• Edit
DateInvestorsAmountRound
-

N/A

-
*

$1.6m

Seed
N/A

$2.3m

Seed
*

$52.5m

Early VC
*

$4.0m

Convertible

$18.3m

Series A

$30.0m

Series B

$50.0m

Series C

$350m

Valuation: $3.0b

Series D

$500m

Valuation: $4.5b

Series E

N/A

Secondary
*

$250m

Debt
*
N/A

N/A

Bankruptcy
Total FundingCAD1.4b

Recent News about BlockFi

Edit
More about BlockFiinfo icon
Edit

BlockFi is a financial services company that bridges the gap between traditional finance and the burgeoning world of cryptocurrency. The company operates in the cryptocurrency market, offering a range of products designed to help both individual investors and businesses manage and grow their crypto assets. BlockFi serves a diverse clientele, including individual crypto holders, businesses, and institutional investors.

One of BlockFi's primary offerings is its currency trading platform, which allows users to trade various cryptocurrency pairs, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC), and Gemini Dollar (GUSD). This platform is designed to be user-friendly and aims to maximize the earning potential of its users. BlockFi uses Gemini, a well-known cryptocurrency exchange, as its primary custodian, ensuring the security of its clients' assets.

Another significant product offered by BlockFi is crypto-backed loans. These loans allow clients to use their cryptocurrency holdings as collateral to access liquidity in USD without having to sell their assets. Clients can unlock up to 50% of the value of their crypto assets and receive funds the same day via wire transfer or stablecoin. This service is beneficial for various purposes, such as paying off debt, purchasing a home, or financing business operations. The advantage of borrowing against crypto assets instead of selling them is that clients can maintain their investment positions while accessing needed funds.

BlockFi's business model revolves around providing financial services that cater to the needs of crypto investors. The company makes money through interest on loans, trading fees, and other financial services. BlockFi is backed by prominent institutional investors, including Valar, Galaxy Digital, Susquehanna, and Coinbase, which adds to its credibility and trustworthiness in the market.

In summary, BlockFi is a pioneering company in the crypto-financial services sector, offering trading, lending, and wealth management solutions to a wide range of clients.

Keywords: cryptocurrency, trading, loans, collateral, liquidity, Bitcoin, Ethereum, institutional investors, financial services, BlockFi.