How Blockfolio Disappeared and the Best 2025 Alternatives

How Blockfolio Set the Gold Standard for Tracking Crypto

They launched in 2014 and subsequently became one of the first and most popular mobile apps for tracking cryptocurrency portfolios.

Users could monitor their crypto holdings across various cryptocurrency exchanges and wallets on a single dashboard. The dashboard provided users with real-time data, signal features, market data, and profit/loss analysis.

This functionality and accessibility saw the platform amass well over 6 million users at its peak.

Why FTX Bought Blockfolio — and Shut Down the Tracker

FTX, under the leadership of CEO Sam Bankman-Fried, paid $150 million to acquire the portfolio tracking platform in 2020. Blockfolio integrated into the exchange’s ecosystem and rebranded as the FTX mobile app.

Bankman-Fried was also the co-founder of trading firm Alameda Research. When doubts were raised over the research firm’s balance sheets on 2 November 2022, it caused a ripple effect in the crypto industry.

Alameda’s largest assets were billions of dollars of FTT, FTX’s native token. When crypto-experts and large holders of FTT began selling the token, its market value rapidly declined.

On 6 November, $5 billion was withdrawn from the platform. To stem the tide of massive withdrawals and address the ensuing liquidity crisis, the exchange immediately halted all non-fiat customer withdrawals. A couple of days later, the Binance crypto exchange leadership signed a non-binding letter of intent to buy FTX but withdrew from the deal after concluding their “corporate due diligence” a day later.

On 11 November 2022, FTX filed for Chapter 11 bankruptcy.

The functional end of the former Blockfolio application, which had been rebranded as the FTX exchange app, occurred days earlier when the exchange halted customer withdrawals.

The need to monitor crypto portfolios is arguably more important now than it ever was. We found the perfect feature-rich alternative that former users can switch to.

Why users trust CoinStats to manage their crypto

CoinStats connects with more than 300 exchanges and wallets through APIs, giving users access to detailed analytics such as profit and loss data, asset allocation breakdowns, and individual asset performance.

A crypto-aggregated newsfeed and real-time alerts keep users informed about market trends. Integrated tax tools provided by the platform help users generate crypto tax reports when needed.

The platform offers both free and paid versions. Upgrading to the paid version unlocks advanced analytics, higher limits for connected portfolios and wallets, expanded transaction tracking, priority support, and 0% swapping fees.

KYC verification isn’t required, as the system primarily connects via read-only API keys from exchanges or public wallet addresses.

Is CoinStats the Perfect 2025 Blockfolio Alternative?

Blockfolio offered a simple way to track all your crypto assets. However, its eventual integration into the FTX ecosystem meant its stability was exposed to the risks of a third-party exchange. This ultimately led to its demise.

The CoinStats model focuses on maintaining an independent platform dedicated solely to tracking portfolios, separate from any single exchange. The platform is committed to being a standalone data aggregator, securing user API connections with read-only permissions, and prioritizing platform neutrality. Check out the platform for yourself to see if its dedication to independence will work for you.