June 27, 2022, 4:31PM EDT
• 31 min read

BlockFi Company Intelligence

Quick Take

  • Founded in 2017, BlockFi offers various crypto financial services, including interest accounts, trading, wallet, crypto credit card, crypto loan and institutional services
  • With the $100 million SEC settlement, Celsius ripple effect, 20% headcount cut and 80% reduction in valuation ($5 billion to $1 billion), BlockFi is having a rough 2022
  • This June, BlockFi signed a term sheet with FTX to secure a $250 million revolving credit facility to bolster BlockFi’s balance sheet and platform strength

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here