Recently, Bitcoin and other major cryptocurrencies have experienced daily fluctuations exceeding 10%, dramatically increasing volatility in the crypto market. This surge in market uncertainty has led to a mix of risk-averse and speculative sentiments, leaving retail investors facing significant unpredictability....

On November 27, 2024, BYDFi announced its official membership in South Korea’s CODE VASP Alliance. This collaboration marks a significant milestone as BYDFi successfully integrates the Travel Rule compliance solution, meeting South Korea’s stringent regulatory requirements for cryptocurrency transactions....

In a short summary, holding a 1x leverage sell short position on BYDFi allows traders to synthetically hedge their position's value in USD. The reason for doing this is mainly to maintain the USD value of your crypto coins in a highly volatile market environment. Before we begin addressing this common...