Finance Feeds logo

BlockFills integrates crypto CFD products into front-end trading platform Phoenix

Rick Steves

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.

Subscribe

Read this next

Retail FX

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. However, there was no official statement on the relaunch on its website, Discord channel, or social media accounts yet.

The Funded Trader is back
Executive Moves

NAGA lures former Tickmill compliance exec Loukia Matsia

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, appointed Loukia Matsia as their new Head of Compliance and Anti-Money Laundering (AML).

blockdag

Explore 2024’s Top Cryptocurrencies: BlockDAG Leads With 30,000x ROI Potential, Among Surge Predictions For Bitcoin And Ethereum

Navigating the vast ocean of cryptocurrencies might feel overwhelming for many investors, whether seasoned or newbies.

BlockDAG takes over the moon astro
Tech and Fundamental, Technical Analysis

EURUSD Technical Analysis Report 18 April, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0600 (which reversed the price earlier this month).

Digital Assets

Binance ordered to remove Changpeng Zhao to get Dubai license

Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai.

Binance CEO Changpeng Zhao
Crypto Insider

Evolution and current state of global crypto adoption

Every four years, the crypto world gets hyped for the Bitcoin halving. Past halvings, like the one of May 2020, saw a massive increase in BTC transactions, which was driven by growing adoption and community involvement.

OCTA
Digital Assets

Binance set to re-enter India with $2 million fine settlement

Binance, the world’s largest cryptocurrency exchange, is preparing to re-enter the Indian market after agreeing to pay a $2 million fine, according to a report by the Economic Times.

Chainwire

Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui

Last week in Paris, over 1,000 blockchain enthusiasts from 65 countries gathered at the inaugural Sui Basecamp during Paris Blockchain Week. This milestone event showcased major announcements and drew a global community, highlighting Sui’s impactful strides in blockchain technology.

Chainwire

Powered by Qualcomm, Aethir Unveils Game-Changing Aethir Edge Device to Unlock the Decentralized Edge Computing Future

Aethir, in collaboration with Qualcomm, unveils Aethir Edge, the pioneering authorized mining device. Integrated with a distributed cloud network, it offers advanced edge computing, decentralized access, and exclusive rewards. Dive into the decentralized future with Aethir Edge and unlock new dimensions in computing.

<
✖