WiremarketsBrief
Blockchain.com Adds Trading API for Institutional Crypto Execution
Blockchain.com has introduced a trading API intended to give institutions automated access to its principal liquidity across digital assets.
Brief
Blockchain.com has rolled out an application programming interface that lets institutional clients trade automatically against the firm's own capital in digital assets. The company revealed the offering on November 5, framing it as an add-on to its prime brokerage business and placing it beside its existing phone and chat-based off-exchange desk. According to the company, users can ask for quotes they can act on immediately, and can buy and sell large coins, smaller tokens and stablecoins at any hour. It labels its pricing clear and its settlement adaptable. The article treats these as provider claims to test. As principal, the firm may face clients directly, a setup the article says makes credit terms, spreads and settlement timing relevant.
Why it matters: It signals that institutions are seeking crypto trading access that can run through their automated systems, a step toward more programmatic market access.
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Blockchain.com launches trading API giving institutions automated access to principal liquidity
Terms in this story
- Blockchain
- A shared, ordered record of transactions, grouped into blocks, that independent computers check against the same protocol rules.
- Liquidity
- How easily an amount can be bought or sold without moving the price much.