The crypto lending platform BlockFi is offering interest payments to all investors who deposit Chainlink (LINK). At the moment, BlockFi is offering interest in Bitcoin, Ethereum and stablecoins. The CEO and founder Zac Prince said that $35 million worth of interest payments had been distributed to investors only in February.
BlockFi extends its service to Chainlink
BlockFi revealed on Twitter the service is being extended to Chainlink.
— BlockFi (@BlockFi) March 1, 2021
BlockFi was founded back in 2017, and it expanded its services in more ways since the beginning of 2021. In January, the lending platform revealed the launch of an OTC trading desk for institutional and ultra-high-net-worth clients.
According to the reports coming from the online publication the Daily Hodl, the desk will support large-cap cryptos like Bitcoin, Ethereum and Litecoin. The services will include spot trading, credit capabilities and margin trading products.
Back in February, the company launched the BlockFi Bitcoin Trust. According to Prince, the new trust is aiming to boost institutional investments in crypto.
“Given the level of institutional activity in recent months and demand for new, professional-grade investment vehicles, the timing of BlockFi Bitcoin Trust is ideal. As we work to broaden the availability of this vehicle to retail brokerages, we expect this product will facilitate greater investments in digital assets — at the core of BlockFi’s mission in bridging crypto with traditional finance.”
LINK in the news
The past month, we were revealing that Chainlink (LINK) had a great year-to-date return of more than 130 percent, after recently increasing in value to a new record-high of $27.
In spite of the fact that the major gains took place within a short period, LINK is prone to increase even more.