What are the risks involved in participating in the Webull stock lending program with cryptocurrency assets?

1 answers

• Rafael EdoraDec 31, 2022 · 3 years ago
  At BYDFi, we understand the risks involved in participating in the Webull stock lending program with cryptocurrency assets. While the program can offer attractive returns, it's important to carefully evaluate the risks before participating. One of the key risks is the potential loss of your cryptocurrency assets. If the borrower defaults on their loan, there is a possibility that you may not be able to recover your assets. Additionally, there is the risk of price volatility in the cryptocurrency market, which could lead to a margin call or liquidation of your assets. It's important to assess your risk tolerance and only participate in the program with an amount you can afford to lose. Lastly, it's crucial to thoroughly research and understand the terms and conditions of the stock lending program, including any potential fees or penalties that may be incurred.
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