How does euribor affect digital currency trading?

1 answers

• Nov 24, 2021 · 3 years ago
  Euribor, as a benchmark interest rate, does not have a direct impact on digital currency trading. However, it can indirectly affect the market. When euribor rates rise, it can lead to higher borrowing costs for banks, which may reduce their liquidity and trading activity in the digital currency market. Moreover, changes in euribor rates can also influence investor sentiment and risk appetite, which can impact the demand and price of digital currencies. Therefore, while euribor itself may not be a major factor in digital currency trading, it is still important to monitor its trends and potential effects on the overall financial market.
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