Next-generation, integrated trading platform for digital assets meets unique needs of institutional and other sophisticated investors
BlockFi, a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced the launch of BlockFi Prime, an integrated trading platform for digital assets. The offering provides greater transparency, a full suite of trading capabilities and an improved user experience for institutional and other sophisticated investors such as asset managers, family offices, high-net worth individuals, hedge funds, private equity firms and corporate entities.
BlockFi Prime is the latest addition to a host of Prime Services offered to BlockFi’s institutional clients, which also includes digital asset borrowing and 24/7 client service via its OTC trading capabilities. The tool combines BlockFi’s tech capabilities with a trade flow across settlement, reporting and allocations that traditional fund managers are accustomed to. BlockFi Prime’s features include:
- Real-time streaming quotes
- The ability to trade up to a settlement limit via a 24-hour settlement cycle
- Availability of trade and loan history with access to downloadable term sheets and outstanding balances
- Easy-to-use trading user interface, which features a built-in exchange calculator
- Flexible API that lets users fold BlockFi Prime capabilities into their own system for high-frequency or programmatic trades
- A flexible pricing model that allows an organization to select features which best fit its organization’s needs, including TWAPs and spot
In addition, BlockFi expects in the coming months to add tools to BlockFi Prime focused on margin trading, derivatives and automated margin lending.
“As cryptocurrency investment and adoption becomes even more a part of mainstream financial markets, institutional investors have demanded tools that enable them to pursue traditional investing strategies while navigating trading nuances specific to digital assets,” noted Zac Prince, CEO and co-founder of BlockFi. “BlockFi Prime is an exciting new tool that provides investors an unparalleled degree of control, insight, and convenience in managing their organization’s crypto assets.”
“Developing and launching BlockFi Prime is a natural next step for us as we continue to respond to the evolution of digital assets and institutional investors adjust their trading strategies,” added David Olsson, Vice President and Global Head of Institutional Distribution at BlockFi. “Just in the last year, we have added lending, trade execution, private client services and new products in order to help our clients meet their investment goals, and BlockFi Prime gathers all of those resources in one easy-to-use tool.”