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BlockFi Adds HBAR To Its List of Products You Can Trade and Earn Interest On

Published By
Elaine Song
June 14, 2022

We’re excited to announce that HBAR, the native utility token of the Hedera network, has been listed on BlockFi - a leading crypto lending platform.

BlockFi offers institutional-quality benefits to its users, with backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures. 

This listing will enable international BlockFi users to:

  • Buy, sell, trade, and earn interest at a rate of 12% per annum on the HBAR utility token. There is no lock-up period required. 
  • Users will also be able to buy, sell, and trade their HBAR - though not yet withdraw it. 
  • We expect BlockFi’s institutional products to become available to HBAR in the near future.

BlockFi’s vision is to bridge the world of traditional finance and blockchain technology to bring financial empowerment to clients on a global scale. This is a vision that The HBAR Foundation is also wholly committed to with Hedera.  

The addition of HBAR to BlockFi's platform is a testament to its growing reputation as the leading institutional-grade public DLT. 

We greatly look forward to continuing to expand the Hedera ecosystem, with this marking the next step in increasing accessibility to the HBAR utility token.

Earlier this year we also announced liquid staking with Stader Labs and HashPack Wallet.