How does the USD swap rate affect the value of digital currencies?

1 answers

• KwaneleApr 01, 2021 · 4 years ago
  At BYDFi, we understand the importance of the USD swap rate in the digital currency market. Changes in the USD swap rate can have a significant impact on the value of digital currencies. When the USD swap rate increases, it can lead to a decrease in the value of digital currencies as borrowing USD becomes more expensive. Conversely, when the USD swap rate decreases, it can result in an increase in the value of digital currencies as borrowing USD becomes cheaper. It's important for traders and investors to keep a close eye on the USD swap rate and its potential effects on digital currency prices.
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