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BlockFi Monthly Update – December 30th, 2019

Published 30 December, 2019

    December has been one of the biggest months to date for BlockFi. We finished the year out by launching BlockFi Trading, receiving our Money Transmitter License (MTL) in Kansas and Washington, recording our first episode of BlockFi Live, and presenting at the Latin American Bitcoin & Blockchain Conference in Uruguay.

    BlockFi clients will be receiving their BlockFi Interest Account (BIA) interest payment on the first business day of January (1/2/20). As a reminder, if you are planning on withdrawing funds from your BIA, withdrawals are not immediate and will take 1-2 business days for security purposes. Please note that our response time over the New Year holiday may be slower than usual. As always, you can reach out to support@blockfi.com if you need assistance.

     

    BlockFi Trading

     

    With the launch of BlockFi Trading, you can now access no-fee trading between crypto pairs while simultaneously earning monthly compound interest. This allows you to easily rebalance your portfolio and more actively trade your crypto without giving up the industry-leading interest rates BlockFi offers. You can learn more and start trading here.

     

    Kansas and Washington State MTL

     

    BlockFi is proud to announce that we received our Money Transmitter License (MTL) in Kansas and Washington State, making us the first and only crypto finance platform to receive an MTL in Washington. As a result, BlockFi Interest Accounts and Trading are now available to residents of both states.

     

    BlockFi Live

     

    This month we recorded our first BlockFi Live, a show providing commentary on what we’re working on at BlockFi and developments within the crypto sphere. During our first episode, CEO and Founder Zac Prince discusses this year’s accomplishments and what 2020 looks like for BlockFi. Additionally, he answers client questions in AMA style. You can watch the first episode here.

     

    Latin American Bitcoin & Blockchain Conference

     

    BlockFi Co-founder and VP of Operations Flori Marquez spoke at the Latin American Bitcoin & Blockchain Conference in Montevideo, Uruguay about the future of crypto lending and its potential in Latin America. You can listen to her panel discussion here. (Please note, this discussion is in Spanish.)

     

    If you ever have any questions, our support team is always happy to help. Call us at +1 (646) 779-9688 or email us at support@blockfi.com.

    – The BlockFi Team

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    All BIA balances are stored in a custodial account with Gemini.
    Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. For more information, please see BlockFi’s Terms of Service.
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    Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are riot subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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    Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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