BlockFi was a cryptocurrency financial services company that provided lending, borrowing, and trading services for digital assets. The platform allowed users to earn interest on cryptocurrency deposits, borrow against their crypto holdings, and trade various digital assets. BlockFi served both retail and institutional clients, becoming one of the prominent players in the crypto lending space. However, the company faced significant challenges during the 2022 crypto market downturn and filed for bankruptcy in November 2022 following exposure to FTX and other market disruptions.
BlockFi has received investment from 4 venture capital firms.
Cryptocurrency financial services company offering lending, borrowing, and trading services backed by digital assets.
BlockFi has received investment from CMS Holdings, Castle Island Ventures, Coinbase Ventures, Galaxy Digital Ventures. These venture capital firms and investors provide both capital and strategic support.
BlockFi has raised $450M in total funding, with their most recent round being a Series D+. The company operates in the Web3 sector.
BlockFi was founded in 2017 and is headquartered in Jersey City, New Jersey.
BlockFi operates in the Web3 sector. Cryptocurrency financial services company offering lending, borrowing, and trading services backed by digital assets.
