Blog

Learn more about BlockFi in the press. BlockFi customers use our services for anything from diversifying investments and paying down debt to buying a car or purchasing real estate — all without having to sell your crypto.

BlockFi Adds Support for PAX Gold (PAXG) and Tether (USDT)

We’re thrilled to announce that BlockFi now supports PAX Gold (PAXG) and Tether (USDT) in certain jurisdictions. PAXG is supported across our product portfolio, enabling our global client base to earn interest on gold-backed tokens, trade, and provide collateral for loans with this innovative digital asset. Meanwhile, USDT will be available for interest-earning accounts andRead more

BlockFi Named to CB Insights List of Fastest-Growing Fintech Startups

NEW YORK, September 1, 2020 — CB Insights today named BlockFi to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.  “We’re proud to, once again, recognize the 250 best private fintech companies globally. This year’s Fintech 250 represents 25 countries and spans 19 categories—reimagining everything fromRead more

BlockFi Hires Former Intermex Exec Tony Lauro as Chief Financial Officer

We’re proud to announce that we’ve hired Tony Lauro as our new Chief Financial Officer. He will play a critical role in expanding BlockFi’s product and service portfolio, while growing our global presence and standing as an innovative, dynamic financial institution.  Lauro’s hiring is another strong example of how BlockFi has matured and become moreRead more

BlockFi Raises $50M Series C Led by Morgan Creek Digital

The funding round comes amid a ten-fold revenue increase over the past year BlockFi is excited to announce today that it has raised $50 million in Series C funding led by Morgan Creek Digital. Other participating investors include Valar Ventures – the lead investor in BlockFi’s Series A and B – CMT Digital, Castle IslandRead more

Jonathan Mayers Joins BlockFi as General Counsel

We’re thrilled to announce that we’ve hired Jonathan Mayers as our new General Counsel. BlockFi brings on Mayers to help us remain at the forefront of regulatory standards in the space as benchmark mandates and crypto regulatory governance continues to develop.  Mayers, bringing decades of experience in legal compliance from traditional financial leaders such asRead more

BlockFi Posts 100% Revenue Increase in Q2

Despite the ongoing coronavirus pandemic and challenging conditions across a range of economic sectors, BlockFi recently posted strong increases in earnings and a broadening of our client base, while expanding services to new regions around the globe. Since raising $30 million in Series B funding in February, the company has doubled monthly revenue. The latestRead more

BlockFi Hires Director of Business Development in Asia

We’re excited to announce that we’ve hired Rishi Ramchandani as Director of Business Development, Asia. Cryptocurrency has become a compelling asset class for institutional investors worldwide, and Rishi will be pivotal in growing BlockFi’s global institutional services. Our company continues to grow in Asia, having recently partnered with Poolin to expand services for crypto minersRead more

BlockFi Partners with Poolin to Expand Services for Crypto Miners

Following the May 2020 halving event, BlockFi has partnered with Poolin, one of the world’s largest cryptocurrency mining pools, to deliver key financial services to the global mining community. Poolin, which is partnering through its Singapore subsidiary BlockIn Wallet, mined the most bitcoins in Q4 2019 and has consistently ranked in the top three globalRead more

Introducing the New BlockFi App

DOWNLOAD THE APP ↓ ● App Store  |  ► Google Play At BlockFi, we’re always looking for ways to add greater convenience and access to the financial services that the crypto community relies on, so we’re excited to announce the release of our all-new BlockFi mobile app. The app is an easy-to-use and highly secureRead more

Former American Express and Credit Suisse Executives Join BlockFi

BlockFi adds to its roster with new Chief Growth Officer and Global Managing Director hires to fuel the company’s global institutional growth and consumer adoption of its platform   BlockFi announced today that it has hired Wittney Rachlin as Chief Growth Officer and David Olsson as Global Managing Director of European and Asian markets. BothRead more

BlockFi Brings on New Strategic Investor, Three Arrows Capital

Off the heels of its $30 million Series B funding round, BlockFi has brought on Three Arrows Capital as an investor to fuel company growth in global markets BlockFi announced today that it has brought on Three Arrows Capital as a strategic investor to the company. Three Arrows Capital, a leading fund manager focused on providingRead more

BlockFi Monthly Update – March 30th, 2020

This month has been one of our busiest months to date. We announced an upcoming rate increase, launched the ability to purchase crypto with cash, and added support for Paxos Standard (PAX). We were able to accomplish all of this during one of the most volatile months in crypto’s history. If you’re interested in learningRead more

BlockFi Adds Support for Paxos Standard (PAX)

Today BlockFi is announcing that it supports Paxos Standard (PAX). PAX will be supported by BlockFi’s BlockFi Interest Account (BIA), allowing crypto investors to earn monthly compounding interest, with an initial annual percentage yield (APY) of 8.6%.  PAX is the third stablecoin that BlockFi has added support for (the platform also supports Gemini Dollar (GUSD)Read more

A Message from Our CEO: An Update on BlockFi Operations

As families, communities, industries, and markets continue to grapple with our current public health climate, we wanted to share an update regarding BlockFi’s operations throughout the present period of high volatility.  Read on for details on our operational performance during this past week, and our plan of action as we move forward. Our Rates OurRead more

