As part of our commitment to providing a robust end-to-end experience for crypto investors, we’re thrilled to announce that BlockFi now supports Chainlink (LINK) and Binance USD (BUSD) in eligible markets.
In addition to the ability to earn compound interest in crypto on each of these currencies in your BlockFi Interest Account (BIA), you can now buy, sell, and trade these new currencies into any currency currently available on our trading platform, which includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Paxos Gold (PAXG), Paxos Standard (PAX), Gemini dollar (GUSD), and USD Coin (USDC).
Check out the chart below to see the current crypto interest rates you can earn on each cryptocurrency through the BIA:
We’re excited to add support for Chainlink (LINK), an innovative cryptocurrency that bridges the gap between smart contracts and external data, allowing smart contracts to interact with off-chain resources, such as data feeds or web APIs, in a decentralized manner. LINK, originally built on the ethereum network but now working on different blockchain networks, has a market cap of $10.96 billion
, making it one of the biggest coins by market cap.
BUSD is issued by Binance and leverages the ledger efficiencies of blockchain technology while maintaining the price guarantee attributes of traditional fiat currencies. BUSD is a dollar-backed stablecoin that’s issued as ERC-20 tokens on the ethereum blockchain network.
Stablecoins like BUSD play an increasingly valuable role in helping people move funds using blockchain payment rails, facilitating global access to major markets, and providing new opportunities for growth that many investors would not otherwise be able to access.
“We’re excited to support these new currencies on our platform and to continue providing our clients with innovative crypto opportunities,” said Zac Prince, CEO and Founder of BlockFi. “Greater adoption of new cryptocurrencies benefits our clients and furthers crypto’s presence on the global stage.”
The addition of these new cryptocurrencies advances BlockFi’s mission to deliver a wider range of services and support for our clients while providing a path to financial empowerment on a global scale.
If you have any questions about supported currencies at BlockFi, please submit a support ticket HERE
Trading qualifications are dependent upon geographic and regulatory restrictions.
Disclaimer: Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person’s nationality, residence or otherwise.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. For more information, please see BlockFi’s Terms of Service.