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A Letter from Our Founders

Published, 4 January, 2022

Stronger Than Ever

2021 was not the year anyone predicted. Across the globe, we experienced challenges and joys unlike any other. As we start off 2022, we take away one key lesson: global crypto adoption is a winding road. The road may have ups and downs but the crypto market is on a continuous path of growth. At BlockFi, we keep rising.

The price of bitcoin started under $30K, reached an all time high of $69K, and ended the year at $47K. Every day, more and more people are committing to learn more about crypto assets and starting to participate in our space. Our vision has always been to bridge the worlds of traditional finance and blockchain technology to bring financial empowerment to clients on a global scale.

We have worked relentlessly over the past 4+ years to help create this reality and the numbers show. In 2021, our client base grew from 100,000 to over 600,000. But that’s not all:

We launched the first-ever crypto rewards credit card and it’s been one of the fastest growing FinTech cards we’ve seen. We paid out over $15 million in rewards to over 75,000 clients.
We improved our trading experience adding 5 new assets and instant ACH trading.
We continued to innovate for our institutional clients, launching BlockFi Prime and partnered with global asset manager Neuberger Berman.

None of this would be possible without the ever-growing trust and support from you. We have and will continue to build industry-leading client success teams so that we can support you and hear your feedback. We are committed to listen and to adapt to provide you the tools you need to manage your crypto investments.

As we look towards 2022, we will continue to work tirelessly towards regulatory clarity. We plan to add additional assets for trading to the platform and to find innovative ways to give our clients simple access to the returns available in this growing space. We will also focus on expanding our international support as we work to bring more clients into the crypto ecosystem. Lastly, we plan to continue to invest in our platform, to make it easier to use and more reliable. And as always, we will put you first.

We’re heading into this year stronger than ever, and we can’t wait to see what we will accomplish together.

Sincerely,

Zac Prince & Flori Marquez

Last updated on January 10th, 2022

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.