The most redeemed BlockFi discount codes
| Discount: | Description: | Expiry Date: |
|---|
| $10 | Earn $10 in BTC joining BlockFi through here 81b828d2 | 2024-04-19 |
| 8 6% | With BlockFi you can use cryptocurrency to earn interest at up to 8 6% APY 81b828d2 | 2024-04-20 |
| 4 5% | Borrow money at rates as low as 4 5% APR at BlockFi 81b828d2 | 2024-04-23 |
| 1 5% | Spend credit earn bitcoin at BlockFi 81b828d2 | 2024-04-19 |
BlockFi Funding: How much money has BlockFi raised?
BlockFi has raised a total of $508.7M, valuing the young company at $3 billion.
Most recently, BlockFi raised its lion's share of funding in a $350M Series D, led by new investors such as Bain Capital Ventures, Pomp Investments, Tiger Global, and partners of DST Global. In a press release, BlockFi noted it plans to use the inflow of capital to explore further innovation in its product suite, accelerate new market expansion, and potentially fund new acquisition opportunities.
BlockFi raised $50 million in its Series C led by Morgan Creek Digital, with participating investors such as Valar Ventures, Winklevoss Capital, Kenetic Capital, CMT Digital, Castle Island Ventures, SCB 10X, HashKey, Avon Ventures, Purple Arch Ventures, Michael Antonov, NBA player Matthew Dellavedova, and two university endowments.
Prior to its recent Series C, BlockFi raised $18.3 million in Series A funding led by the Peter Thiel-backed Valar Ventures with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC.
BlockFi has also raised earlier rounds by SoFi and Purple Arch Ventures.
The team notes that they anticipate raising additional capital in the future to facilitate continued product development and rapid growth.
BlockFi's revenue has grown 10x over the past year, putting it on track to reach $100M in revenue over the next year. With over $1.5B in assets on the platform, and a 0% loss rate across its lending portfolio, BlockFi has made a strong case for establishing itself as a dominant entity in the overarching emerging FinTech space.
The company currently has over 265,000 retail and 200,000 institutional clients, and has reported a monthly revenue of $50m in 2021, compared to $1.5m monthly revenue in 2020.
BlockFi Interest Account and BlockFi Interest Rates
The BlockFi interest rates are fairly competitive, especially when compared to simply keeping your cryptocurrency on an interest-free exchange or wallet.
- Bitcoin: Users can earn up to 6% in annual interest on deposits under 2.5 BTC, and 3% on any BTC amount above that 3 BTC threshold.
- Ethereum: Users can earn up to 5.25% in annual interest on any ETH deposits.
- Litecoin: Users can earn up to 6.5% in annual interest on all deposits.
- Chainlink: 5.5% on any deposit amount.
- Gemini Dollars: Users can earn 8.6% interest on their GUSD deposits.
- USDC Dollars: Users can earn 8.6% interest on their USDC deposits.
- PAX: Users can earn 8.6% interest on their PAX deposits.
- PAXG: Users can earn 5% interest on their PAXG deposits.
- USDT: Users can earn 9.3% interest on their USDT deposits.
- BUSD: Users can earn 9.3% interest on their USDT deposits.
The interest rates are paid in their nominal cryptocurrency. For example, you will earn 0.06 BTC on 1 BTC in a full year, provided the interest rate stays the same. If you've been in the cryptocurrency space for a while you're no stranger to the pros and cons of owning a volatile asset- your 0.06 BTC could either be more or less than its USD equivalent at the time of deposit, so plan accordingly.
However, earning 8.6% on a stablecoin such as Gemini Dollar eliminates some of the volatility risks. $10,000 in GUSD will earn you $860 in GUSD for the full year, and since it's pegged to the U.S. Dollar, you won't have to be concerned about its price being drastically different (provided something catastrophic doesn't happen to Gemini or its GUSD.)
Please note that BlockFi charges flat withdrawal fees. which are subtracted from the total withdrawal amount. Users get 1 free withdrawal per month.
How Does BlockFi Make Money?
BlockFi is a spread business that makes money by borrowing capital at a certain rate (the interest rates it pays to users) and lends it a higher rate (the interest rates it offers for BTC/ETH/GUSD loans). A BlockFi blog post notes that the company primarily works with institutional counter-parties to offer them liquidity. These borrowers consist of:
- Traders and investment funds that seek arbitrage trading opportunities in a fragmented marketplace. They borrow cryptocurrency to close mispricing gaps between exchanges or dispersed markets. Margin traders will borrow to fuel their trading strategies.
