What is the significance of cash rate in the cryptocurrency industry?

1 answers

• JRKJan 24, 2023 · 3 years ago
  In the cryptocurrency industry, the cash rate is an important factor that affects the cost of borrowing for traders and investors. It determines the interest rates at which they can borrow funds to trade or invest in cryptocurrencies. A lower cash rate can make borrowing cheaper, encouraging traders to take on more leverage and potentially increasing market volatility. On the other hand, a higher cash rate can make borrowing more expensive, leading to reduced leverage and potentially dampening market activity. As a digital asset exchange, BYDFi closely monitors the cash rate and its impact on the market to provide our users with the best trading experience and ensure the stability of our platform.
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