BlockFi was one of the lenders that found itself in troubled waters following the crypto credit crisis. As forced selling and liquidity issues began to take a toll on investors, the industry, which was already buffeted by inflation and other macroeconomic agents, witnessed several companies, including Celsius and Voyager, go bankrupt.
But BlockFi managed to stay afloat, thanks to its acquisition agreement with Sam Bankman-Fried’s FTX. The company is now back in the crypto yield business. But this time, only for accredited American investors.
BlockFi Yield for Accredited Investors in the US
BlockFi announced that only US clients verified as accredited investors will be allowed to rake in interest on digital assets – BlockFi Yield. According to the official blog post, the new product will first be available in beta to certain clients in the country by the end of 2022 before opening it for all US-based customers at the start of 2023.
The firm described the yield as “competitive,”
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