Back to blog
Featured
Introducing BlockFi Prime: The Next-Generation Prime Services Platform for Institutional Clients
Published, 10 June, 2021
Share article
We’re thrilled to announce an exciting new product for our institutional clients: BlockFi Prime, an integrated trading platform for digital assets. BlockFi Prime adds greater transparency, a full suite of capabilities, and improved ease-of-use for all institutional trading needs.
BlockFi Prime is the newest addition to our comprehensive Prime Services offering, an integrated platform where institutional investors can easily access, trade, and borrow digital assets. Our bundled solution provides investors with the financing and trading tools they need to meet their investment objectives and gain both physical or synthetic exposure to cryptocurrency markets.
Financial institutions already know that BlockFi is one of the best places to get customizable lending and OTC trading services for cryptocurrencies, stablecoins, and US dollars, powered by our retail cryptocurrency balance, one of the largest and fastest-growing digital asset pools on the planet.
Now, with the introduction of BlockFi Prime, hedge funds, market makers, family offices, and a variety of other institutional investors will receive 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,” said 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 tool.”
So what’s unique about BlockFi Prime? For one, it provides a portal into your institutional account, increasing visibility by displaying all the transactions you’ve made, open loans, margin balances, term sheets, and margin call percentages. Trades made on BlockFi Prime are automated and don’t have to go through a trading desk, making the process quicker and more efficient than ever before. Plus, you can benefit from:
- Real-time streaming quotes
- Trade up to your settlement limit via a 24-hour settlement cycle
- View your trade and loan history with access to downloadable term sheets and outstanding balances
- Easy-to-use trading UI, which features a built-in exchange calculator
- Flexible pricing model that allows an organization to select features that best fit its needs, including TWAPs and spot
- Integrated API that lets you fold all these capabilities into your own system for high-frequency trades or programmatic traders
In addition to these existing features, we are developing enhancements to the tool that include margin trading, derivatives, and automated margin lending, which will be rolled out in the coming months.
You can still access 24/7 voice or chat support with our trading team around the world, or use Telegram, Symphony, Slack, and Bloomberg to connect with us any time.
If you’re ready to take your financial institution’s crypto trading to the next level, contact institutions@blockfi.com today.
Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's nationality, residence or otherwise.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Learn more at BlockFi.com.
BlockFi Lending LLC NMLS ID#1737520 | BlockFi Trading LLC NMLS ID#1873137
Last updated on June 24th, 2021
Institutional
Share article
As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.