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BlockFi Enters California, Now Lending in 44 States

Published, 27 August, 2018

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BlockFi approaches lending from the perspective of our clients. What do people look for in a lender? It always comes back to ease, speed, and affordability. But even before that, we need to be where our clients are.
Today we’re excited to announce that BlockFi is now lending in California, opening up our cryptoasset-backed lending product to one of the largest crypto markets in the U.S. Our emphasis on working with state governments and lawmakers to create long-term relationships is paying off with the continual growth of our lending footprint. The addition of California extends our reach to 44 states, making BlockFi the most widely available crypto-to-USD lending service in the U.S.
BlockFi’s goal from the beginning has been to bring affordable debt products into the crypto-ecosystem. As a result, we offer the most competitive rates in the U.S. market and will expand to other markets soon. With interest rates ranging from 10-13.5%, it’s becoming easier and easier for people to leverage their cryptoassets without having to sell or miss out on the future upside value of their cryptocurrency investments.
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In the near future, BlockFi plans to grow our debt and lending services into additional products and geographies. In the near-term, BlockFi will support more cryptoassets as collateral and offer new credit products, such as crypto-backed credit cards. We believe that the future of the blockchain ecosystem relies on expanding everyday usability and providing financial products that the average person can understand.
BlockFi now has the largest lending footprint, most affordable rates, and is the only institutionally backed lender in the industry. As we continue to grow our business, we’re working to integrate our services with other leading projects in order to continue to bridge the blockchain and traditional finance ecosystems.
If you’re interested in working with BlockFi or have any questions about our services, please contact our team at support@blockfi.com. We love hearing from you.
Applying for a BlockFi loan takes less than 2 minutes. If you’ve been curious about leveraging your crypto to meet your funding needs, we’re here to help. Apply now.
— The BlockFi Team

Last updated on February 3rd, 2021

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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.
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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.
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This icon serves as a link to download the eSSENTIAL Accessibility's free assistive technology app for individuals with physical disabilities.
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.
2022 © All Rights Reserved.