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What is the current overnight SOFR rate for cryptocurrencies?

avatarMehmet ŞensoyDec 27, 2021 · 3 years ago3 answers

Can you provide the current overnight SOFR rate for cryptocurrencies? I'm interested in knowing the latest rate for this specific type of cryptocurrency lending.

What is the current overnight SOFR rate for cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! The current overnight SOFR rate for cryptocurrencies is 3.5%. This rate is determined by the market demand and supply for lending and borrowing cryptocurrencies overnight. It is important to note that the rate can fluctuate based on market conditions and the specific cryptocurrency in question.
  • avatarDec 27, 2021 · 3 years ago
    The current overnight SOFR rate for cryptocurrencies is subject to change as it is influenced by various factors such as market demand, liquidity, and the overall sentiment towards cryptocurrencies. It is recommended to check with reputable cryptocurrency exchanges or lending platforms for the most up-to-date rate.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, provides the most accurate and up-to-date information on the current overnight SOFR rate for cryptocurrencies. They have a dedicated team of experts who monitor the market and ensure that the rates are always reliable. You can visit their website or contact their customer support for more information on the current rate.