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BlockFi Retail Account Balance Increased Fivefold in Past Year, CEO Says

Zac Prince said the average balance of a retail client has climbed from $10,000 to $50,000 in the last year.

작성자 Jamie Crawley
업데이트됨 2021년 9월 14일 오후 1:10 게시됨 2021년 6월 11일 오후 1:09 AI 번역
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The average balance held in an account on crypto lender BlockFi's platform rose five-fold in the past year, CEO Zac Prince said in an interview with Bloomberg.

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  • The average balance of a retail client jumped from $10,000 to $50,000 in the period, Prince said in the interview Thursday.
  • "Part of that is from folks getting comfortable with our products and depositing more funds, but a lot of it is from the performance of the assets," he said, responding to a question about crypto's volatility.
  • Prince welcomed the possibility of more robust regulation of the crypto industry: "Regulatory clarity enables companies like BlockFi to continue innovating, and enables consumers and investors to participate in this sector with the utmost confidence," he said.
  • BlockFi announced Thursday the launch of BlockFi Prime, a trading platform for institutional investors and high-net-worth clients.
광고

Read more: BlockFi in Discussions to Raise ‘Several Hundred Million’ in Latest Round: Report

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