CoinDesk published this video item, entitled “BlockFi Receives $250M Credit Facility From FTX” – below is their description.
Crypto lending platform BlockFi secured a $250 million revolving credit facility from FTX. BlockFi CEO Zac Prince notes the move “bolsters our balance sheet and platform strength,” and added that “the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed.”
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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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