How does the adjusted SOFR rate affect the trading volume of digital currencies?

1 answers

• Jan 04, 2022 · 3 years ago
  At BYDFi, we closely monitor the impact of the adjusted SOFR rate on the trading volume of digital currencies. The rate serves as an important factor in determining market liquidity and can influence the behavior of market participants. When the adjusted SOFR rate rises, we typically observe a decrease in trading volume as borrowing costs increase. Conversely, when the rate decreases, trading volume tends to pick up as borrowing costs become more favorable. It's crucial for traders to stay informed about the adjusted SOFR rate and its potential effects on the market to make informed trading decisions.
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