What are the implications of SOFR 5/1/5 for cryptocurrency traders?

1 answers

• Dec 27, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that the implications of SOFR 5/1/5 for cryptocurrency traders are significant. BYDFi is actively monitoring the transition from LIBOR to SOFR 5/1/5 and is working on implementing the necessary changes to ensure a smooth transition for our users. Traders on BYDFi can expect more accurate and reliable interest rates, which can improve their trading strategies and outcomes. We are committed to providing the best trading experience for our users and will continue to adapt to the changing market conditions brought by SOFR 5/1/5.
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