BlockFi is preparing to offer LINK service to its users

Significant Improvement in LINK: BlockFi Preparing to Offer LINK Service


New Jersey-based financial firm BlockFi did not remain indifferent to the calls of the Chainlink (LINK) army. BlockFi is preparing to offer LINK service to its users.

↪️LINK To Be Traded On BlockFi Platform
Cryptocurrency-based financial institution BlockFi announced that they will launch LINK, the product of the decentralized oracle project Chainlink network. According to Coinmarketcap data, LINK has a market value of over $ 12 billion. In addition, LINK surpassed Litecoin in the market capitalization rankings, ranking 8th.

Chainlink (LINK); It has written to BlockFi's list of cryptocurrencies supported by the company, including Bitcoin, Ethereum, Litecoin, PAX Gold and various stablecoins. According to the announcement made on Twitter, LINK investors will be able to access the platform, earn interest and secure their assets.

BlockFi officials announced that with social media pressure from popular cryptocurrency fans, they decided to add a LINK token. BlockFi replied "we've heard you", referring to the LINK fans on Twitter.

Founded in 2017, the financial institution BlockFi offers a service known as BlockFi Interest Account (BIA). Accordingly, users have the opportunity to earn up to 8.6% APY on crypto money assets. Funds deposited into user accounts are lent to BlockFi private and corporate clients. The company pays its users with the interest earned from these debts. With the announcement, LINK investors will be able to earn interest without worrying about managing their private keys. BlockFi may not appeal to some cryptocurrency investors due to its central structure. In addition, #BlockFi has not yet set an interest rate for #LINK deposits.

↪️LINK Price and Critical Levels
Last week, LINK was in the red zone , along with the entire cryptocurrency market . Following its decline to the $ 23.5 level, LINK recovered rapidly to the $ 29.50 level at the time of writing. We can consider LINK breaking the tough $ 30 resistance in the first place as an important step towards the record-level journey of $ 36.83.

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