Institutional crypto platform BlockFills reportedly halts withdrawals, restricts trading

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Institutional crypto platform BlockFills reportedly halts withdrawals, restricts trading It's shades of 2022, when any number of crypto platforms were forced to suspend withdrawals as prices crumbled. By Stephen Alpher | Edited by Sheldon Reback Feb 11, 2026, 4:43 p.m. Make us preferred on Google BlockFills halts withdrawals (Nadine Shaabana/Unsplash) What to know : Institutional crypto trading platform BlockFills has halted withdrawals and restricted trading, according to multiple reports. The company handled $60 billion in trading volume last year. The news is reminiscent of 2022's crypto winter when a number of firms suspended withdrawals as markets crumbled. Amid sharp, mostly downward volatility in crypto markets, BlockFills has halted withdrawals and restricted trading on its platform, according to reports in Mining Mag and the Financial Times. Based in Chicago and backed in part by market-making giant Susquehanna Investment Group, BlockFills saw $60 billion in trading volume last year, according to the FT . STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . "In light of recent market and financial conditions, and to further the protection of clients and the firm, BlockFills took the action last week of temporarily suspending client deposits and withdrawals," a spokesperson told the newspaper. "Clients have been able to continue trading with BlockFills for the purpose of opening and closing positions in spot and derivatives trading and select other circumstances," the spokesperson said. BlockFills' moves come as the months-long slide in crypto prices accelerated into a full-blown crash last week. Bitcoin BTC $ 66,944.44 plunged to as low as $60,000 before bouncing to its current $67,000, still down about 50% from its record high last October. The action is reminiscent of 2022’s crypto winter, which saw numerous platforms forced to suspend withdrawals as the bear market deepened, with many of them ultimately collapsing. BlockFills More For You In unfamiliar market conditions, historical data-driven AI trading bots will falter By Ian Allison | Edited by Jamie Crawley 1 hour ago Bitget CEO Gracy Chen says AI trading apps are like interns for now; soon they will be full time employees. What to know : Unusual market events like the 10/10 liquidations or even last week’s severe selloffs will leave agentic trading models short of the mark. Humans day traders and retail players are too emotional to compete with AI said the founder of an agentic trading startup. Read full story Latest Crypto News The Protocol: Robinhood unveils its layer-2 testnet 18 minutes ago The human brain's edge is fading. AI could outhink us in 2 years, Ben Goertzel says 40 minutes ago Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades 46 minutes ago In unfamiliar market conditions, historical data-driven AI trading bots will falter 1 hour ago Decentralized AI is in a trough but real opportunities are emerging, crypto VCs say 1 hour ago BlackRock takes first DeFi step, lists BUIDL on Uniswap as UNI jumps 25% 1 hour ago Top Stories Analysts react as Robinhood slumps 10%, with slowdown in crypto trading weighing on results 2 hours ago U.S. added stronger than expected 130,000 jobs in January, with unemployment rate falling to 4.3% 3 hours ago Recapping day 1 of Consensus Hong Kong 3 hours ago Tokenization still at start of hype cycle, but needs more use cases, specialists say 6 hours ago MrBeast's finance bet could become the new generation's Schwab, Robinhood, Tom Lee says 7 hours ago As bitcoin extends declines, industry figures say it's time to buy 4 hours ago In this article BTC BTC $ 66,944.44 ◢ 3.14 %