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BlockFi is revolutionizing the way people interact with cryptocurrencies by bridging the gap between traditional finance and digital assets.
Earn up to 8.5% APY on your crypto holdings with our interest-bearing accounts.
Get USD loans using your Bitcoin or Ethereum as collateral without selling your crypto.
Buy, sell, and trade cryptocurrencies with competitive spreads and no hidden fees.
Manage your crypto portfolio on the go with our award-winning mobile application.
BlockFi represents a paradigm shift in how individuals and institutions interact with digital assets. Founded in 2017, our platform has grown to become one of the most trusted names in cryptocurrency financial services, serving over one million verified users and managing more than $15 billion in assets under management. Our mission is simple yet revolutionary: to bridge the gap between traditional finance and the digital asset ecosystem, providing users with the tools they need to make their cryptocurrencies work for them.
The cryptocurrency landscape has evolved dramatically since Bitcoin's inception in 2009. What began as a peer-to-peer electronic cash system has transformed into a comprehensive financial ecosystem encompassing everything from decentralized finance protocols to institutional trading platforms. BlockFi emerged at a crucial inflection point in this evolution, recognizing that while cryptocurrencies offered unprecedented potential for financial sovereignty and growth, the infrastructure to fully realize this potential was largely absent.
Traditional banking services like earning interest on deposits, accessing credit, and managing complex financial portfolios were either entirely unavailable in the crypto space or relegated to high-risk, unregulated platforms. BlockFi set out to change this by creating a regulated, secure, and user-friendly platform that brings the sophistication of traditional finance to the world of digital assets.
One of BlockFi's flagship offerings is our interest-bearing cryptocurrency accounts, which allow users to earn competitive annual percentage yields (APY) on their digital asset holdings. Unlike traditional savings accounts that offer minimal returns in today's low-interest-rate environment, our crypto interest accounts provide the opportunity to earn substantial passive income on holdings of Bitcoin, Ethereum, and other supported cryptocurrencies.
The mechanics behind our interest accounts are both innovative and secure. When users deposit cryptocurrencies into their BlockFi Interest Account (BIA), these assets are strategically deployed across a variety of institutional-grade lending and trading activities. This includes over-collateralized loans to verified institutional borrowers, market-making activities, and other carefully managed financial operations that generate returns while maintaining strict risk management protocols.
Perhaps one of the most innovative aspects of BlockFi's service offering is our crypto-backed lending platform. This service addresses a fundamental challenge faced by cryptocurrency holders: the need for liquidity without sacrificing long-term positions in digital assets. Traditional approaches to accessing capital typically require selling assets, which can result in missed opportunities for future appreciation, capital gains tax implications, and the complexity of re-entering positions.
BlockFi's crypto-backed loans solve this problem by allowing users to borrow USD against their Bitcoin or Ethereum holdings. The process is straightforward yet sophisticated: users pledge their cryptocurrencies as collateral and receive USD loans that can be used for any purpose, from business investments to personal expenses. The collateral remains in secure custody while the loan is outstanding, and borrowers can repay the loan at any time to reclaim their assets.
Security is not just a feature at BlockFi—it's the foundation upon which our entire platform is built. Managing billions of dollars in digital assets requires a security infrastructure that exceeds industry standards and anticipates evolving threats. Our approach to security is multi-layered, comprehensive, and continuously evolving to address new challenges in the cryptocurrency ecosystem.
At the core of our security infrastructure is our cold storage system, which keeps the vast majority of client assets in offline, multi-signature wallets that are geographically distributed and protected by military-grade security protocols. This approach ensures that even in the unlikely event of a security breach, client assets remain safe and inaccessible to potential attackers. Additionally, our hot wallets, which are used for day-to-day operations, represent only a small fraction of total assets and are protected by advanced monitoring systems and real-time threat detection protocols.
In an industry often characterized by regulatory uncertainty, BlockFi has distinguished itself through proactive engagement with regulators and adherence to the highest compliance standards. We operate as a regulated financial services company, working closely with state and federal regulators to ensure our operations meet all applicable requirements while continuing to innovate within appropriate boundaries.
Our commitment to compliance extends beyond regulatory requirements to encompass industry best practices in areas such as anti-money laundering (AML), know-your-customer (KYC) procedures, and data protection. This comprehensive approach to compliance not only protects our users and the platform but also contributes to the broader legitimacy and adoption of cryptocurrency financial services.
As the cryptocurrency ecosystem continues to mature and evolve, BlockFi remains committed to innovation and expanding access to digital asset financial services. We envision a future where the barriers between traditional finance and cryptocurrency are seamlessly bridged, where users can effortlessly move between different asset classes and financial products, and where the unique properties of digital assets—such as programmability, borderless transfer, and cryptographic security—are fully integrated into everyday financial activities. Through continued innovation, regulatory engagement, and unwavering commitment to security and user experience, BlockFi is positioned to play a central role in shaping this future.