common-close-0
BYDFi
Trade wherever you are!

Are blockfi withdrawals affected by the recent ftx collapse?

avatarFurqan ChohdaryDec 24, 2021 · 3 years ago3 answers

How does the recent collapse of FTX affect the withdrawal process on BlockFi?

Are blockfi withdrawals affected by the recent ftx collapse?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    As of now, the recent collapse of FTX does not have any direct impact on the withdrawal process on BlockFi. BlockFi operates independently from FTX and has its own systems in place to handle withdrawals. However, it's always a good practice to stay updated with the latest news and announcements from both platforms to ensure you have the most accurate information regarding any potential changes or disruptions in the future.
  • avatarDec 24, 2021 · 3 years ago
    No, the recent FTX collapse does not affect the withdrawal process on BlockFi. BlockFi is a separate entity and its operations are not directly tied to FTX. Therefore, users can continue to withdraw their funds from BlockFi without any issues. However, it's important to monitor the situation closely and follow any updates from both platforms to stay informed about any changes that may occur in the future.
  • avatarDec 24, 2021 · 3 years ago
    While BlockFi and FTX are both prominent players in the cryptocurrency industry, they operate independently. Therefore, the recent collapse of FTX does not directly impact the withdrawal process on BlockFi. BlockFi users can still withdraw their funds as usual. However, it's advisable to keep an eye on any developments and announcements from both platforms to stay informed about any potential changes or disruptions that may arise in the future. Please note that this answer is provided from a third-party perspective and does not represent the official stance of BYDFi.