BlockFi Cuts Minimum Deposit, Launches Crypto Lending in India | Finance Magnates
23 April 2019 3:35 PM GMT
The company added that it expects to lower its minimum balance further in the near term.
- New York–based BlockFi, a provider of crypto-backed lending products , has lowered the minimum required Bitcoin balance to earn interest to 0.5 BTC.
- The move was part of several updates to Gemini-backed firm's services which also included offering the crypto interest-bearing accounts to its users in India.
- The company added that it expects to lower its minimum balance further in the near term.
- That means if your BIA BTC balance was between 0.5 and 1 BTC in April, you're eligible to receive interest at the end of April," BlockFi explains.
Next Story
