How did BlockFi receive a million from FTX?

3 answers

• Dec 27, 2021 · 3 years ago
  BlockFi received a million dollars from FTX through a strategic partnership between the two companies. This partnership allowed BlockFi to access FTX's liquidity and trading services, while FTX benefited from BlockFi's lending and borrowing platform. The transaction was likely facilitated through the transfer of digital assets or stablecoins between the two platforms. This collaboration not only strengthened the relationship between BlockFi and FTX but also provided additional opportunities for users of both platforms to benefit from enhanced services and features.
  571286
• Dec 27, 2021 · 3 years ago
  So, here's the deal: BlockFi and FTX joined forces and made it happen. BlockFi, being a leading crypto lending platform, partnered with FTX, a major cryptocurrency exchange, to receive a cool million. This collaboration allowed BlockFi to tap into FTX's vast liquidity pool and trading capabilities, while FTX gained access to BlockFi's lending and borrowing services. The transaction was most likely executed through the transfer of digital assets or stablecoins between the two platforms. This win-win partnership opened up new avenues for users of both platforms to maximize their crypto holdings and explore new investment opportunities.
  641214
• Dec 27, 2021 · 3 years ago
  BlockFi managed to secure a million-dollar investment from FTX, a prominent cryptocurrency exchange. This investment was part of a broader strategic partnership between the two companies. As a result of this collaboration, BlockFi gained access to FTX's extensive liquidity and trading infrastructure, while FTX benefited from BlockFi's lending and borrowing platform. The transaction likely involved the transfer of digital assets or stablecoins between the two platforms. This partnership not only strengthened the position of both BlockFi and FTX in the crypto market but also provided enhanced services and opportunities for their respective user bases.
  657165