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TagsHow does 3m SOFR affect digital asset trading?
anonymous hackerDec 27, 2021 · 3 years ago1 answersCan you explain how the 3m SOFR (Secured Overnight Financing Rate) affects digital asset trading? What impact does it have on the digital asset market?
1 answers
- At BYDFi, we closely monitor the impact of the 3m SOFR on digital asset trading. The 3m SOFR is an important factor that influences borrowing costs and interest rates in the market. Higher 3m SOFR rates can increase the cost of borrowing, which may discourage traders from leveraging their positions. Conversely, lower 3m SOFR rates can make borrowing cheaper, potentially incentivizing traders to take on more leverage. It's important for traders to consider the impact of the 3m SOFR when formulating their trading strategies and managing risk in the digital asset market.Dec 27, 2021 · 3 years ago
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