{"id":165928,"date":"2024-05-10T13:11:22","date_gmt":"2024-05-10T13:11:22","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165928"},"modified":"2024-05-10T13:13:56","modified_gmt":"2024-05-10T13:13:56","slug":"blockfis-closure-nears-partners-with-coinbase-for-smooth-customer-withdrawals","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/blockfis-closure-nears-partners-with-coinbase-for-smooth-customer-withdrawals\/","title":{"rendered":"BlockFi’s Closure Nears: Partners with Coinbase for Smooth Customer Withdrawals"},"content":{"rendered":"
TL;DR<\/p>\n
BlockFi<\/strong>, a lending<\/strong> <\/a>and financial services platform in the crypto industry, has made key decisions for its liquidation and restructuring process.<\/strong> After declaring bankruptcy in November 2022 following FTX’s collapse, BlockFi has announced the closure of its web platform and a strategic partnership with Coinbase.<\/strong><\/p>\n The collaboration with Coinbase<\/a><\/strong> represents a significant change for the lending company, as the platform was in the process of liquidating and returning assets to its customers. The partnership with the exchange will allow BlockFi’s customers to access and withdraw their funds more efficiently.<\/strong> Deadline dates have been indicated; those who have not withdrawn their digital assets by April 28, 2024, and have not completed identity verification by May 10, 2024, will have their assets available on Coinbase.<\/strong><\/p>\n BlockFi is pleased to announce Coinbase as our distribution partner to ensure continuity of crypto withdrawals available to our eligible BlockFi Interest Account (BIA), Retail Loan, and Private clients.<\/p>\n — BlockFi (@BlockFi) May 9, 2024<\/a><\/p><\/blockquote>\n\n