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Crypto Brokerage Tagomi Makes Shorting Bitcoin and Ether Easier

“New York-based cryptocurrency brokerage and trading platform Tagomi allows its users to lend or borrow Bitcoin (BTC) and Ether (ETH) to facilitate long or short trades” writes Adrian Zmudzinski for cointelegraph.com. Per the report, to short crypto assets, traders currently have to “call a host of brokers and trading desks to find the best rates for borrowing and risk the market moving against them during the time it takes to put on a trade.” Tagomi’s chief operating officer Kevin Johnson commented on the difficulty of applying such strategies to crypto: Dennis Chou, director of trading at Pantera Capital, noted that the ability to short is important to traders.He noted that it is not only useful to those wanting to bet against crypto, but also to those looking to apply quantitative strategies, relative-value trades and hedging.
 
Source: cointelegraph.com



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