Currencies36184
Market Cap$ 3.28T+0.35%
24h Spot Volume$ 42.06B+33.9%
DominanceBTC54.37%-1.47%ETH11.47%-0.54%
ETH Gas0.04 Gwei
/

BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown


by CoinEdition

Share:

BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown
  • BlockFi has announced adopting Coinbase as a distribution partner.
  • According to BlockFi, working with Coinbase will ensure the continuity of eligible crypto withdrawals.
  • The BlockFi platform will shut down in May after initial distributions.

BlockFi, the now-bankrupt digital asset lender, has announced adopting Coinbase as a distribution partner. In a recent blog post, the former crypto platform noted that working with Coinbase will ensure the continuity of crypto withdrawals available to eligible BlockFi Interest Accounts (BIA), Retail Loans, and Private Clients.

According to the former digital asset lender, this new partnership will explore account emails on file to communicate with clients on further details, including instructions on creating accounts on Coinbase. It would also allow crypto-eligible clients who did not meet the April 28 withdrawal deadline to access their funds. 

However, BlockFi clarified that users who do not create Coinbase accounts as instructed may have their funds liquidated and distributed to them in cash, according to the Plan. The one-time digital asset lender further noted that Coinbase would remain the viable option for the …

The post BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 89.31K

-1.08%

$ 0.000161

$ 0.000342


Share:

In This News

Coins

$ 89.31K

-1.08%

$ 0.000161

$ 0.000342


Share:

Read More

Coinbase Eyes Prediction Markets and Tokenized Equity to Verticalize Stack

Coinbase Eyes Prediction Markets and Tokenized Equity to Verticalize Stack

Coinbase Global Inc. moves to capture the booming “event economy,” preparing to intro...
Asia Morning Briefing:  Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In

Asia Morning Briefing: Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In

FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digi...

BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown


by CoinEdition

Share:

BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown
  • BlockFi has announced adopting Coinbase as a distribution partner.
  • According to BlockFi, working with Coinbase will ensure the continuity of eligible crypto withdrawals.
  • The BlockFi platform will shut down in May after initial distributions.

BlockFi, the now-bankrupt digital asset lender, has announced adopting Coinbase as a distribution partner. In a recent blog post, the former crypto platform noted that working with Coinbase will ensure the continuity of crypto withdrawals available to eligible BlockFi Interest Accounts (BIA), Retail Loans, and Private Clients.

According to the former digital asset lender, this new partnership will explore account emails on file to communicate with clients on further details, including instructions on creating accounts on Coinbase. It would also allow crypto-eligible clients who did not meet the April 28 withdrawal deadline to access their funds. 

However, BlockFi clarified that users who do not create Coinbase accounts as instructed may have their funds liquidated and distributed to them in cash, according to the Plan. The one-time digital asset lender further noted that Coinbase would remain the viable option for the …

The post BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 89.31K

-1.08%

$ 0.000161

$ 0.000342


Share:

In This News

Coins

$ 89.31K

-1.08%

$ 0.000161

$ 0.000342


Share:

Read More

Coinbase Eyes Prediction Markets and Tokenized Equity to Verticalize Stack

Coinbase Eyes Prediction Markets and Tokenized Equity to Verticalize Stack

Coinbase Global Inc. moves to capture the booming “event economy,” preparing to intro...
Asia Morning Briefing:  Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In

Asia Morning Briefing: Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In

FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digi...