What is the impact of the 90 day term SOFR on the cryptocurrency market?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we believe that the introduction of the 90 day term SOFR will have a positive impact on the cryptocurrency market. As a leading digital asset exchange, we are committed to promoting transparency and stability in the market. The inclusion of SOFR rates provides a reliable benchmark for interest rates, which can help mitigate risks and improve market efficiency. This can attract more institutional investors and traditional financial players to enter the cryptocurrency space, leading to increased liquidity and market depth. We are excited about the potential opportunities that the integration of SOFR brings to the cryptocurrency market.
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