FTX App (Blockfolio)

What is Blockfolio by FTX?

Blockfolio was a mobile cryptocurrency tracking app that enabled users to monitor thousands of digital assets across numerous exchanges and wallets, streamlining the process of managing crypto holdings. Launched as a standalone product, Blockfolio gained significant traction among crypto enthusiasts for its ease of use and comprehensive tracking capabilities.

Does Blockfolio still exist?

The fate of Blockfolio took a dramatic turn on November 11, 2022, when FTX (formerly Blockfolio) filed for Chapter 11 bankruptcy in the United States. This marked a significant downfall for the platform, as the once-prominent app and exchange faced a crisis. Amid this turmoil, Sam Bankman-Fried, the CEO of FTX, stepped down, signaling the end of an era for both FTX and the Blockfolio brand

Is Blockfolio the same as FTX?

Not exactly the same. In 2020, Blockfolio was acquired by the cryptocurrency exchange FTX for $150 million. After the acquisition, FTX rebranded Blockfolio to FTX, aligning the app's identity more closely with the exchange. While the core functionality of tracking and managing cryptocurrency portfolios remained, the app’s branding and integration with FTX’s trading features became more pronounced.

Can I still access Blockfolio for Portfolio Tracking?

Yes, for users affected by the discontinuation of Blockfolio/FTX, Cryptoworth offers a comprehensive platform to manage and track cryptocurrency portfolios. Designed to streamline digital asset management, Cryptoworth provides features that cater to both individual investors and businesses.

Key Features of Cryptoworth:

• Portfolio Tracking: Connect multiple wallets and exchanges to monitor your digital assets in real-time. Cryptoworth supports over 1,000 data connections, including 190+ blockchain networks, ensuring comprehensive coverage of your holdings.
• Automated Accounting Calculations: Simplify your accounting processes with automated cost basis calculations, including methods like FIFO, LIFO, and Weighted Average Cost. This ensures accurate financial reporting and tax compliance.
• Comprehensive Reporting: Generate detailed financial reports, including unrealized gains and losses, to gain insights into your portfolio's performance. Cryptoworth's reporting tools help in making informed investment decisions.
• Integration with Accounting Systems: Seamlessly integrate with popular accounting software like QuickBooks, allowing for efficient synchronization of your crypto transactions with your general ledger.

Getting Started with Cryptoworth:

1. Sign Up: Create an account on Cryptoworth's platform.
2. Connect Your Wallets and Exchanges: Utilize Cryptoworth's extensive integration library to link your existing wallets and exchange accounts.
3. Import Your Data: Automatically import your transaction history for accurate tracking and reporting.
4. Run Calculations: Use Cryptoworth's tools to perform accounting calculations and generate reports as needed.

By transitioning to Cryptoworth, former Blockfolio users can continue to effectively manage and track their cryptocurrency portfolios, ensuring accurate accounting and compliance with financial regulations.