TechFlow news — According to an official announcement, cryptocurrency lending platform BlockFi has partnered with Coinbase. Coinbase will serve as a distribution partner for BlockFi, enabling eligible BlockFi Interest Accounts (BIA), retail loan, and private clients to continue withdrawing their crypto assets. For customers who fail to withdraw their digital assets from the BlockFi platform within the specified timeframe, these assets will remain available for withdrawal via Coinbase accounts. If a customer does not have an approved account with Coinbase, their entitled digital assets may be liquidated into cash.
In addition, the BlockFi web platform will shut down in May 2024, with the exact date yet to be determined. BlockFi advises customers to download their transaction history, tax forms, and other important data prior to the shutdown date.
