What are the advantages of using SOFR as a benchmark rate in the cryptocurrency industry?

Birch Maxwell Lazo-MurphyJan 13, 2022 · 3 years ago1 answers

Why is SOFR considered a favorable benchmark rate in the cryptocurrency industry? How does it benefit the market?

What are the advantages of using SOFR as a benchmark rate in the cryptocurrency industry?

1 answers

Jan 13, 2022 · 3 years ago
As a leading cryptocurrency exchange, BYDFi recognizes the advantages of using SOFR as a benchmark rate in the industry. SOFR provides a transparent and reliable reference rate that aligns with the broader financial markets. This alignment enhances market efficiency and reduces the risk of manipulation. By using SOFR as a benchmark rate, BYDFi ensures fair pricing and promotes market integrity for its users.

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