According to a new report, depositing bitcoin and ethereum interest encouraged millions of people to take their crypto assets into their interest-bearing accounts.
In just three weeks, Bloomberg said, traders have moved $ 35 million in BTC and ETH to show interest in the Crypto accounts at BlockFi. New York-based company credits crypto is a secure bank loan provider that provides USD asset-backed assets to collateral owners.
Bitcoin And Ethereum Deposit
BlockFi launched its crypto-money accounts on March 5th and presented an annual interest rate of 6% on a monthly basis to achieve a yield of 6.2% a year in crypto.
This figure is particularly high compared to US banks, which are increasingly lower and have lower rates over the years. BlockFi CEO Zac Prince, the platform's interest rate Bitcoin and ether said the prices will fluctuate as well.
Bek We expect that the interest rates in the accounts will be lower when prices are lower and lower when prices rise. We are raising crypto money and Bitcoin in the long term. "
the blockfsaid that their accounts were designed for retail investors and not designed for crypto whales. On a new blog post, the company says it will put 25 BTC and 500 ETH limit next month.
Kab 500 Starting on 1 April, only BlockFi Interest Account (BIA) balances with only 25 BTC or 500 ETHs (roughly equivalent to US $ 100,000 and US $ 70,000 respectively) will earn an APY interest rate of 6.2%.
All balances above this limit will earn a 2% incremental interest rate. To explain, if you have 25.5 BTC in your BIA account, the first 25 BTC will earn 6.2% and the remaining 0.5% BTC will earn 2%. Açık
Company also B Ensure that BIA can support as many customers as possible while maintaining the high quality services it offers to the average crypto consumer “ offers a fixed withdrawal fee of 0.0025 BTC and 0.0015 ETH.
Founded in 2017, BlockFi, Morgan Creek Capital in the cryptosphere, Galaxy Investment Partners, Coinbase, ConsenSys and Devonshire Investors, the private investment arm of Fidelity Invest owners, is one of the largest financial institutions in the world. investor powered by.