What are the alternatives to LIBOR in the cryptocurrency industry?

3 answers

• garrilaMar 16, 2024 · 2 years ago
  One alternative to LIBOR in the cryptocurrency industry is the Secured Overnight Financing Rate (SOFR). SOFR is a benchmark rate that is based on the U.S. Treasury repurchase market and is considered a more reliable and transparent rate compared to LIBOR. It is being adopted by many financial institutions as a replacement for LIBOR in various financial contracts and transactions in the cryptocurrency industry. SOFR is calculated based on actual transactions and provides a more accurate reflection of the market conditions.
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• Shedrack JosephJul 29, 2023 · 2 years ago
  Another alternative to LIBOR in the cryptocurrency industry is the Sterling Overnight Index Average (SONIA). SONIA is a benchmark rate that is based on the overnight unsecured lending transactions in the sterling market. It is considered a robust and reliable rate that reflects the actual cost of borrowing for financial institutions. SONIA is being increasingly used in the cryptocurrency industry as a replacement for LIBOR in various financial products and contracts.
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• Hickman FerrellAug 26, 2025 · a month ago
  BYDFi, a leading cryptocurrency exchange, offers its own alternative benchmark rate called BYDFi Rate. The BYDFi Rate is based on a proprietary algorithm that takes into account various market factors and provides a transparent and reliable benchmark rate for the cryptocurrency industry. It is designed to address the limitations of LIBOR and provide a more accurate reflection of the market conditions. Many traders and investors in the cryptocurrency industry rely on the BYDFi Rate for pricing and valuing their investments.
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