Name: BlockFi Receives $250M Credit Facility From FTX
Uploaded: 2022-06-21T17:12:10.000Z
Duration: 7 min 46 s
Description: Crypto lending platform BlockFi secured a $250 million revolving credit facility from FTX. BlockFi CEO Zac Prince notes the move “bolsters our balance sheet and platform strength," and added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."

CD20$1,991.290.82%BTC$73,584.051.04%ETH$2,016.960.057%XRP$1.320.49%SOL$82.480.17%

BlockFi Receives $250M Credit Facility From FTX | CoinDesk Videos

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CD20$1,991.290.82%BTC$73,584.051.04%ETH$2,016.960.057%XRP$1.320.49%SOL$82.480.17%

BlockFi Receives $250M Credit Facility From FTX | CoinDesk Videos