European Users Can Soon Earn up to 9% on BlockFi

Centralized lending platform BlockFi is rolling out its services to users in Europe. Soon, Swiss, Dutch, and Italian citizens can begin earning up to 9% on their crypto. 

BlockFi Enters Europe

Currently, the BlockFi Interest Account (BIA) offers interest rates as high as 9.3% APY, as shown in the interest rate chart

The testing phase of this new initiative has already started in Italy.

The New York-based company will not offer services to residents of the United Kingdom. This is perhaps due to the ban on the sale of crypto derivatives to retail users, imposed by Great Britain’s financial watchdog, the Financial Conduct Authority (FCA).

The push into Europe comes on the heels of two large funding rounds in 2020. Thanks to a February raise from Valar Ventures and an October raise from Morgan Creek Digital, BlockFi has added $80 million to its war chest this year alone. 

Original source:

Recommedations ...

Memberships - You may want to promote one of your own products. These recommendations will be seen on every singular post page of this and other websites ... Register !!!

Wana Website | Hosting - Cloud Website Hosting packages equipped with a number of Free Bonuses. You’ll get the simple to use Control Panel, which is available in more than ten languages and also includes a 'one click' Apps Installer. We use ZFS storage for maximum safety of your info. A New Way Of Thinking.

Leave a Comment