Coinbase, Exchanges

Can You Short Crypto on Coinbase Pro?

It’s no secret that crypto has had a tough year. Prices have been down, and the industry as a whole has taken a beating.

But, even in a bear market, there are still opportunities to be had. One of those opportunities is shorting crypto on Coinbase Pro.

If you’re not familiar with shorting, it’s basically when you bet that a asset will go down in value. So, if you think crypto is going to continue to decline, you can short it on Coinbase Pro.

The process is fairly simple. First, you need to have a Coinbase Pro account.

Then, you need to deposit some funds into your account. Once you have those funds deposited, you can place your short order.

NOTE: WARNING: Shorting any cryptocurrency on Coinbase Pro carries a high degree of risk. You should be aware of all the risks associated with shorting and make sure to carefully consider them before taking any action. You may be exposed to significant financial losses if the market moves against your position. Additionally, you should be aware that Coinbase Pro does not provide any guarantees or assurances regarding the performance of your short position. As such, you should only trade with money that you can afford to lose.

You can short any of the coins that Coinbase Pro supports: BTC, ETH, LTC, BCH, ETC, and ZRX. To do this, you’ll need to go to the “Trading” page on Coinbase Pro and select the “Short” tab.

From there, you’ll need to enter the amount of the coin you want to short and the price at which you want to short it. Once you’ve done that, hit the “Short” button and your order will be placed.

It’s important to note that when you short a coin on Coinbase Pro, you will be borrowing that coin from someone else. As such, there is a 0.

1% fee charged for each day that you hold the short position. Additionally, if the price of the coin goes up while you are shorting it, you will incur what’s called a “negative balance fee” of 2%.

So, while there is some risk involved in shorting crypto on Coinbase Pro, there is also the potential for reward. If you think crypto prices are going to continue to decline, then shorting might be a good way to profit from that decline.

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