Crypto lending startup BlockFi announces support for cash purchase of crypto assets

According to Finance Magnates, after closing a new round of funding, crypto lending startup BlockFi today announced its support for cash purchases on its platform. BlockFi now allows users to purchase crypto assets via bank wire transfers and can earn up to 8.6% annual revenue based on the number of stablecoin deposits in their account. This new feature is provided in collaboration with crypto-friendly bank Silvergate Bank.