BlockFi Network to Shut Down This Month, Coinbase to Support Crypto Withdrawals for Its Customers
Bankrupt cryptocurrency lending platform BlockFi has announced that it has hired Coinbase as its distribution partner to ensure that eligible BlockFi Interest Accounts (BIA), retail loans, and private clients can continue to withdraw cryptocurrency. In addition, the BlockFi network platform will be shut down in May 2024. The specific date is still under consideration due to ongoing work and initial distribution, but after this date, customers will no longer be able to access the BlockFi platform. The specific date will be notified separately in the coming weeks. It is recommended that all customers download their transaction history, tax forms, and any other important data from the platform before the closing date.
Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.
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