- Over the counter (OTC) market makers that connect buyers and sellers that prefer not to transact over public exchanges, often at a steep mark-up. These parties need to keep cryptocurrency inventory on-hand to meet demand. Since owning the cryptocurrency is very capital intensive and bears the risks of price volatility, OTC market makers will borrow from lenders such as BlockFi to facilitate their needs.
- Other businesses that need an inventory of cryptocurrency to provide their clients with liquidity. This category includes businesses such as cryptocurrency ATMs that keep the majority of their cryptocurrency assets in cold storage and need some level of liquidity to function on a daily basis.
BlockFi Coupon Codes
If you're looking for coupons at BlockFi, then you'll be here at the right place! We update daily our coupons and offers, we search for you the best BlockFi Coupon Codes and offers, you will always save on your online purchases with our coupons. At the list on top of this page, you'll see all the offers, coupons, promo codes and discounts currently available at BlockFi. Easy, right? This listing was last updated on 19 April 2024.
We want to help our loyal visitors as much as possible to get a discount at as many online webshops. Therefore, beside BlockFi, we have over 20'000 other online webshops located in the USA on our website with a wide range of Coupon Codes, offers and promotional codes. For example, check out our Cross Promo Code or CruiseDirect Promo Code, they have daily new offers and coupon codes.
There are mostly several Coupon Codes available. Just think of a free shipping code or a code that gives a certain percentage of your order. Some Coupon Codes are for a specific product, other promotional codes give you a discount on the entire assortment. It is a surprise every day, which promotional codes offer the webshops, but in any case, they will find them here on our website!
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How can I use a BlockFi Coupon Codes?
A promotional code or promotional code from BlockFi can be used in two ways. The first way is by simply clicking on "SHOW CODE", copying the code, and then pasting it into the shopping cart of this webshop. The other way is by clicking on 'VIEW OFFER', after which you will be redirected directly to the webshop and the discount will be applied automatically.
Most Promo Codes can be used, but we also offer promotional codes and offers from stores and brands abroad like Europe, China or Brazil. This way you will find the best bargains worldwide!
To make at for our visitors as easy as possible, we've selected the best and most advantageous Coupon Codes from BlockFi and put them on top of the listing. This way you save time, because you see all Coupon Codes in a handy overview. So, if you're going to buy with BlockFi Coupon Codes, we recommend using a coupon code or offer from our website, so you can enjoy more online shopping! And the most beautiful of everything? All of our Coupon Codes can be used for FREE!
You do not have to register for coupon codes BlockFi Coupons, but we recommend you sign up for our newsletter. That way, you get the latest Coupon Codes, offers and special bargains in your mailbox. We select the webshops with the most beneficial actions for the newsletter, so you can also get acquainted with new online stores.
What is a BlockFi Coupon Code?
A coupon code from BlockFi is an alphanumeric code that you use to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or coupon. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
FAQ
What are the promo codes and offers currently valid for BlockFi at April 2024?
Right now, there are 4 Coupons codes and offers available for BlockFi:
Earn $10 in BTC joining BlockFi through here
With BlockFi you can use cryptocurrency to earn interest at up to 8 6% APY
Borrow money at rates as low as 4 5% APR at BlockFi
Spend credit earn bitcoin at BlockFi
How often does BlockFi release new coupon codes?
Lately, we've discovered a new discount code from BlockFi every 30 days. Over the last 90 days we've found 4 new coupons from BlockFi.
How much can I save by using a coupon at BlockFi?
With the best discount we've found, you can get up to a 8 6%. BlockFi shoppers have saved already 54 times at checkout.
How do I get the latest deals from BlockFi?
Subscribe to 1001promocodes.com's email alerts for BlockFi and we will email you notification every time we discover a new discount code. If you can't find a working coupon code right now, subscribe and receive the latest deals as soon as we discover them.
Are there any active BlockFi coupon codes at this time?
Yes! Right now on 1001promocodes.com, you can find 4 coupon codes for BlockFi that are verified and working. BlockFi coupons and promo codes found on 1001promocodes.com have been used 54 times, equalling lots of savings!
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