BlockFi is almost halving the interest rate it offers on ether deposits from June 1, while the rate on larger bitcoin deposits will go up slightly.
BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million.
Just weeks after launching the product, BlockFi has cut the interest rate paid to large customers on its crypto deposit account.
BlockFi CEO Zac Prince explains in depth how the startup manages the myriad risks of lending and borrowing crypto.
Cryptocurrency lending startup BlockFi has launched a deposit account that it says provides 6.2 percent compound interest annually.
BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million from Mike Novogratz's Galaxy Digital and others.
Crypto-lending firm BlockFi raised $52.5 million in a fundraising round led by Mike Novogratz's Galaxy Digital.
BlockFi, a startup that offers U.S. dollar loans to crypto-asset owners, has raised $1.55 million in capital from investors.