Global Stock News

Susquehanna-Backed Crypto Lender BlockFills Suspends Withdrawals as Bitcoin Sinks

Susquehanna-Backed Crypto Lender BlockFills Suspends Withdrawals as Bitcoin Sinks

In brief

  • BlockFills confirmed that it halted deposits and withdrawals on its platform last week amid crypto market volatility.
  • The firm said it is working to restore liquidity and is still allowing the opening and closing of spot and derivative positions.
  • BlockFills facilitated more than $61 billion in trading last year and boasts more than 2,000 institutional clients worldwide.

Crypto trading firm and lender BlockFills has suspended deposits and withdrawals on its platform amid volatile market conditions, the company confirmed to Decrypt.

The firm, which lists over-the-counter (OTC) trade execution, liquidity provisioning, and lending services among its crypto services, called the measures “temporary.” TheMinerMag first reported…

Source link

Share this article

Scroll to Top