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BlockFi | Bitcoin | Ether | Cryptocurrency

As and when a new cryptocurrency product is launched, the ecosystem buzzes with excitement, though the BlockFi’s interest-yielding deposit accounts have managed to mark itself as a pioneer in grabbing markets attention.

While BlockFI was founded in 2017, it started offering fiat loans with crypto collateral in January 2018 and it was in January 2019 that the firm grabbed the spotlight with its latest interest-yielding deposit accounts. The said product entices investors with returns of up to 6.2 percent annually for holding their bitcoin or either.

A beta version of the product was launched at the time, and it went fully live on March 5th. The product has been gaining traction since its launch, as per CEO and founder Zac Prince, the firm has already received deposit worth more tha...

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