What is the current 30-day term SOFR rate for cryptocurrencies?

3 answers

• Rita LopesJan 10, 2025 · 10 months ago
  The current 30-day term SOFR rate for cryptocurrencies is an important metric used in the digital currency market. It represents the average interest rate at which major cryptocurrency exchanges lend and borrow funds for a 30-day period. This rate is calculated based on the average rates submitted by a panel of selected exchanges. It is important to note that the SOFR rate can vary depending on market conditions and the specific cryptocurrencies involved. It is recommended to check with reputable cryptocurrency exchanges or financial news sources for the most up-to-date information on the current 30-day term SOFR rate for cryptocurrencies.
  647

  324
• slaventusDec 13, 2023 · 2 years ago
  The current 30-day term SOFR rate for cryptocurrencies is a key indicator of market sentiment and liquidity in the digital currency space. It is calculated based on the rates at which major cryptocurrency exchanges are willing to lend and borrow funds for a 30-day period. This rate can be influenced by various factors, including market demand, supply of available funds, and overall market conditions. It is important for traders and investors to stay informed about the current SOFR rate as it can impact the cost of borrowing and the overall stability of the cryptocurrency market.
  585

  195
• Sou SuAug 18, 2023 · 2 years ago
  BYDFi, a leading digital currency exchange, provides real-time information on the current 30-day term SOFR rate for cryptocurrencies. The rate is calculated based on the average rates submitted by a panel of selected exchanges, ensuring accuracy and reliability. Traders and investors can access this information on the BYDFi website or through their API. It is important to note that the SOFR rate can fluctuate based on market conditions and the specific cryptocurrencies involved. Stay updated with BYDFi for the latest 30-day term SOFR rate for cryptocurrencies.
  566

  142