody3333Dec 13, 2021 · 4 years ago
  To short digital currencies on Fidelity, you need to have an active Fidelity brokerage account. Additionally, you must meet certain eligibility criteria, such as having a minimum account balance and meeting the required trading experience. It is important to note that shorting digital currencies involves significant risks, and it is recommended to consult with a financial advisor before engaging in such activities.
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• Nicolas BESNARDMay 24, 2022 · 3 years ago
  Shorting digital currencies on Fidelity requires you to have a Fidelity brokerage account. You will also need to meet specific eligibility requirements, including having a sufficient account balance and meeting the necessary trading experience. Keep in mind that shorting digital currencies can be a complex and risky strategy, so it's crucial to thoroughly understand the market dynamics and consult with professionals before getting involved.
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• YH N NYHAug 31, 2024 · a year ago
  Shorting digital currencies on Fidelity is possible if you have an active Fidelity brokerage account. Fidelity offers a range of digital currencies that can be shorted, allowing you to potentially profit from price declines. However, it's important to note that shorting involves borrowing assets and selling them, with the expectation of buying them back at a lower price. This strategy carries risks, and it's essential to have a solid understanding of the market and the specific requirements set by Fidelity before engaging in shorting activities. If you have any further questions, it's advisable to reach out to Fidelity's customer support for more information.
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