min to read

2019-09-14 15:33:16




News

BlockFi startup has lifted the minimum deposit limit. now income is received from any amount

BlockFi startup operating

min to read

2019-09-14 15:33:16

BlockFi startup operating in the cryptocurrency lending segment has removed the minimum deposit limit in Bitcoin, Ethereum and Gemini Dollar (GUSD). Now the service accrues annual interest on any amount.

BlockFi startup operating in the cryptocurrency lending segment has removed the minimum deposit limit in Bitcoin, Ethereum and Gemini Dollar (GUSD). Now the service accrues annual interest on any amount.

 

 

In the past, minimum deposits were 0.5 BTC / 25 ETH / 2500 GUSD. The company emphasized that the decision was a response to numerous requests from users.

 

BlockFi also allowed one free withdrawal per month, removing the penalties.

 

The startup is already offering its services in India and is about to expand in Latin America. The management plans to offer financial products developed in accordance with US standards to residents of countries such as Argentina and Costa Rica.

 

It should be reminded that BlockFi introduced crypto deposit accounts with a yield of 6.2% in March. Soon, the deposit rate of more than 500 BTC was reduced to 2%. At the same time, the median customer balance was $7000.

 

The company has already raised more than $74 million from Mike Novogratz's Galaxy Digital, Fidelity Investments, Coinbase and others.

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