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and international users and will offer crypto, fiat, and stocks in some jurisdictions. Since we’ve always tried to be the most user-friendly companion app for the crypto industry, bringing dead-simple, zero-fee trading into the app was a natural next step for Blockfolio.”įTX CEO, Sam Bankman-Fried, posted a few answers to provide an early FAQ for the new platform. “There is a wave of new users coming into the crypto space who need simple, easy tools to help them navigate what can be a daunting industry. Speaking to The Block, head of product at Blockfolio, Jonathan Chu, said The new trading platform will put Blockfolio in direct competition with the likes of Robinhood and possibly even Coinbase, which still has some of the highest fees in the industry. The move comes a day after popular millennial trading platform, Robinhood, halted trading for a certain stock that has gone viral recently. Blockfolio JanuMore Crypto Trading Options The new product launch comes five months after the crypto derivatives exchange FTX acquired the firm for $150 Million. It is also launching with zero fees which will be a bonus in times of high transaction prices for Ethereum based tokens. The app has a reported user base of around 6 million so it has a good head start over rivals. Crypto asset tracking application Blockfolio is venturing into trading with the launch of a new app with the additional perks of no fees.īlockfolio has long been a favorite for crypto traders as it provides a handy place to track their assets, trades, and profits (or losses) over time.