If your aim is to short bitcoin, you can do so directly, on numerous derivatives exchanges, including decentralized ones like Ethereum-based dydx: https://help.

If your aim is to short bitcoin, you can do so directly, on numerous derivatives exchanges, including decentralized ones like Ethereum-based dydx: https://help.dydx.exchange/en/articles/4969332-a-beginner-s-guide-to-going-long-short-using-perpetuals-on-dydx https://help.dydx.exchange/en/articles/4969332-a-beginner-s-... Shorting $COIN is making a bet on the larger crypto market, which may outperform BTC.