Journey of BlockFi Over the Years<\/span><\/h2>\nBlockFi was set up around 5 years ago<\/strong> for the provision of crypto-based loans<\/strong>. Ever since then, BlockFi has managed to expand<\/strong> considerably. It offers services of investing, borrowing, earning, and paying<\/strong>. All of this supports around 650,000 clients<\/strong> from around the globe efficiently. On the other hand, the organization also managed to introduce its institutional business<\/strong> that mainly focuses on the provision of financing, trade executions, and private client services<\/strong> to a considerable number of renowned institutions around the globe.<\/span><\/p>\nOver the years, BlockFi has commented that its biggest strength<\/strong> has always been the people that work for the firm. The firm mentions how it only had a mere 150 employees<\/strong> by the end of 2020<\/strong>. Later, things took a turn after the boom of the crypto market, and the workforce of the organization reached a total of 850<\/strong>.<\/span><\/p>\nHowever, the macroeconomic conditions<\/strong> started to deteriorate. BlockFi was always keen on maximizing its profit opportunities<\/strong>, but considering the setbacks<\/strong>, it seemed impossible considering the dire situation<\/strong>. Taking important steps to ensure profitability<\/strong> was inevitable. <\/span><\/p>\nTherefore, cutting their workforce down by 20%<\/strong> was also among the difficult steps taken by the organization. Even with the remaining 600+ employees<\/strong>, BlockFi hopes to offer its clients the same high-level, uninterrupted services<\/strong>. The organization puts faith<\/strong> in its skilled employees.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The world economy has been affected considerably over the course of the last couple of years. Since the coronavirus pandemic, the global economic structure saw a massive degradation. Around this time, things have actually taken a drastic turn for investors and businesses. As a result of deteriorating macroeconomic conditions, many organizations have taken the tough … <\/p>\n
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