BlockFi reduces the deposit rates

Cryptomaniac
By March 23, 2019 21:04

BlockFi company, which specializes in asset management and lending, reports on its decline in deposit rates on its blog.

As reported, at first the rate was unified for all and amounted to 6.2%. However, now for a balance of more than 25 BTC or 500 ETH, the balance on balances exceeding these amounts will be – 2%.

“Let’s say, on your BIA account 25.5 BTC. Then, for the BTC 25, the rate will be 6.2%, and for the remaining 0.5 BTC – 2%, “– said the representatives of BlockFi.

Such changes will take effect on April 1.

However, analysts of the company assure that such changes will not become critical. According to their observations, the balance of 75% of service users are in the range of up to 5 BTC or 150 ETH (in physical terms, the average balance of the account is about $ 7000). Therefore, such changes will affect only a small number of users.

In addition, from April 5, the company introduces a withdrawal commission – 0.0025 BTC / 0.0015 ETH.

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Cryptomaniac
By March 23, 2019 21:04