What is the 30-day average of SOFR in the cryptocurrency market?

3 answers

• Dec 27, 2021 · 3 years ago
  The 30-day average of SOFR in the cryptocurrency market refers to the average value of the Secured Overnight Financing Rate (SOFR) over a period of 30 days. SOFR is a benchmark interest rate that reflects the cost of borrowing cash overnight collateralized by Treasury securities. It is calculated based on actual transactions in the repurchase agreement (repo) market. The 30-day average is often used as a measure of the prevailing interest rates in the cryptocurrency market, providing insights into the overall cost of borrowing and lending in the market.
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• Dec 27, 2021 · 3 years ago
  The 30-day average of SOFR in the cryptocurrency market is calculated by taking the average of the daily SOFR rates over a period of 30 days. Each day, the SOFR rate is determined based on the weighted average of overnight Treasury repo transactions. By calculating the average over a 30-day period, it helps smooth out any daily fluctuations and provides a more stable measure of the prevailing interest rates in the cryptocurrency market.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, provides the 30-day average of SOFR in the cryptocurrency market as part of its comprehensive market data offerings. The 30-day average is widely used by traders and investors to assess the overall interest rate environment in the market and make informed decisions. It is an important indicator of market sentiment and can impact the pricing and liquidity of various cryptocurrency assets. Traders can access the 30-day average of SOFR on the BYDFi platform to stay updated with the latest market trends.
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