When initiating a tax-loss harvesting transaction, you are executing a series of trades on the BlockFi platform. Prices are refreshed between trades, which will contribute to holdings being different before and after trade execution
BlockFi takes principal risk on all transactions. Unlike an exchange, BlockFi acts as principal for all transactions, meaning that we, and not another BlockFi client or other market participant, take the other side of your trade. BlockFi displays a price we are willing to buy or sell at, taking on the primary risk of price fluctuations, generally for 60 seconds.
To manage this principal risk, the prices BlockFi offers to our clients for buying and selling digital assets may vary, on average, by + / - 1% relative to an asset's spot index price. Our offered price depends on a number of factors, including but not limited to the prevailing market conditions, and is subject to change.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Learn more at BlockFi.com.