Specializing in asset management and the lending company BlockFi in his blog announced the reduction of interest rates on deposits for amounts in excess of 25 BTC or ETH 500.
Deposit account BlockFi Interest Account (BIA) with a yield of 6.2% per annum, the company introduced in March. Initially the rate was uniform, but later analysts have concluded that the balance 75% of service users are in the range from 5 BTC to 150 ETH, Vietnam in terms of the median client balances BlockFi is $7000.
The company took the decision to leave the rate of 6.2% for accounts with scriptactive in the range from 25 BTC to 500 BTC. However, for amounts over these limits from April 1 will set the interest rate of 2% per annum.
“Suppose your BIA account 25.5 BTC. Then 25 BTC the rate is 6.2% and for the remaining 0.5 BTC — 2%”, — said the representative BlockFi.
In addition, since April, the company introduces a fee for withdrawals — 0.0025 BTC/0.0015 ETH.
As reported by CoinDesk, since the beta launch in January, the service drew cryptolepsis worth more than $35 million.
We will remind, earlier BlockFi managed to attract investment from such well-known players in the market like Coinbase, Galaxy Digital and Fidelity.