What is the facility that BlockFi received from FTX?

3 answers

• Moore AllisonFeb 14, 2023 · 2 years ago
  BlockFi recently received a facility from FTX, which is a major cryptocurrency exchange. This facility allows BlockFi to access additional liquidity and funding from FTX. The facility provides BlockFi with the ability to borrow funds at competitive rates, which can be used to support their lending and trading activities. This partnership with FTX enhances BlockFi's ability to meet the growing demand for cryptocurrency loans and trading services, and strengthens their position in the market.
  495

  248
• dalfyOct 10, 2024 · 10 months ago
  The facility that BlockFi received from FTX is a great opportunity for them to expand their operations and improve their services. With this facility, BlockFi can access a larger pool of funds, which enables them to offer more competitive interest rates to their customers. This is beneficial for both BlockFi and their clients, as it allows them to earn higher returns on their cryptocurrency holdings. Additionally, the facility strengthens BlockFi's relationship with FTX, which can lead to further collaborations and partnerships in the future.
  548

  183
• Panuwit MoungkernAug 06, 2023 · 2 years ago
  BlockFi has recently announced that they have secured a facility from FTX, one of the leading cryptocurrency exchanges. This facility allows BlockFi to access additional capital, which they can use to support their lending and trading activities. With this facility, BlockFi can offer more competitive rates to their customers and expand their range of services. It's a strategic move for BlockFi to partner with FTX, as it strengthens their position in the market and opens up new opportunities for growth.
  507

  127