Crypto Short News

BlockFi Announced its Own Cryptocurrency Exchange After a Survey

BlockFi, the crypto lending service has entered the crypto market with the new exchange. The exchange boasts of trading with an unusual, zero-fee model. The team has received a recent $18.4 million in funding for further growth. Earlier BlockFi only accepted crypto deposits and allowed to take out equivalent US Dollars against these cryptos as loans. From now on, users can buy/sell cryptos on the exchange. The BlockFi exchange is a result of a survey that showed users tend to buy cryptos. The firm boasts that the profit model will be different. However, it is yet to see how the liquidity of the exchange will be handled in the future.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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