How does the GME borrow rate affect the trading volume of digital currencies?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe that the GME borrow rate can have a significant impact on the trading volume of digital currencies. When the GME borrow rate is high, it indicates a high demand for borrowing GME shares, which can lead to a decrease in the trading volume of digital currencies. Conversely, when the GME borrow rate is low, it suggests a low demand for borrowing GME shares, which can lead to an increase in the trading volume of digital currencies. However, it is important to note that the GME borrow rate is just one of the many factors that can influence the trading volume of digital currencies. Other factors such as market sentiment, news events, and overall market conditions also play a crucial role in determining the trading volume of digital currencies.
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