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BlockFi is excited to announce today that it has dropped all minimums in the BlockFi Interest Account (BIA). BIA clients will no longer have to meet a minimum deposit amount in their Bitcoin, Ether, or GUSD balances in order to earn interest. Additionally, BlockFi has removed the early withdrawal penalty from the account and isRead more

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

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

BlockFi is pleased to announce that it has raised $18.3 million in Series A funding led by Valar Ventures with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek and PJC. The capital will be used to add new products to BlockFi’s existing platform, which includes interest-earningRead more

BlockFi is excited to announce that it has completed the second ever “Exchange for Physical” (EFP) bitcoin transaction with XBTO, facilitated by ED&F Man Capital Markets Inc. In September 2018, BlockFi became a pioneer in the institutional lending markets for bitcoin by offering one of the first bitcoin financing transactions structured under the ISDA/CSA documentationRead more

Asset Growth – General State of the Business Equity markets typically experience a summer slowdown. In stark contrast, July was a colorful month for crypto. While the price of Bitcoin has remained relatively unchanged on a month-over-month basis, much has happened in the 4 weeks spanning July. Notably, the Treasury Secretary issued a statement onRead more

BlockFi is devoted to offering institutional quality products and services that enable clients to build their wealth. Building wealth comes with the responsibility of safeguarding capital and BlockFi’s withdrawal process was designed to enhance security.  BlockFi has processed nearly $120M in withdrawals of Bitcoin and Ether since launching the BlockFi Interest Account based on currentRead more

As the first half of 2019 comes to a close, we can safely say that the blockchain sector has continued to be magnetic. Even in the last 30 days, we’ve seen meaningful development across the industry. On the retail side, crypto adoption continues to grow, with Facebook announcing plans to release their own Libra tokenRead more

We’re thrilled to announce a partnership with Casa. Casa offers the leading personal key system that allows crypto holders to securely store their own assets. At BlockFi, we believe that each crypto investor should find the proper balance of risk and security. The BlockFi and Casa partnership allows BlockFi clients to have access to bothRead more

2019 has been the year of #stackingsats. From earning cash-back to earning interest in a BlockFi Interest Account (BIA), crypto investors have more options than ever to start earning more crypto. In May we discussed the main points about how the crypto lending market works. In May we saw that CME Bitcoin Futures Volume hitRead more