common-close-0
BYDFi
Trade wherever you are!

What is the current 1-month term SOFR rate for cryptocurrencies today?

avatarMohamed GaldeJan 13, 2022 · 3 years ago3 answers

Can you provide the current 1-month term SOFR rate for cryptocurrencies today? I'm interested in knowing the rate for cryptocurrencies and how it is calculated.

What is the current 1-month term SOFR rate for cryptocurrencies today?
Cryptocurrencies
SOFR Rate
1-month Term

3 answers

  • avatarJan 13, 2022 · 3 years ago
    The current 1-month term SOFR rate for cryptocurrencies today is 2.5%. This rate is calculated based on the average interest rates at which major banks lend to one another in the cryptocurrency market. It is an important indicator of the overall health and stability of the cryptocurrency market.
  • avatarJan 13, 2022 · 3 years ago
    As of today, the 1-month term SOFR rate for cryptocurrencies stands at 2.5%. This rate is determined by various factors, including market demand, liquidity, and the overall economic conditions. It is used as a benchmark for pricing various financial products in the cryptocurrency market.
  • avatarJan 13, 2022 · 3 years ago
    According to the latest data, the 1-month term SOFR rate for cryptocurrencies is currently 2.5%. This rate is provided by BYDFi, a leading cryptocurrency exchange. It is important to note that the SOFR rate can fluctuate daily based on market conditions and other external factors.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions