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Fresh on the heels of an $18.3 million Series A funding round last August, crypto lending startup BlockFi has secured a $30 million Series B.Announced Thursday, the new funding will help the firm expand both its product offering and geographic footprint. “We decided to opportunistically raise the Series B to expand
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Cryptocurrency has gone through a lot of new developments over the past few months and today, cryptocurrency lending company BlockFi made a major new announcement. The company, which operates its own platform, announced today that it has added support for two more digital assets. Major Expansion The company announced that from now
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Major cryptocurrency lending company BlockFi has added support for two new assets to its list of supported digital currencies.According to a press release shared with CryptoX on Jan. 8, the firm has added major altcoin Litecoin (LTC) and USD Coin (USDC) — the dollar-backed stablecoin from major United States-based
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Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the assets.The initial annual percentage yield on the assets will be 8.6 percent for USDC and 3.78 percent for litecoin. In 2020, the
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Cryptocurrency lending startup BlockFi is set to expand its suite of products in 2020, starting with a Bitcoin (BTC) rewards credit card, Cheddar reports, January 2, 2020. BlockFi to Expand Its Crypto Arsenal BlockFi, a U.S.-based digital currency lending firm backed by the Winklevoss brothers has stated that it will introduce a
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Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States.The firm explained that the license will allow BlockFi to be the first crypto company eligible to offer interest-bearing crypto accounts to Washington state residents.
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Premier cryptocurrency lending service BlockFi has introduced a new feature. It is trading at no fees for Bitcoin, Ethereum and the stablecoin GUSD. The startup has been known to allow users access to returns on their cryptocurrency holdings by offering loans to borrowers against users’ cryptocurrency holdings and then passing
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The company would not disclose exact numbers, but, according to Prince, “tens of thousands” of people are now keeping their crypto with BlockFi, and more than 50 institutional players are borrowing from it. But that’s not enough for this venture capital-funded outfit: in addition to experienced crypto holders, BlockFi wants
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Clients of BlockFi, a cryptocurrency lending company, will now be able to start earning interest on any amount of Bitcoin (BTC), Ether (ETH), and Gemini Dollar (GUSD).No minimum deposit to earn interestOn Sept. 13, the New York-based cryptocurrency lending company, BlockFi, announced that, starting today, its BlockFi Interest Account
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