BlockFi, a centralized lender, has announced the closure of its web platform and that its customers will still be able to access cryptocurrency withdrawals through Coinbase.
This partnership with Coinbase will provide continuity of services for BlockFi account-holding customers, including BlockFi interest accounts, retail loans and private customers.
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BlockFi's web-based platform will close this month. Customers who have missed the withdrawal and verification deadlines through the platform can still access their assets by creating or using an approved Coinbase account.
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However, if a customer is eligible to withdraw their funds but misses the deadline and does not have a verified Coinbase account, their assets will be converted to cash under the plan.