How is the interest on BiyaPay digital currency leveraged trading calculated?
How to check how the interest on digital currency spot trading is calculated on the App:
The lending interest rate for BiyaPay leveraged trading is calculated on an hourly basis. Note:
The interest on borrowed coins starts accruing from the time the order is placed, not from the time the trade is executed.
The interest rate is calculated as simple interest based on the hourly rate at the start of each hour. The interest hours are counted based on the actual borrowing time of the user. That is, immediately after the loan is successful, it counts as 1 hour; at the next full hour, it counts as 2 hours. Any duration less than 1 hour is counted as 1 hour for interest calculation.
The interest rate varies every hour. You can check it on the "Trade" page by clicking "Assets." The assets section will display the interest rates for the current hour and the next hour:
How to check how the interest on digital currency spot trading is calculated on the Web:
The lending interest rate for BiyaPay leveraged trading is calculated on an hourly basis. Note:
The interest on borrowed coins starts accruing from the time the order is placed, not from the time the trade is executed.
The interest rate is calculated as simple interest based on the hourly rate at the start of each hour. The interest hours are counted based on the actual borrowing time of the user. That is, immediately after the loan is successful, it counts as 1 hour; at the next full hour, it counts as 2 hours. Any duration less than 1 hour is counted as 1 hour for interest calculation.
The interest rate varies every hour. You can check it on the "Trade" page by clicking "Assets." The assets section will display the interest rates for the current hour and the next hour:
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BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.