🚀 BlockFi announces new crypto interest account with 6.2 percent yield

Crypto lending platform BlockFi has announced two new savings products, one for Bitcoin ($BTC) and the other for Ethereum($ETH) that offer a 6.2 percent rate of interest. Similar to high yield savings accounts the products will offer compound interest with no lock-up periods on the funds. Interest is paid in the currency that is deposited and funds will be custodied at Gemini. BlockFi has been running the product as a private beta that attracted $10 million from retail, corporate, and institutional crypto investors.