Traders Ramp Up Positions as Crypto Lending Rates Soar to 30% on Bitfinex

Crypto lending rates have soared up to 30% APR (annual percentage rate) on Bitfinex today, which is nearly three times the exchange’s average interest rate. This indicates that traders are confident in significant price increases. Greeks.live observed several orders on Bitfinex exceeding 21% and reaching up to 30% APR for short-term loans. This suggests that large spot traders—those who... source: https://beincrypto.com/bitfinex-crypto-lending-spikes-bull-market/