BlockFi
United States
Founded in
2017 (9 Years)
Founded
Last online: No recent activity
TrustRanking
#27of Financial
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OVERALL SCORE
Others
3/10
Reviews
63/90
175 reviews
Provided by TrustFinance
OVERALL SCORE
Others
3/10
Reviews
63/90
175 reviews
Provided by TrustFinance
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Warning Report
Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.
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Jul 02, 2567
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Company Information
Get to know BlockFi
Company Information
Get to know BlockFi
Founded in 2017 by Zac Prince and Flori Marquez, BlockFi emerged as a prominent centralized finance (CeFi) platform aiming to bridge the worlds of traditional finance and blockchain technology. The company's primary services included the BlockFi Interest Account (BIA), which allowed clients to earn interest on their cryptocurrency deposits, and US dollar loans collateralized by crypto assets. It later expanded to include a crypto trading platform and a Bitcoin rewards credit card. However, following significant market turmoil and exposure to the collapse of crypto exchange FTX and its affiliate Alameda Research, BlockFi halted client withdrawals in November 2022 and subsequently filed for Chapter 11 bankruptcy protection. The company is now in the process of winding down its operations and distributing remaining assets to its clients and creditors.
Industry
- Financial Financial AdvisementPRIMARY
- Crypto Cryptocurrency
- Crypto Exchange
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Reviews
Highlight Review
Review Analytic
Manada Bakori
Direct
Excellent
Overall Thought
BlockFi has truly established itself as a game-changer in the world of cryptocurrency finance, offering a comprehensive suite of services that empower users to make the most of their digital assets. As a dedicated crypto enthusiast, I've had the privilege of exploring various platforms, and BlockFi has undoubtedly risen to the top of my list for several compelling reasons.
Aug 31, 2023
Saadatu Muhammad
Direct
Excellent
Overall Thought
BlockFi has truly transformed my experience in the crypto world. From the moment I signed up, their user-friendly platform made navigating the complexities of crypto lending and borrowing a breeze. What sets BlockFi apart is their impressive interest rates on crypto deposits – it's like watching your assets grow effortlessly. The security measures they've put in place gave me peace of mind, knowing my investments are in safe hands. The icing on the cake? Their responsive customer support that's always ready to assist. BlockFi is, without a doubt, my go-to platform for all things crypto.
Aug 30, 2023
Muhammad Nasir
Direct
Excellent
Overall Thought
It is my privilege to share my experience with BlockFi, a leading figure in the domain of cryptocurrency trading. The platform's interface marries simplicity with advanced capabilities, emblematic of BlockFi's dedication to enhancing user interactions. The withdrawal process, a critical juncture, unfolds with exceptional efficiency, showcasing BlockFi's operational finesse. The steadfast support team, a testament to professionalism, warrants recognition for their instrumental guidance.
Aug 28, 2023
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