We are excited to announce the launch of our Over-The-Counter (“OTC”) trading desk for institutional and ultra-high net worth (“UHNW”) clients across the globe.
Dedicated traders on BlockFi’s OTC desk will be located in the U.S. and Asia, providing global, 24/7 support to clients active in digital asset markets. With the rollout of comprehensive OTC capabilities, BlockFi will act as an execution partner, offering spot trading, credit capabilities and a margin trading product. The desk will support large-cap cryptocurrencies such as bitcoin, ether, litecoin, as well as other coins based on demand and availability on BlockFi’s platform.
BlockFi is a leader in the provision of credit to institutional clients and is listed as a liquidity provider on the CME Bitcoin Futures platform. Adding this third pillar of spot cryptocurrency trading strengthens BlockFi’s position as the preferred destination for institutional investors in cryptocurrencies.
“Existing institutional clients are already using many of these BlockFi services independently, and have noted the benefits of having a one-stop destination for their digital asset trading and financing needs,” said Zac Prince, Co-Founder and CEO of BlockFi. “With institutional interest in digital assets growing rapidly, we’re proud to offer a specialized product to meet their needs and help them participate in an exciting and growing asset class.”
“Sophisticated investors are accustomed to full-service OTC capabilities and responsiveness, which are critical to success in a global, round-the-clock market such as digital assets,” added David Olsson, Head of Institutional Distribution at BlockFi. “Our OTC team, composed of veteran trading and execution professionals, coupled with BlockFi’s ability to offer credit and execution bundled together, creates a very compelling product for institutional investors.”
BlockFi’s Global Digital Markets team has deep experience in investment banking, sales, trading and global capital markets. With experience at top-tier institutions, combining financial innovation with regulatory and compliance best practices, the team is well-positioned to serve customized solutions to a variety of institutional investors.
Media Contact for BlockFi:
Ryan Dicovitsky/Jon Marino
Dukas Linden Public Relations
Founded in 2017 by Zac Prince and Flori Marquez, BlockFi was created with the goal of providing credit services to markets with limited access to financial products. Bridging the gap between the worlds of traditional finance and blockchain technology, BlockFi Institutional Services provides lending and borrowing of cryptocurrencies, stablecoins, and U.S. dollars, powered by our retail cryptocurrency balances. We can customize our lending products for each client’s specific business strategy, and are constantly evolving our services to address any future needs that might arise. BlockFi is backed by leading institutional investors and operates with a focus on compliance with the laws and regulations in the jurisdictions in which we provide services.
Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. This press release is not a commitment to make a loan and loans may be subject to credit approval. Loan products and services are subject to change. Learn more at BlockFi.com. BlockFi Lending LLC NMLS ID#1737520 | BlockFi Trading LLC NMLS ID#1873137.