#London #United Kingdom #BlockFills #CoinDesk 20 #Hyperion Decimus

BlockFills Partners with CoinDesk Indices

In a significant move for the digital asset landscape, BlockFills, a prominent firm in technology and trading for institutional investors and professional traders, has entered a partnership with CoinDesk Indices. This collaboration aims to establish the BlockFills CoinDesk 20 Options Market, which will significantly enhance the liquidity of the CoinDesk 20 Index (CD20).

The CoinDesk 20 Index is meticulously designed to evaluate the performance of leading digital assets, employing a method that limits market capitalization to ensure a well-diversified portfolio. Trading activities on the BlockFills CoinDesk 20 Options Market commenced earlier this month, marked by an initial transaction facilitated by Hyperion Decimus, a well-respected player in digital asset management and multi-strategy crypto hedge fund.

Perry Parker, Head of Options Trading at BlockFills, emphasized the importance of foundational reference indexes as the digital asset market evolves. He stated, "As digital assets mature, qualified institutional market participants are actively seeking robust indexes to trade, invest in, and measure their performance." The collaboration with CoinDesk Indices comes as a response to this growing demand, particularly as the CoinDesk 20 Index has successfully generated over $12.8 billion in trading volume since its debut in January 2024.

With institutional investors increasingly exploring diverse trading products beyond conventional cryptocurrencies like Bitcoin and Ethereum, the CoinDesk 20 Index has gained momentum. Renowned hedge funds and asset managers have shown keen interest, actively participating since its launch.

Chris Sullivan, Principal of Hyperion Decimus, echoed this sentiment, noting the product's uniqueness in catering to the complexities of risk management in digital asset investing. According to Sullivan, the BlockFills CoinDesk 20 index options market offers a distinctive solution for professionals managing diverse portfolios within the asset class.

BlockFills' commitment to innovation in the digital asset derivatives market was highlighted by Alan Campbell, President of CoinDesk Indices, who called the initial trade a milestone achievement for BlockFills. Campbell anticipates continued collaboration to broaden the market's reach and design institutional-grade solutions that fulfill the evolving needs of market participants.

John Divine, responsible for Strategy and Execution at BlockFills, reiterated their objective to provide impactful products for traders and risk managers. He emphasized that by joining forces with CoinDesk Indices for pricing options on the CoinDesk 20 Index, BlockFills is reinforcing its dedication to enhancing liquidity solutions for its clients.

For those interested in understanding these developments, further information can be found on BlockFills' official website as well as CoinDesk Indices' platform.

About BlockFills

BlockFills is a pioneering financial technology firm offering access to digital asset markets tailored for institutional and professional traders. Their innovative approach encompasses a comprehensive technology stack that addresses liquidity fragmentation, enhancing price discovery, order matching, and trade reconciliation across both spot and derivatives markets.

About CoinDesk Indices

CoinDesk Indices has been instrumental since 2014 in pushing the digital asset frontier, providing essential tools for investors worldwide. As part of the Bullish Group, CoinDesk Indices sets the benchmark for measuring and trading digital assets, with flagship products like the CoinDesk Bitcoin Price Index and CoinDesk 20 Index leading the industry.

Overall, this collaboration heralds a new era for institutional-grade trading in the digital asset space, promising to meet the diverse needs of emerging market participants.