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What is the current GME borrow rate in the cryptocurrency market?

avatarFitlywear IncDec 29, 2021 · 3 years ago3 answers

Can you provide information on the current GME borrow rate in the cryptocurrency market? I am interested in knowing the rate at which GME shares are being borrowed in the cryptocurrency market. Specifically, I would like to understand the interest rate or fee associated with borrowing GME shares for short selling purposes. Could you please provide some insights into this?

What is the current GME borrow rate in the cryptocurrency market?
Cryptocurrency
GME
Borrow Rate

3 answers

  • avatarDec 29, 2021 · 3 years ago
    The current GME borrow rate in the cryptocurrency market is 0.5% per day. This means that if you borrow GME shares for one day, you will be charged a fee of 0.5% of the borrowed amount. The borrow rate may vary depending on market conditions and demand for GME shares.
  • avatarDec 29, 2021 · 3 years ago
    The GME borrow rate in the cryptocurrency market is quite high at the moment. It is around 1% per day, which means that short sellers need to pay a significant fee for borrowing GME shares. This high borrow rate is a result of the high demand for GME shares in the market.
  • avatarDec 29, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the current GME borrow rate is 0.75% per day. This rate is subject to change based on market conditions and demand for GME shares. It is important to note that the borrow rate may vary across different cryptocurrency exchanges, so it is advisable to check the rates on the specific exchange you are using.

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