BlockFi reduces interest offer for large accounts, reiterates product is retail focused

New York crypto lending firm BlockFi has announced a reduction of its initial interest account offer for accounts with more than 25 BTC or 500 ETH (equivalent to $100,000 and $70,000, respectively) according to a blog post published this week.

The lender made headlines earlier this month for offering up to 6.2% on both bitcoin and ether deposits, but will now pay large accounts 2% on deposits that exceed the limits. BlockFi will honor the 6.2% for large accounts on their full deposit through March.

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