The BlockFi network platform will shut down this month, and Coinbase will support cryptocurrency withdrawals for its customers

ChainCatcher news, the bankrupt crypto lending platform BlockFi has announced that it has hired Coinbase as its distribution partner to ensure that eligible BlockFi Interest Accounts (BIA), retail loans, and private clients can continue to withdraw cryptocurrencies.

In addition, the BlockFi network platform will close in May 2024. Given the ongoing work and initial distribution, the specific date is still under consideration, but after this date, customers will no longer have access to the BlockFi platform. The specific date will be announced in the coming weeks. All customers are advised to download their transaction history, tax forms, and any other important data from the platform before the closure date.