1X Short TRX price is $37.05
The current price of 1X Short TRX (TRXHEDGE) is $ 37.05, which has increased by +0.00% over the last 24 hours.
1X Short TRX, known by the ticker TRXHEDGE, is a financial instrument designed to provide inverse exposure to the cryptocurrency TRON (TRX). It's typically used by traders who wish to hedge their positions against the price movements of TRON or speculate on its price declines without having to hold the actual cryptocurrency.
1X Short TRX functions as a short position in TRON, meaning if the price of TRON falls, the value of TRXHEDGE is designed to increase correspondingly, and vice versa. It's important to emphasize that this type of instrument can be complex and may include mechanisms like leverage or rebalancing at regular intervals to maintain its target inverse exposure.
The uniqueness of 1X Short TRX lies in its ability to offer traders a simplified method of betting against the price of TRON. Unlike traditional short selling which can be complicated and has unlimited risk, TRXHEDGE aims to provide inverse exposure with a predefined risk profile.
The team or individual behind the creation of 1X Short TRX has not been specified. These financial products are typically developed by financial institutions or crypto platforms that specialize in derivative and hedging instruments.
Since 1X Short TRX is a derivative product, it doesn't rely on a typical blockchain network for security as cryptocurrencies do. Instead, its security is vested in the platform or institutions that issue and manage the product. These entities are responsible for ensuring the integrity of the product and the correctness of its price movements relative to TRON.
Trading 1X Short TRX carries significant risk, just as with other derivative financial instruments. Traders should be aware of the potential for rapid price movements, the possibilities of liquidation, if leverage is used, and must understand how rebalancing and other mechanisms affect their position.
You can buy 1X Short TRX on the that offer this financial product. It’s essential to trade such instruments on reputable platforms to help ensure fairness and security. Always ensure you understand the terms and the nature of the product before trading.
To keep your investments in 1X Short TRX safe, you should use reputable exchanges and platforms. It's also crucial to employ prudent risk management strategies, such as not investing more than you can afford to lose and understanding the product completely before engaging in trades.
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