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Questions tagged [sweep loan]

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JejuJoy JejuJoy Sun Dec 15 2024 | 6 answers 1615

What is a sweep loan?

I've recently encountered the term 'sweep loan' and I'm not quite sure what it means. Could someone please explain to me what a sweep loan is and how it works?

What is a sweep loan?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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