Bitfinex's current best lending rate is at 200% APY, or 0.54%/day with maximum lend-out window of 7 days. Making most futures and options delta-hedging trades, even if ICBIT had liquidity probably not profitable.
To compare, current US broker margin rate is 1.8% APY or 0.004%/day. Will stick to regular exchanges until this is fixed or if there is an ETF for BTC in regular exchanges.
Comments
ICBIT has futures trading. https://icbit.se/
Bitfinex allows margin trading and lending. https://bitfinex.com/
Ty for link ICBIT futures has no liquidity.
Bitfinex's current best lending rate is at 200% APY, or 0.54%/day with maximum lend-out window of 7 days. Making most futures and options delta-hedging trades, even if ICBIT had liquidity probably not profitable.
To compare, current US broker margin rate is 1.8% APY or 0.004%/day. Will stick to regular exchanges until this is fixed or if there is an ETF for BTC in regular exchanges.