Overview
- The suspension, initiated last week, remains in place as of Feb. 13 with no timeline for reopening.
- Trading to open and close spot and derivatives positions continues under restrictions to manage risk.
- Client notices said incoming funds will be rejected and positions or loans needing extra margin may be closed.
- BlockFills serves roughly 2,000 institutional clients and reported about $60–61 billion in 2025 trading volume; investors include Susquehanna and CME Ventures.
- Reporters and analysts note parallels to 2022 withdrawal freezes, though there is no public evidence the firm is insolvent, and management is engaging clients and investors through briefings.