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How does euribor affect digital currency trading?

avatarSKELETON PLAYMar 17, 2022 · 3 years ago1 answers

What is the impact of euribor on the digital currency trading market?

How does euribor affect digital currency trading?

1 answers

  • avatarMar 17, 2022 · 3 years ago
    Euribor, as a benchmark interest rate, does not have a direct impact on digital currency trading. However, it can indirectly affect the market. When euribor rates rise, it can lead to higher borrowing costs for banks, which may reduce their liquidity and trading activity in the digital currency market. Moreover, changes in euribor rates can also influence investor sentiment and risk appetite, which can impact the demand and price of digital currencies. Therefore, while euribor itself may not be a major factor in digital currency trading, it is still important to monitor its trends and potential effects on the overall financial market.