Crypto Lending Startup BlockFi Partners With Crypto Index Provider CF Benchmarks To Provide Independent Pricing
CF Benchmarks provides cryptocurrency pricing indices for Bitcoin, Ether, Ripple-XRP, Bitcoin Cash and Litecoin through robust methodologies that ensure integrity. Its indices power a wide range of financial products, including derivative contracts, investment funds and structured products. The firm administers and calculates the CME CF Cryptocurrency Pricing Products and the CF Cryptocurrency Index Family.
BlockFi is a New York-based non-bank lender that offers USD loans to cryptocurrency owners. The firm services clients in over 100 countries, and in all 50 US states. Its offerings include crypto-based interest accounts providing up to an 8.6% annual percentage yield on bitcoin, Ether and stablecoins; crypto-backed loans which allow investors to access liquidity up to 50% of an asset’s value in USD; and zero-fee trading.
The partnership will enable CF Benchmarks to provide independent pricing and valuation of BlockFi’s crypto deposits and loan collateral for its full product suite. CF Benchmarks indexes will also empower BlockFi clients to refine asset allocation, improve risk management and measure investment performance. BlockFi said that these processes are vital for investors to realize the full value of their crypto holdings, and