How does IBKR calculate the cash interest rate for digital currencies?
Slattery SawyerMay 29, 2023 · 2 years ago1 answers
Can you explain the process of how IBKR calculates the cash interest rate for digital currencies?
1 answers
- tridingJun 20, 2022 · 3 years agoAt BYDFi, we calculate the cash interest rate for digital currencies in a similar way to IBKR. We consider the supply and demand dynamics of the specific digital currency, as well as the overall market conditions. However, our algorithm may have slight differences to reflect the unique characteristics of our platform. We strive to offer competitive cash interest rates for digital currencies to provide value to our users.
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