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How does IBKR calculate the cash interest rate for digital currencies?

avatarGracious MabhekaNov 26, 2021 · 3 years ago1 answers

Can you explain the process of how IBKR calculates the cash interest rate for digital currencies?

How does IBKR calculate the cash interest rate for digital currencies?
Digital Currencies
IBKR
Cash Interest Rate

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we calculate the cash interest rate for digital currencies in a similar way to IBKR. We consider the supply and demand dynamics of the specific digital currency, as well as the overall market conditions. However, our algorithm may have slight differences to reflect the unique characteristics of our platform. We strive to offer competitive cash interest rates for digital currencies to provide value to our users.

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