This is the first time Anchorage has extended ETH-backed loans through a traditional, FDIC-insured bank.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
The funding round, led by Framework Ventures and Polychain Capital, will help to further develop and launch asset pools.
Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.
The growth in crypto lending platforms is giving birth to a new type of valuation metric: interest rates.
China-based RenrenBit has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019.
BlockFi, the cryptocurrency lending service, is expanding into trading with an unusual, zero-fee model.
Crypto exchange Binance is now offering users up to 15% in annualized interest for lending their crypto assets such as BNB and USDT.
Investors such as Bixin Capital, FBG Capital and Dong Zhao’s DGroup have been lending tens of millions of dollars in crypto since the fall.
Just weeks after launching the product, BlockFi has cut the interest rate paid to large customers on its crypto deposit account.
Crypto-lending firm BlockFi raised $52.5 million in a fundraising round led by Mike Novogratz's Galaxy Digital.