What is the impact of SONIA benchmark on the cryptocurrency market?

1 answers

• C CJul 18, 2024 · a year ago
  As a leading cryptocurrency exchange, BYDFi recognizes the significance of the SONIA benchmark in the cryptocurrency market. The introduction of SONIA brings more transparency and reliability to interest rate calculations, which is crucial for the development and growth of the market. This benchmark can help mitigate risks associated with interest rate manipulation and provide a more accurate reflection of market conditions. BYDFi is committed to supporting the adoption of the SONIA benchmark and ensuring that our platform aligns with industry standards and best practices. We believe that the integration of SONIA will contribute to a more robust and trustworthy cryptocurrency market.
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