CME-backed BlockFills suspends withdrawals after Bitcoin drop
CME-backed crypto lender BlockFills has suspended withdrawals and deposits, saying it is working to restore liquidity following last week’s Bitcoin decline.
Crypto trading and lending firm BlockFills temporarily halted client deposits and withdrawals, citing “recent market and financial conditions.” The latest bout of volatility triggered billions of dollars in leveraged liquidations, while the total cryptocurrency market capitalization fell to around $2.2 trillion last week — its lowest level since September 2024.
Clients can continue trading and managing positions on the platform, but deposits and withdrawals remain suspended, with no timeline disclosed for resuming normal operations.
“Clients have been able to continue trading with BlockFills to open and close positions in spot and derivatives markets, as well as in certain other cases,” a company spokesperson told The Block, adding that management is working with investors and clients to restore liquidity and resume standard operations.
Stabilization may take time
BlockFills provides liquidity, trade execution, and lending services to institutional and high-net-worth crypto market participants, including hedge funds, miners, and asset managers. The company’s investors include Susquehanna Private Equity Investments and CME Group’s venture arm.
BlockFills said its trading volume exceeded $60 billion in 2025, and the company currently serves more than 2,000 institutional clients across over 95 countries.
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