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The company said in a statement that it did so to protect clients and itself during the recent market and financial conditions. It added that clients can still trade with BlockFills for select circumstances.
“Management has been working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform,” BlockFills said in the statement.
“The firm has also been in active dialogue with our clients throughout this process, including information sessions and an opportunity to ask questions of senior management. BlockFills is working tirelessly to bring this matter to a conclusion and will continue to regularly update our clients as developments warrant.”
BlockFills said in a Dec. 30, year in review on its website that it had named an interim CEO, Joe Perry, who has served on the company’s board of directors since 2019.
In the review, the company said it transacted $61 billion in volume in 2025, including $40.8 billion across derivatives trading and $17.9 billion across spot trading. The year’s total volume was 28% higher than 2024.
BlockFills onboarded 300 institutional clients from 50 countries in 2025, bringing the total number of institutional clients it serves to 2,000 across 95 countries, according to the review.
During 2025, BlockFills partnered with CoinDesk Indices to introduce institutional-grade options market liquidity, BCB Group to deliver efficient payments services, CQG to offer streaming crypto liquidity on that company’s trading platform, Fordefi to enhance secure DeFi access for venture capital and DeFi communities, Definitive Finance to enhance BlockFills’ automated trade capabilities for DeFi, Balmoral Partners Investment Management to introduce a new digital asset collateralized lending fund, and QIS Risk to provide comprehensive portfolio visibility and risk analysis, per the review.
BlockFills announced in a January 2022 press release that it had raised $37 million in a Series A funding round and a total of $44 million as of that time. The Series A round was led by Susquehanna Private Equity Investments.
