Mainly, the idea is to grow your cryptocurrency portfolio without constantly purchasing new assets. Their savings platform aims to help users accumulate wealth through a steady APY. While attractive APYs can be found on their site, it's worth noting that this has become a common feature among many platforms today. Initially, Finblox allowed fee-free withdrawals, but they have recently implemented withdrawal fees.
Supported by renowned investment firms like Sequoia, Dragonfly Capital, CoinFund, Saison Capital, and more, Finblox has established itself as a trusted platform. However, it's important to be aware that one of their investors, Three Arrows Capital (3AC), recently filed for bankruptcy after defaulting on significant debts owed to multiple parties. Consequently, this has led to the suspension of withdrawals and bankruptcies for other platforms in the industry.
When comparing APYs, it is advisable to conduct your own research (DYOR). They occasionally offer special promotions that users can benefit from, such as the October Boost they had last year. Show Less
