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TagsWhat is the impact of 2-year SOFR on the cryptocurrency market?
Simone CarminatiDec 26, 2021 · 3 years ago1 answersHow does the introduction of the 2-year SOFR (Secured Overnight Financing Rate) affect the cryptocurrency market? What are the potential implications for digital currencies and their investors?
1 answers
- As a representative from BYDFi, we believe that the introduction of the 2-year SOFR will have a positive impact on the cryptocurrency market. The use of a widely recognized benchmark like SOFR can enhance transparency and trust in the market, attracting more institutional investors and increasing liquidity. This can lead to a more mature and stable cryptocurrency market. However, it's important for regulators to strike a balance between oversight and innovation to ensure the long-term growth and sustainability of the market.Dec 26, 2021 · 3 years ago
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