Crypto exchange BlockFi secures $250M credit from FTX amid bear market By Cointelegraph
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Crypto exchange BlockFi secures $250M credit from FTX amid bear marketBlockFi, 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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Crypto exchange BlockFi secures $250M credit from FTX amid bear marketBlockFi, 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.
Continue Reading on Coin Telegraph
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