Bitcoin Mining Pool Poolin Partners With BlockFi to Expand Crypto Lending Service
Poolin, the second biggest bitcoin mining pool by total network power, is expanding its crypto lending and financial services businesses.
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months.
The crypto lending platform has hired banking veteran Jonathan Mayers as general counsel in a bid to stay ahead of the regulatory curve.
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.
BlockFi said it has seen a surge in revenue since the bitcoin halving and the launch of its mobile app.
BlockFi is adding a former Bakkt and Microsoft employee to their lineup to take charge of the firm's security.