Cryptocurrency lending startup BlockFi has launched a crypto deposit account that provides compound interest.
“It helps crypto investors grow their wealth with one of the most powerful tools in finance – compound interest,” Brad Michelson, director of marketing at BlockFi told CoinDesk. Account holdings are custodied at the Gemini Trust Company, co-founded by Cameron and Tyler Winklevoss, according to the announcement. Gemini Trust isby the New York Department of Financial Services and also offers insurance coverage for the digital assets it holds in custody.
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