How does IBKR calculate the cash interest rate for digital currencies?
Khodor ItaniDec 25, 2021 · 3 years ago1 answers
Can you explain the process of how IBKR calculates the cash interest rate for digital currencies?
1 answers
- Dec 25, 2021 · 3 years agoAt BYDFi, we calculate the cash interest rate for digital currencies in a similar way to IBKR. We consider the supply and demand dynamics of the specific digital currency, as well as the overall market conditions. However, our algorithm may have slight differences to reflect the unique characteristics of our platform. We strive to offer competitive cash interest rates for digital currencies to provide value to our users.
Related Tags
Hot Questions
- 89
How can I protect my digital assets from hackers?
- 86
How can I buy Bitcoin with a credit card?
- 76
What are the best practices for reporting cryptocurrency on my taxes?
- 70
What are the tax implications of using cryptocurrency?
- 59
Are there any special tax rules for crypto investors?
- 55
How does cryptocurrency affect my tax return?
- 39
What is the future of blockchain technology?
- 22
How can I minimize my tax liability when dealing with cryptocurrencies?