Crypto exchange BlockFi secures $250M credit from FTX amid bear market

Cointelegraph

Published Jun 21, 2022 09:08AM ET

Updated Jun 21, 2022 11:40AM ET

BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.

BlockFi has signed a term sheet with FTX crypto exchange to secure a $250 million revolving credit facility. A revolving credit facility is a type of credit that enables you to withdraw money, use it to fund your business, repay it and then withdraw it again when you need it.

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