A Note From Our CEO: Zac Prince on Dynamic Markets and Public Health

Given the current dynamic market and public health considerations, I wanted to share a note about how we are managing the current environment at BlockFi. Our business is very strong and continues to grow. Earlier this week we successfully launched the ability to directly transfer cash to BlockFi. We remain focused on delivering the bestRead more

BlockFi Monthly Update – February 27th, 2020

February has been a huge month for us with one particularly large announcement: we raised a $30M Series B and were featured across major media channels. We’re thrilled at the opportunity to reach more people with our products. We’re making updates to our BTC and ETH rates, which will go into effect March 1, 2020.Read more

BlockFi Raises $30M Series B Led by Valar Ventures

Six months after raising an $18.3M Series A, BlockFi continues charting rapid growth and expansion into 2020 BlockFi announced today that it has raised $30 million in Series B funding led by Valar Ventures. Other participating investors include Morgan Creek Digital, PJC, Akuna Capital, CMT Digital, Avon Ventures, Castle Island Ventures, Purple Arch Ventures, KeneticRead more

BlockFi Monthly Update – January 30th, 2020

January has been a great start to 2020. We started the year by adding support for USDC and Litecoin, receiving Money Transmitter Licenses (MTLs) in Alabama and New Hampshire, and more. To provide further accessibility to our clients, we’ve decided to extend our one free withdrawal per month policy. Clients will now receive one freeRead more

Rate Adjustments | A Message From BlockFi’s Co-Founder Flori Marquez

Thank you for being a part of the BlockFi community. We launched the interest account in February of 2019 with a 6.2% APY on Bitcoin that stayed the same for an entire year. Aside from rates, one thing we are very proud of is that we have maintained an incredibly high level of client serviceRead more

BlockFi + Litecoin Foundation Partnership Announcement

With the addition of Litecoin to our BlockFi Interest Account (BIA), BlockFi is excited to announce a partnership with the Litecoin Foundation. Litecoin Foundation is a “non-profit organization registered in Singapore with members around the globe who share the mission of advancing Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.”Read more

BlockFi’s Bitcoin Rewards Credit Card | Cheddar Interview with Zac Prince

Our CEO and Founder Zac Prince sat down with Cheddar to talk about our Bitcoin Rewards Credit Card that will be launching in 2020. In the conversation, he touches upon functionality, availability, and why he’s excited about the card’s launch. Key takeaways: First of its kind. There are debit cards in the space, but noRead more

BlockFi Adds Support for Litecoin (LTC) and USD Coin (USDC)

BlockFi is thrilled to announce support for USD Coin (USDC) and Litecoin (LTC) across its product portfolio, allowing its global user base of individual and institutional investors to earn interest, trade and receive loans with a preeminent stablecoin and a highly popular digital asset. Both cryptocurrencies will now be supported in BlockFi’s BlockFi Interest AccountRead more

A Letter from Our Founders: Reflecting on 2019 and what to expect in 2020

Dear BlockFi Clients, As 2019 comes to a close, we wanted to thank you for supporting our platform. We build for you, and your continued feedback pushes us to be the leading financial provider for crypto investors. This has been a breakout year for BlockFi. We launched two new products and rapidly scaled our team,Read more

BlockFi Monthly Update – December 30th, 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 receivingRead more

Monthly Update November 2019

BlockFi Monthly Update – November 27th, 2019

This month the BlockFi team has been hard at work. We launched Allowlisting, added a Wallet Address Book, and made updates to the BlockFi dashboard. This month we’re also announcing that we’ll be increasing our Tier 1 level for BTC and ETH (changes to take effect December 1, 2019). BlockFi clients will be receiving theirRead more

Monthly Update

BlockFi Monthly Update – October 30th, 2019

We want to thank you all for your continued support of BlockFi. Over the last three months alone, we’ve paid out over $2MM worth of crypto in interest and bonuses. In order to bring more value to the BlockFi community, we focused this month’s efforts on launching BlockFi Institutional Services, releasing a new product feature,Read more

Blockfi coinmine partnership

BlockFi + Coinmine Partnership Announcement

We’re thrilled to announce a partnership with Coinmine. Coinmine provides consumer mining units that are easy to operate and can be used anywhere. This partnership provides BlockFi clients more opportunities to earn crypto through mining, while simultaneously enabling Coinmine clients to do more with the crypto they’re currently mining. BlockFi + Coinmine Partnership Perks: BlockFiRead more

BlockFi Monthly Update – September 25th, 2019

Earn Interest on any amount of Bitcoin, Ether, or GUSD In an effort to make our products more accessible to all crypto investors, we recently removed all minimums in the BlockFi Interest Account (BIA). This means that BIA clients will no longer have to meet a minimum deposit amount in their Bitcoin (BTC), Ether (ETH),Read more

Introducing Interest Payment Flex | Diversify Your Cryptocurrency Portfolio

We are excited to announce the addition of a new feature to the BlockFi Interest Account (BIA) –  Interest Payment Flex. Clients holding BTC, ETH or GUSD in their BIA can select to have their compound interest paid out in one of the offered currencies. For example, if you have BTC or ETH in yourRead more

BlockFi Monthly Update – August 28th, 2019

We are raising ETH rates Recently, we have seen increased and consistent demand in the market for ETH. This rise in demand allows us to pay out more to clients. As a result of these market considerations, we are making the following ETH rate updates. Changes will take effect on September 1, 2019.  Balances ofRead more

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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