BlockFi is a crypto-oriented financial services company that offers crypto-backed loans, interest on crypto deposits, and zero-fee trading services.
BlockFi aims to change how traditional finance works. Instead of locking the earning potential of their crypto assets, crypto investors can earn interest on their holdings, borrow against their cryptocurrencies, and trade them at BlockFi.
- Earn interest on crypto assets: BlockFi users can deposit their crypto assets in their account and earn an interest of up to 8.6% annually. The compounding period is set at one month along with a daily interest accrual mechanism.
- Borrow against crypto: BlockFi provides crypto-backed loans, providing customers quick access to funds without selling their crypto assets. BlockFi has a loan-to-value ratio of up to 50% for crypto-backed loans.
- Trade cryptocurrencies: BlockFi offers zero-fee trading services for cryptocurrencies. Users start earning interest on their crypto deposits as soon as the trade is settled.
- TIME IN BUSINESS: Since 2017