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The Federal Reserve has raised its benchmark interest rate in recent years to curb inflation. The Fed uses various tools to set interest rates, including adjustments to the federal funds rate. Meanwhile, external benchmark rates are used by banks and financial institutions to determine lending rates, and the State Bank of India (SBI) recently cut its external benchmark rate by 25 basis points. These moves reflect the dynamic nature of global finance and the role of central banks in managing economic conditions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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