BlockFi Company Intelligence

Founded in 2017 by Zac Prince and Flori Marquez, BlockFi is a CeFi lender that provides various financial products to its retail and institutional clients. BlockFi’s vision is “to bridge the worlds of traditional finance and blockchain technology to bring financial empowerment to clients on a global scale.” BlockFi rapidly grew during the recent bull cycle – since the end of 2019, BlockFi has seen its retail client base grow from 10,000 to +650,000 in early 2022. BlockFi’s flagship product is the BlockFi Interest Account, providing yields to customer crypto deposits. BlockFi lends out the BIA deposits to its institutional partners to generate yield. In recent years, BlockFi expanded its product suite and currently offers trading, wallet, crypto credit card, crypto loan and institutional services. To become a reliable crypto partner for its customers, BlockFi focuses on scalable growth, risk management and security.

BlockFi offers a software wallet for buying, selling and storing crypto-assets and stablecoins. This wallet does not have hidden fees or minimum balances. With Instant Bank Transfers (ACH), users can make instant crypto trades starting at $20. The maximum single trade limit is $1.2 million. Other wallet features include scheduled repeat buys and crypto tax support (only for U.S. customers).