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About
BlockFi provides financial services that connect traditional finance with the cryptocurrency market. It offers a trading platform where users can buy and sell various cryptocurrencies like Bitcoin, Ethereum, and Litecoin, designed to be easy to use and maximize earning potential. BlockFi also provides crypto-backed loans, allowing clients to borrow against their cryptocurrency holdings without selling them, enabling access to cash while maintaining their investments. The company differentiates itself by using Gemini as a secure custodian for assets and by catering to a diverse clientele, including individual investors and institutional clients. BlockFi's goal is to help users manage and grow their crypto assets while providing reliable financial services.
Company Stage
Debt Financing
Employees
51-200
Industries
Fintech, Financial Services
Total Funding
$981.1M
Headquarters
Jersey City, New Jersey
Founded
2017
Simplify's Take
What believers are saying
- Increased interest in crypto-backed loans offers BlockFi a larger market share opportunity.
- Stablecoin integration could enhance BlockFi's offerings with seamless transactions and lower fees.
- Institutional investors entering crypto could boost demand for BlockFi's wealth management services.
What critics are saying
- Regulatory scrutiny may lead to operational restrictions in more states, affecting BlockFi's growth.
- Substantial exposure to FTX collapse poses financial risks and impacts obligation fulfillment.
- Partnership with Coinbase for asset distribution may affect customer trust and operational control.
What makes BlockFi unique
- BlockFi offers USD loans collateralized by crypto-assets, providing liquidity without selling assets.
- The company integrates with multiple blockchains, enhancing product offerings for diverse client needs.
- BlockFi's partnership with Gemini ensures secure custody of clients' cryptocurrency assets.
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6 month growth
↓ -57%1 year growth
↑ 0%2 year growth
↓ -57%Benefits
Competitive salary because we value your experience and expertise
Unlimited vacation / sick days because everyone deserves time for R&R
Employer contribution towards health coverage (including vision & dental) because your physical health and well-being is important to us
Various fringe benefits such as 401k, Parental Leave, FSA/HSA, and Employee Assistance Programs because health coverage is more than just choosing your yearly plan
Flexible work environment because we are a geographically dispersed team and we believe in balance
Pet insurance because all of your beloved family members should have coverage too
Weekly lunch stipend because there is such a thing as a free lunch!
A close-knit team of enthusiastic, collegial and driven people to work alongside in a highly meritocratic environment because teamwork makes the dreamwork
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