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Cryptocurrency News

Crypto exchange BlockFi secures $250M credit from FTX amid bear market

06/21/2022

Less than a minute

2022.06.21 18:41

BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.

BlockFi has signed a term sheet with FTX crypto exchange to secure a $250 million revolving credit facility. A revolving credit facility is a type of credit that enables you to withdraw money, use it to fund your business, repay it and then withdraw it again when you need it.

Source

06/21/2022

Less than a minute