BlockFi

Cryptocurrency trading and lending services

Jersey City, New Jersey, United States

Visit Website View Jobs

About BlockFi

BlockFi provides financial services that connect traditional finance with the cryptocurrency market. It offers a trading platform where users can buy and sell various cryptocurrencies like Bitcoin, Ethereum, and Litecoin, designed to be easy to use and maximize earning potential. BlockFi also provides crypto-backed loans, allowing clients to borrow against their cryptocurrency holdings without selling them, enabling access to cash while maintaining their investments. The company differentiates itself by using Gemini as a secure custodian for assets and by catering to a diverse clientele, including individual investors and institutional clients. BlockFi's goal is to help users manage and grow their crypto assets through accessible financial services.

Jersey City, New JerseyHeadquarters
2017Year Founded
$981.1MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Competitive salary because we value your experience and expertise
Unlimited vacation / sick days because everyone deserves time for R&R
Employer contribution towards health coverage (including vision & dental) because your physical health and well-being is important to us
Various fringe benefits such as 401k, Parental Leave, FSA/HSA, and Employee Assistance Programs because health coverage is more than just choosing your yearly plan
Flexible work environment because we are a geographically dispersed team and we believe in balance
Pet insurance because all of your beloved family members should have coverage too
Weekly lunch stipend because there is such a thing as a free lunch!
A close-knit team of enthusiastic, collegial and driven people to work alongside in a highly meritocratic environment because teamwork makes the dreamwork

Risks

Regulatory scrutiny following bankruptcy could lead to further operational restrictions or fines.
Substantial exposure to FTX and Alameda Research poses significant financial risk to BlockFi.
The shutdown of BlockFi's web platform may disrupt client services and lead to dissatisfaction.

Differentiation

BlockFi offers USD loans collateralized by crypto-assets, providing liquidity without asset liquidation.
The company integrates with multiple blockchains, enhancing product offerings for diverse client needs.
BlockFi's partnership with Gemini ensures secure custody of clients' cryptocurrency assets.

Upsides

Increased interest in crypto-backed loans offers BlockFi a chance to capture more market share.
The rise of stablecoins like USDC and GUSD expands BlockFi's lending and trading services.
Partnerships with exchanges like Coinbase enhance BlockFi's credibility and operational efficiency.

Funding

Total raised$981.14 M
Latest valuation$4.50 B
StageDEBT
DEBT
5/31/2022
$250
SERIES E
6/30/2021
$500
$4.50 B
SERIES D
2/28/2021
$350
$3.00 B
SERIES C
7/31/2020
$50
$250.00 M
SERIES B
1/31/2020
$30
$150.00 M
SERIES A
7/31/2019
$18
$91.50 M
CONVERTIBLE
11/30/2018
$4
EARLY VC
6/30/2018
$52
$262.50 M
SEED
5/31/2018
$2
$11.50 M