BlockFi operates as a financial services company focusing on building products for cryptocurrencies. It offers interest-earning accounts, loan security by Cryptocurrency, and zero-fee trading. The company enables clients to build and manage wealth through digital asset investments. The company was founded in 2017 and is based in New Jersey, United States.
Research containing BlockFi
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned BlockFi in 10 CB Insights research briefs, most recently on Jan 26, 2023.
Expert Collections containing BlockFi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BlockFi is included in 7 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest BlockFi News
Sep 14, 2023
News provided by Share this article Share toX NEW YORK, Sept. 14, 2023 /PRNewswire/ -- The " cryptocurrency market by type (bitcoin, ethereum, and others), component (hardware and software), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cryptocurrency market from 2022 to 2027 is USD 1.81 billion, according to Technavio. Rising investment in digital assets is a key factor driving market growth. Traditional securities issuance and cross-border transactions often impose significant administrative burdens. Failure to complete the transaction promptly may result in significant additional costs as well as delays. On the other hand, digital assets allow for quick transfer of ownership without the need for hard copies of documents. Furthermore, cryptocurrencies are becoming increasingly popular in the digital asset market due to these characteristics. FinTech is driving innovation in financial markets worldwide and leading to the emergence of digital assets. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and more. Buy the full report here . Market Challenge Volatility in the value of cryptocurrency is a significant challenge restricting market growth. The value of cryptocurrencies is very volatile. Therefore, low-risk investors do not include cryptocurrencies in their financial portfolios. The fluctuations in value are largely because cryptocurrencies are held by a limited number of people who buy and sell in large quantities on trading platforms and exchanges. Additionally, the absence of transaction fees, position fees, transaction publishing fees, and exchange platform regulations also leads to fluctuations in the value of cryptocurrencies. As a result, people who hold large amounts of cryptocurrency manipulate the value to increase profits without making real investments. Hence, these factors are expected to restrict market growth during the forecast period. The cryptocurrency market is segmented by type (bitcoin, ethereum, and others), component (hardware and software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The market share growth by the bitcoin segment will be significant during the forecast period. Bitcoin, the world's most popular cryptocurrency, is gaining popularity globally. Above all, it is designed to be an alternative to traditional. Furthermore, bitcoin is a digital currency that can be transferred peer-to-peer (P2P) without a central authority. Bitcoin currently has the largest market capitalization, more than double that of its closest competitor, Ethereum. A total of 95% of crypto owners and prospective buyers know about Bitcoin. In the US, some 8% are trading in cryptocurrencies. A decentralized system called Blockchain is used to create, store, process, and exchange it. Hence, these factors are expected to drive segment growth during the forecast period. North America is estimated to contribute 48% to the growth of the global market during the forecast period. View Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report. Key Companies in the Cryptocurrency Market: Advanced Micro Devices Inc., AlphaPoint Corp., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc., iFinex Inc., Intel Corp., KuCoin, Ledger SAS, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank Ltd. Related Reports: The Security Analytics Market size is estimated to grow at a CAGR of 10.15% between 2022 and 2027. The market size is forecast to increase by USD 6,512.26 million. Key companies profiled Advanced Micro Devices Inc., AlphaPoint Corp., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc., iFinex Inc., Intel Corp., KuCoin, Ledger SAS, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. ToC: About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts
BlockFi Frequently Asked Questions (FAQ)
When was BlockFi founded?
BlockFi was founded in 2017.
Where is BlockFi's headquarters?
BlockFi's headquarters is located at 201 Montgomery Street, Jersey City.
What is BlockFi's latest funding round?
BlockFi's latest funding round is Bankrupt/Admin.
How much did BlockFi raise?
BlockFi raised a total of $762.75M.
Who are the investors of BlockFi?
Investors of BlockFi include FTX, Valar Ventures, Morgan Creek Digital, PJC, Winklevoss Capital and 44 more.
Who are BlockFi's competitors?
Competitors of BlockFi include hi, Celsius, Blocknative, Tellus, Blockchain.com, Babel Finance, Block Crafters, CoinZoom, Dharma Labs, Ledn and 19 more.
Compare BlockFi to Competitors
Crypto.com serves customers with a crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet. Crypto.com NFT is a platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment, and sports. Crypto.com is built on a solid foundation of security, privacy, and compliance.
BitPay provides a cryptocurrency-based payments and receivables platform. It develops software tools that allow businesses to collect payments through peer-to-peer payment networks, offer debit cards backed by cryptos for individuals, and payment plugins for e-commerce shopping carts. The company was founded in 2011 and is based in Alpharetta, Georgia.
Binance provides a blockchain-based platform to facilitate cryptocurrency exchange. The platform offers its users access to a range of blockchain/DLT technologies, assisting clients to trade across multiple digital currency pairs. The company was founded in 2017 and is based in Vilnius, Lithuania.
Circle provides a financial technology solution allowing users to send and receive funds globally. It offers crypto treasury management solutions for businesses to manage digital assets. It serves asset managers, financial technology companies, and financial institutions. The company was founded in 2013 and is based in Boston, Massachusetts.
eToro provides a social trading platform for cryptocurrencies. It allows users to invest and enhance their financial education. The company's platform helps users and traders to trade different asset classes such as stocks, options, and more. It also allows users to copy the trading patterns of other traders. The company was founded in 2007 and is based in London, United Kingdom.
Grayscale Investments, established by the Digital Currency Group, provides digital currency investment services. It offers access and exposure to digital currency asset, providing market insight and cryptocurrency asset management-related services. The company was founded in 2013 and is based in Stamford, Connecticut.