Look like blockfi.com becoming more legit somewhat competitive with nexo.io, now almost 5% interest on your BTC balance. However watch out for the withdrawal fees, it could hit you big time if you’re thinking withdrawing frequently.
On Thursday, February 27, 2020, 12:48:35 PM EST, BlockFi Newsletter <[email protected]> wrote:
$30M Series B, Rate Updates, Interviews, and more
February 27 Monthly Newsletter
February has been a huge month for us with one particularly large announcement: we raised a $30M Series B and were featured across major media channels. We’re thrilled at the opportunity to reach more people with our products.
We’re making updates to our BTC and ETH rates, which will go into effect March 1, 2020. You will likely be affected by this change, so we’ve taken a moment to explain the changes that will be occurring below.
As a reminder, we recently added support for the stablecoin USDC. Like GUSD, you will earn interest at the industry-leading rate of 8.6% APY on your USDC, and trade with no fees. Learn more about stablecoins and their benefits here.
Please note, BlockFi Interest Account (BIA) interest payments will be going out on the first business day of this coming month (March 2, 2020).
$30M Series B Led by Valar Ventures
We’ve experienced exponential growth as a platform and we’re gearing up for an exciting 2020. Our $30M Series B led by Valar Ventures will help us launch more products faster and continue to build a best-in-class experience.
One of our goals for 2020 is to bring crypto to mainstream audiences. As we scale, we’ll be looking for your continued support in spreading the word about our products through engagement on social media and participation in BlockFi Live.
Learn more about our Series B in Bloomberg, Forbes, and a live interview with our CEO, Zac Prince, on CNBC.
Zac Prince CNBC
Starting March 1, 2020, we will be updating our BTC and ETH interest rates. We generate interest rates for you by lending crypto to institutional investors and rates are affected by market conditions. You can learn more about how this works and the factors that drive rates here and here.
Tier 1 | 4.9% APY | up to 3 BTC
Tier 2 | 3.2% APY | > 3 BTC
Tier 1 | 3.6% APY | up to 250 ETH
Tier 2 | 2.0% APY | > 250 ETH
We’ve been hard at work producing educational content for our video series, BlockFi Live. Check out our most recent BlockFi Live episodes and other interviews here:
Zac Prince and Anthony “Pomp” Pompliano – Series B Announcement
Flori Marquez and Brad Kam – Unstoppable Domains BlockFi Live
Flori Marquez on Cheddar – Series B Announcement
Our support team is always happy to help. If you ever have any questions, call us at +1 (646) 779-9688 or email us at [email protected]
Copyright © 2020. BlockFi, All rights reserved.
201 Montgomery Street, Second Floor, Suite 263
Jersey City, New Jersey 07302
This is a marketing email developed as marketing material for the BlockFi brand. Some of our emails may contain marketing links, which means we will receive a commission for purchases made via those links. Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Cryptoassets are deposited into an account with Gemini or BitGo, our primary custodians and licensed depository trusts.
For more information, please see BlockFi’s Terms of Service.
*All USD values are based on the current price available from Gemini
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