Reporting · markets
Blockchain.com launches trading API giving institutions automated access to principal liquidity
Blockchain.com has opened its trading API to institutions, offering automated principal liquidity access alongside its voice and chat OTC trading.
Quick take
- Blockchain.com has launched a trading API giving institutions automated access to principal liquidity.
- The company says the service offers executable quotes across majors, altcoins and stablecoins on a 24-hour basis.
- Those claims still need testing, and clients should check quote formation and spreads before relying on the service.
NewsBTC reported that Blockchain.com has launched a trading API for institutional clients, giving them automated access to principal liquidity. Blockchain.com unveiled the API on November 5, positioning it as a new layer of its prime brokerage services. It sits alongside the firm's voice and chat over-the-counter trading services.
According to the company, the API offers executable quotes on majors, altcoins and stablecoins, and it runs on a 24-hour basis. Under the principal model, the provider becomes the counterparty to the client's trades. Those provider claims, however, still need testing against the documentation before institutions can rely on them.
Clients should check how quotes are formed and what spreads apply. Institutions must still manage 24/7 operational controls of their own. The offering competes with exchanges, market makers and institutional brokers, and uptake and liquidity under stress have not yet been shown.
Sources
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