Blockfolio, a U.S.-based network for mobile cryptocurrency portfolio tracking and management, announced on Wednesday it has been acquired by cryptocurrency derivatives exchange, FTX. Founded in 2014, Blockfolio claims that millions of users trust its platform to stay connected to the “pulse” of the cryptocurrency industry through market data, news, and direct updates from leaders of crypto projects. The company provides 100% free access to its services.
“Blockfolio takes a user-first approach and is committed to providing the best products to help the advancement of the decentralized movement and ecosystem. At Blockfolio, we believe that market data and information should be freely available for the benefit of the ecosystem. We are committed to always providing our services 100% free of charge to our end users.”
Speaking about the acquisition, the Blockfolio team stated that they will be launching a retail trading experience, powered by FTX. They also shared:
“For our current users wondering what this means for them, fear not. Blockfolio will continue to operate as an independent app, and nothing has changed about how seriously we take your data and privacy. In the app, you’ll still be able to import data from whichever exchanges you prefer to use.”
The team further added that the acquisition does not end Blockfolio’s story. They claim they are teaming up with one of the most dynamic companies in the crypto space because the stakes of crypto are about to get much higher, the community of crypto users is about to get much bigger, and together, the possibilities for what we can build for them are endless. They did not disclose what company they are teaming up with.