🚀 BlockFi announces new crypto interest account with 6.2 percent yield

Crypto lending platform BlockFi has announced two new savings products, one for Bitcoin ($BTC) and the other for Ethereum($ETH) that offer a 6.2 percent rate of interest. Similar to high yield savings accounts the products will offer compound interest with no lock-up periods on the funds. Interest is paid in the currency that is deposited and funds will be custodied at Gemini. BlockFi has been running the product as a private beta that attracted $10 million from retail, corporate, and institutional crypto investors.

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.