CME-backed crypto lender BlockFills halts withdrawals, says it’s working to restore liquidity
Overview
BlockFills, a crypto lender backed by the Chicago Mercantile Exchange (CME), has halted client deposits and withdrawals. Clients can still trade and manage positions on the platform, but all deposit and withdrawal functions remain paused with no official timeline for reopening.
Reason for Suspension
The suspension comes amid a downturn in Bitcoin prices and increased market volatility. BlockFills stated that management is working with investors and clients to resolve the issue and restore platform liquidity.
Platform Status
As of the latest update, the platform continues to allow trading and position management, but no new deposits or withdrawals are permitted. The company has not disclosed a specific reopening date.
Background
BlockFills is an institutional-focused digital asset trading and lending firm that handled $60 billion in trading volumes in 2025. It is a key player in the crypto liquidity space, providing services to institutional clients.