BlockFi Intends To Shutdown Web Platform In May; Partners With Coinbase Over Fund Distribution

The post BlockFi Intends To Shutdown Web Platform In May; Partners With Coinbase Over Fund Distribution appeared first on Coinpedia Fintech News

BlockFi intends to shut down its web platform in May and has partnered with Coinbase to distribute client funds. The partnership will allow eligible BlockFi Interest Accounts, Retail Loans, and Private Clients to withdraw their crypto holdings. It has also provided an opportunity for verification via the BlockFi platform for the ones who missed the withdrawal and May 10 deadline. Furthermore, clients who do not wish to have an approved Coinbase account can have their assets liquidated to cash. BlockFi has also asked its investors to remain vigilant against any scams and fraudulent activities.