What are the implications of the 90-day average SOFR for cryptocurrency investors?

1 answers

• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the importance of the 90-day average SOFR for cryptocurrency investors. This interest rate can provide valuable insights into market conditions and help investors make informed decisions. When the 90-day average SOFR is high, it may indicate increased borrowing costs and a more cautious market sentiment. Conversely, a low 90-day average SOFR may suggest lower borrowing costs and potentially encourage more liquidity and risk-taking behavior. BYDFi recommends that cryptocurrency investors stay updated on the 90-day average SOFR and consider its implications when making investment decisions.
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