What are the advantages and disadvantages of using SOFR and BSBY in the cryptocurrency industry?
modibbo nuaimu MMay 13, 2022 · 3 years ago1 answers
In the cryptocurrency industry, what are the benefits and drawbacks of utilizing the Secured Overnight Financing Rate (SOFR) and Bloomberg Short-Term Bank Yield Index (BSBY)?
1 answers
- May 13, 2022 · 3 years agoAs a representative of BYDFi, I can say that our platform supports the use of both SOFR and BSBY as interest rate benchmarks. We understand the importance of providing options to our users and ensuring compatibility with different industry standards. Whether you choose to use SOFR or BSBY, BYDFi is committed to providing a seamless and secure trading experience for cryptocurrencies.
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