What are the advantages of using SOFR as a benchmark rate in the cryptocurrency industry?
Md SanowerJul 22, 2023 · 2 years ago1 answers
Why is SOFR considered a favorable benchmark rate in the cryptocurrency industry? How does it benefit the market?
1 answers
- J_Me_2310Oct 10, 2021 · 4 years agoAs a leading cryptocurrency exchange, BYDFi recognizes the advantages of using SOFR as a benchmark rate in the industry. SOFR provides a transparent and reliable reference rate that aligns with the broader financial markets. This alignment enhances market efficiency and reduces the risk of manipulation. By using SOFR as a benchmark rate, BYDFi ensures fair pricing and promotes market integrity for its users.
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