According to a new report, Bitcoin and Ethereum bring investors to interest-bearing accounts in crypto-money.
In just three weeks, he said, traders moved $ 35 million in BTC and ETH to show interest in their Crypto accounts on BlockFi. The New York-based company is a secure bank loan provider offering USD loans backed by asset assets to asset holders who guarantee their loans.
BlockFi launched crypto savings accounts on March 5 and offered an annual interest rate of 6% annually, which was paid monthly for the crypto and yielded an annual yield of 6.2%.
This figure is particularly high compared to US banks, which are increasingly lower and have lower rates over the years. ZFC Prince, CEO of BlockFi, said the platform's interest rate will fluctuate as well as Bitcoin and Ether prices.
Neden We expect that the interest rates in the accounts will be lower when prices are lower and lower during the rise of prices because the demand for borrowing from Bitcoin is partly due to market sentiment. In the crypto money market and in the long term of Bitcoin are rising. "
BlockFi said his accounts were designed for retail investors and that crypto whales were not designed. In a new blog post, the company says it introduces 25 BTC and 500 ETH limit next month.
Kab kab Only from Block 1 (BIA) balances with only 25 BTC or 500 ETH (equivalent to roughly 100,000 US Dollars and 70,000 US Dollars respectively) starting April 1 will earn an APY interest rate of 6.2%.
All balances above this limit will earn a 2% incremental interest rate. To explain, if your BIA account has 25.5 BTC, the first 25 BTC will earn 6.2% and the remaining 0.5% 2 will gain interest. Açık
The company also offers a fixed fee of 0.0025 BTC and 0.0015 ETH for leri ensuring that BIA can support as many customers as possible while maintaining the high quality services we offer to the average Crypto consumer Şirket.
Established in 2017, BlockFi is backed by Morgan Creek Capital in the cryptosphere, Galaxy Investment Partners, Coinbase, ConsenSys and Devonshire Investors, the private investment arm of Fidelity Invest, and many high-profile investors, one of the largest financial institutions.