Crypto CFDs require no physical settlement and will still allow clients to enjoy 24/7 liquidity and positions marked-to-market daily, with prices streamed in numerous fiat base currencies including USD, EUR, GBP, JPY, and more.
BlockFills has integrated crypto CFD products into its front-end trading platform, Phoenix.
Cash-settled CFDs, also known as perpetual futures, are powered by BlockFills’ market connectivity solutions and marks a significant move by the digital asset platform, which previously only supported spot crypto assets.
Basis Capital Markets, BlockFills’ London-based and FCA-regulated institutional-focused entity will distribute its technology and liquidity solutions for CFDs to non-US institutions across the globe.
Crypto CFDs for 24/7 liquidity without physical settlement
Nick Hammer, Co-founder and CEO of BlockFills, said: “The institutional trading community has long been seeking a trading solution that combines deep liquidity in cash-settled crypto derivatives with a superior front end. The appeal of trading in volatile markets without the complexity of physical settlement has already generated large amounts of interest in our offering. We expect that trend to continue.”
BlockFills is targeting its crypto CFD solution to qualified clients that will now be able to access deep crypto CFD liquidity through the front-end platform Phoenix as well as via FIX APIs and numerous technology hubs.
Crypto CFDs require no physical settlement and will still allow clients to enjoy 24/7 liquidity and positions marked-to-market daily, with prices streamed in numerous fiat base currencies including USD, EUR, GBP, JPY, and more.
Phoenix platform also comes as a white label solution
BlockFills’ Phoenix can be utilized by institutions that trade for their own principal risk but can also be white-labeled by a brokerage, bank, proprietary trading firm, or exchange looking to deliver a superior trading experience to clients. The ecosystem features competitive funding costs and industry-leading execution rates.
The Phoenix software itself is a feature-rich, lightweight platform that is ideal for active traders because it offers countless indicators, advanced order entry, chart-based trading, and more.
Based out of Chicago and founded in 2018, BlockFills is one of the fastest-growing crypto liquidity and technology providers globally. Their digital asset technology is already serving over 800 institutional clients across 50 countries.
BlockFills works to solve major liquidity fragmentation problems in the marketplace and has built a platform that provides price discovery, price aggregation, electronic order matching, smart order routing, and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets.
