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

3 answers

• Aung Kyaw SoeApr 02, 2023 · 3 years ago
  The 30-day average rate of SOFR, or Secured Overnight Financing Rate, is a benchmark interest rate that reflects the cost of borrowing cash overnight collateralized by Treasury securities. It is calculated based on transactions in the Treasury repurchase market. In the cryptocurrency market, the 30-day average rate of SOFR can be used as a reference for determining the cost of borrowing or lending funds for short-term trading or investment purposes. Traders and investors can monitor the 30-day average rate of SOFR to assess the overall market conditions and make informed decisions.
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• Priyanshu YadavMay 02, 2022 · 4 years ago
  SOFR is a key interest rate that is widely used in the financial industry, including the cryptocurrency market. The 30-day average rate of SOFR provides an indication of the prevailing borrowing costs in the market. It is important for cryptocurrency traders and investors to keep an eye on the 30-day average rate of SOFR as it can impact the cost of borrowing or lending funds. By monitoring the 30-day average rate of SOFR, traders can better understand the market dynamics and adjust their strategies accordingly.
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• Rin ShoysJan 14, 2025 · a year ago
  The 30-day average rate of SOFR is an important metric in the cryptocurrency market. It is used by traders and investors to gauge the overall market conditions and assess the cost of borrowing or lending funds. At BYDFi, we provide real-time data on the 30-day average rate of SOFR, allowing our users to stay informed and make data-driven decisions. Whether you're a seasoned trader or a beginner in the cryptocurrency market, keeping track of the 30-day average rate of SOFR can help you stay ahead of the curve.
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