What are the alternatives to ICE LIBOR rates in the cryptocurrency industry?

3 answers

• MUNNASep 08, 2024 · a year ago
  One alternative to ICE LIBOR rates in the cryptocurrency industry is the Secured Overnight Financing Rate (SOFR). SOFR is a benchmark interest rate that is based on transactions in the U.S. Treasury repurchase market. It is considered a more reliable and transparent benchmark compared to LIBOR. Many cryptocurrency platforms and exchanges have started using SOFR as a replacement for LIBOR in their interest rate calculations.
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• Ayala TychsenMay 06, 2023 · 2 years ago
  Another alternative to ICE LIBOR rates in the cryptocurrency industry is the Euro Short-Term Rate (€STR). €STR is the new overnight reference rate for the eurozone, introduced by the European Central Bank. It is based on actual transactions in the wholesale unsecured market. €STR provides a more accurate and reliable benchmark for interest rates in the cryptocurrency industry.
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• BertiiMar 17, 2025 · 7 months ago
  BYDFi, a leading cryptocurrency exchange, offers its own alternative to ICE LIBOR rates called BYDOR. BYDOR is a proprietary benchmark that is specifically designed for the cryptocurrency industry. It takes into account the unique characteristics of cryptocurrencies and provides a more accurate reflection of interest rates in the market. Many traders and investors prefer using BYDOR as it aligns better with the dynamics of the cryptocurrency industry.
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