What is BlockFi & how does it work?

BlockFi is your one-stop-shop cryptocurrency financial services platform. It offers an excellent range of products like its famous interest-bearing accounts, consumer cryptocurrency loans and its own cryptocurrency trading platform.

How much is BlockFi worth?

BlockFi is a digital asset lender founded by Zac Prince and Flori Marquez in 2017. It is based in Jersey City, New Jersey. It was once valued at $3 billion. In July 2022, it was announced that the cryptocurrency exchange FTX made a deal with an option to buy BlockFi for up to $240 million.

What is a BlockFi wallet?

BlockFi is a cryptocurrency custodian that offers a wide range of crypto-based products, which include your own crypto wallet. Like all crypto wallets, the BlockFi wallet can be used to store crypto assets and earn interest in the long run.

Did BlockFi violate securities law?

Crypto lending platform BlockFi will pay the U.S. Securities and Exchange Commission (SEC) $100 million in a settlement over claims that the company violated securities law through its interest account offering, the regulator announced today. The settlement represents the largest recorded penalty incurred by a crypto firm, Axios first reported.