What is the historical 30-day term SOFR for cryptocurrencies?

3 answers

• Hussein AlsaeedyJul 15, 2021 · 4 years ago
  The historical 30-day term SOFR, or Secured Overnight Financing Rate, for cryptocurrencies refers to the average interest rate at which major banks can borrow funds overnight using digital assets as collateral. This rate is calculated based on actual transactions and provides a benchmark for the cost of short-term borrowing in the crypto market. It is important for investors to monitor the historical 30-day term SOFR as it can indicate the overall liquidity and stability of the crypto market. A higher rate may suggest increased demand for borrowing, while a lower rate may indicate a surplus of available funds. This information can help investors make informed decisions about their crypto investments.
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• McNulty TangeMay 29, 2025 · 2 months ago
  The historical 30-day term SOFR for cryptocurrencies is a measure of the average interest rate at which digital assets are used as collateral for short-term borrowing. It is an important indicator of market liquidity and can impact the cost of borrowing for investors. A higher historical 30-day term SOFR may lead to increased borrowing costs, making it more expensive for investors to leverage their positions. On the other hand, a lower historical 30-day term SOFR may indicate a more favorable borrowing environment. It is crucial for investors to stay updated on the historical 30-day term SOFR to assess the potential risks and opportunities in the crypto market.
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• Pavel ZorinJan 17, 2024 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, provides historical 30-day term SOFR data for cryptocurrencies. This data can be accessed through their platform and is useful for investors who want to analyze the borrowing costs and liquidity conditions in the crypto market. The historical 30-day term SOFR provides insights into the overall market sentiment and can help investors make informed decisions. It is important to note that the historical 30-day term SOFR is just one factor to consider when evaluating the crypto market, and investors should also take into account other indicators and factors before making any investment decisions.
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