Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Bo

[Tnoy30]

BlockFi says its monthly revenue has doubled as it sees a surge in new users for its crypto lending service and interest accounts.

In a company blog posted on Thursday, the crypto lender said monthly revenue had been climbing since February, when it raised $30 million in Series B funding.
The revenue increase has been driven by bitcoin's recent halving event in May, the company said, as well as the launch of a mobile app.
BlockFi saw more users join in the week of the halving than any other week in its history.
Read on: https://www.coindesk.com/crypto-lender-blockfi-monthly-revenue-up-100-bitcoin-app-news

[TomPluz]

Many DeFi platforms are now making waves as the excitement seems to be favoring them. I am sure this trend can last up to 2021 and maybe beyond depending on factors that can happen in the marketplace. Expect more competition within this niche, though.