What is driving institutions to invest in crypto? BlockFi's David Olsson expl...
“Out of the 80% of Top 50 hedge funds in the world we’ve spoken to, they all are embarking on some sort of crypto journey,” says Olsson. In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi's proprietary platform....
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He says that institutional players look for certain volume and market cap levels when considering altcoins. Could institutional investors begin expanding into altcoin purchases? Blockfi’s vice-president for Europe and Asia, David Olsson, mentioned liquidity as a component of consideration.Some digital assets on the market, including newer ones, may see high volumes at times. “The question is, how long can that be sustained,” Olsson explained during a CfC Moritz conference segment on Wednesday, adding:“Chainlink (LINK) is one that has held up decent volume over time, but a lot of them tend....
The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA accounts. Blockfi Now Has Problems With Regulators From 5 States The New York City-based cryptocurrency finance company Blockfi was founded in 2017 by co-founders Zac Prince and Lori Marquez. The firm is a cryptocurrency lending firm that offers....
Recently launched BCAM will provide an institutional-grade custody and settlement platform for digital assets. Blockchain.com, a cryptocurrency exchange and financial services firm, has named Standard Custody & Trust Company as the custodian for Blockchain.com and Altis Partner's new institutional platform, Blockchain.com Asset Management (BCAM).On April 6, Blockchain.com introduced a suite of institutional investment solutions that combine the crypto trading infrastructure, research and security software services of Blockchain.com in partnership with investment management firm Altis....
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.”
Blockfi Obtains $250 Million Revolving Credit Line From FTX After Crypto Lending Firms Struggle With 2022’s Market Volatility
It’s been a rough year for crypto lenders due to digital assets losing significant value over the last few months. One lender, Celsius, has been accused of....
Bankrupt crypto lender BlockFi has moved to recover several assets in a bid to settle its customers as part of its ongoing bankruptcy proceedings. And the company is standing firm that its customers should take priority over fellow bankrupt company FTX. BlockFi Responds To FTX’s Claims In a filing dated August 21, BlockFi objected to […]