#CryptoCurrency / BlockFi raises $50 million to take crypto mainstream

BLockFi… offers a suite of financial products, including crypto-based interest accounts providing a high annual percentage yield on bitcoin, ether, and stablecoins; crypto-backed loans… and zero-fee trading.

BlockFi has raised $50 million in a Series C funding round led by Morgan Creek Digital as it bids to bring cryptocurrency finance to the mainstream investor.

The New Jersey-based company says it will use the newly secured funds to grow the team and further expand its business lines, including the upcoming release of a bitcoin rewards-based credit card and support for additional assets and currencies.