Clients of BlockFi, a cryptocurrency lending company, will now be able to start earning interest on any amount of Bitcoin (BTC), Ether (ETH), and Gemini Dollar (GUSD).
No minimum deposit to earn interestOn Sept. 13, the New York-based cryptocurrency lending company, BlockFi, announced that, starting today, its BlockFi Interest Account (BIA) clients will not be required to meet a minimum deposit amount in order for them to earn interest on their Bitcoin, Ether, or GUSD balances.
Zac Prince, founder and CEO at BlockFi stated that he is excited to see the growth in platform activity from crypto investors leveraging their wealth management products, while the BlockFi team added that the decision to waive the minimum deposit will make its BIA available to a wider crypto audience.