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BlockFi confirms its valuation doubled in roughly 2 months

Quick Take

  • Galaxy Digital’s Q3 report pointed to a doubling in BlockFi’s evaluation, which BlockFi confirmed
  • Founder Zac Prince said he expects BlockFi’s valuation to more than double by this time next year
  • The company unveiled a trading platform that will likely further cement client relationships, but is unlikely to solve the borrower shortage in crypto
Crypto lender BlockFi has doubled its valuation in approximately two months, the firm’s founder Zac Prince confirmed to The Block. Amidst the roll-out of a trading platform and after the close of an $18.3 million funding round, the lender is growing 1-2% daily across its key performance indicators, including user acquisition rates and balances on […]

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