As the crypto market contagion spreads, FTX loans out hundreds of millions to two of the largest yield-generating shops in the space. What does this mean for BlockFi and Voyager?
Once upon a time, I was an employee at BlockFi. I think if they push their credit card really hard during the next couple of years, they might be fine. Compared to Coinbase or other large "exchanges," BlockFi doesn't stand a chance right now, because "trading" on BlockFi is not worth the fees. Who else has a bitcoin rewards credit card from a relatively reliable U.S. company though?
Once upon a time, I was an employee at BlockFi. I think if they push their credit card really hard during the next couple of years, they might be fine. Compared to Coinbase or other large "exchanges," BlockFi doesn't stand a chance right now, because "trading" on BlockFi is not worth the fees. Who else has a bitcoin rewards credit card from a relatively reliable U.S. company though?
Great analysis