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BlockFi has launched new cryptocurrency accounts bearing 6 percent annual interest paid monthly in crypto.
Crypto wealth management and lending company BlockFi has launched new cryptocurrency accounts supporting Ethereum (ETH) and Bitcoin (BTC) bearing 6 percent annual interest paid monthly in crypto. The company announced the launch through a post published on its website on March 4.
In July last year, crypto-focused merchant bank Galaxy Digital led a $52.5 million fundraising round for BlockFi.
Furthermore, according to the March announcement, interest earned in BlockFi’s interest accounts compounds monthly resulting in an annual percentage yield of 6.2 percent. The accounts also reportedly are not entirely new, since they have been in private beta since the beginning of the current year and already hold over $10 million in assets.
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