BlockFi CEO: BlockFi Retail Account Balances Have Increased 5x in the Past Year

According to Coindesk, cryptocurrency lender BlockFi CEO Zac Prince said in an interview that the average balance of retail customers on the BlockFi platform has increased fivefold in the past year, from $10,000 to $50,000. In response to a question about cryptocurrency volatility, he said, “Part of it is because people are getting more satisfied with our product and depositing more money, but a big part of it is the performance of the assets.”