• EDX BlockConnect

Institutional Block Digital Asset Trading, Connected

A new way to source institutional block liquidity.

Configure an RFQ, access competing prices from participating providers and execute at full size while facing EDX as your sole clearing counterparty.

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How EDX BlockConnect Works

Crypto RFQ trading enables institutions to define the size, quote type and timing of a transaction before requesting a price. BlockConnect carries that configurable approach across the trade lifecycle, from liquidity sourcing and execution through clearing and settlement.

1. Configure the Quote

Define the transaction using your preferred quantity type, quote type and response window.

2. Source Competing Prices

EDX’s Smart Order Router routes the request across multiple liquidity providers.

3. Execute the Trade

Select the best available block price and complete the transaction at full size.

4. Clear and Settle

Clear and settle through EDX’s existing institutional clearing infrastructure.
  • Best-Price Execution

Bring More Liquidity Into Every Block Trade

Block liquidity can be distributed across multiple providers. BlockConnect brings participating liquidity providers into a single crypto RFQ workflow, enabling institutions to evaluate available prices for the full requested size without managing separate execution processes across each provider.
  • Central Clearing Integration

New Liquidity Access. Same Clearing Infrastructure.

Institutions can access competing block liquidity through BlockConnect while continuing to face EDX as their sole clearing counterparty. BlockConnect trades use the same institutional clearing infrastructure and once-daily net settlement process as other EDX activity, allowing firms to add an RFQ execution workflow without introducing a separate settlement model.

By centralizing clearing across the ecosystem, BlockConnect makes credit more portable and reduces the need to establish and manage fragmented bilateral relationships with individual liquidity providers. The integrated model is designed to improve capital efficiency and simplify post-trade operations.

  • Configurable Quote Parameters

Define the Trade. Then Request the Price.

Each crypto RFQ can be tailored to the transaction at hand. Specify the size, quote structure and response window before the request is routed.
  • Quantity Type – Define the trade by notional amount or asset quantity.
  • Quote Type – Request a firm price or use a last-look workflow.
  • Time Window – Set a flexible response period for the quote request.
  • Access and Integration

Trade Through API or UI

Use BlockConnect through a web-based trading interface or integrate crypto RFQ trading directly into your existing workflows.

FIX, WebSocket and REST APIs provide programmatic, low-latency access, while the web-based UI supports firms that prefer a manual trading experience. The same configurable RFQ workflow is available through either access model.

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Frequently Asked Questions

Crypto request-for-quote (crypto RFQ) trading enables an institution to define the terms of a digital asset transaction before requesting a price. Those terms may include the size of the trade, the type of quote requested and the amount of time available to respond. RFQ trading is commonly used to access prices for block-size transactions that may require liquidity from multiple sources.
EDX BlockConnect is an institutional crypto RFQ offering that connects clients to multiple participating block liquidity providers through one workflow. It enables institutions to configure a quote request, source competing prices, execute the transaction at full size and complete clearing and settlement through EDX.
A basic white-label crypto exchange may exist as one subset of a Crypto as a Service offering, focusing primarily on the front-end trading experience. A broader Crypto as a Service model can include trading infrastructure, liquidity access, configurable risk controls, collateral management, market surveillance, clearing, settlement, APIs and operational support.
BlockConnect collects available prices for the requested transaction from multiple participating liquidity providers. The institution can then select the best available block price and complete the transaction at the full requested size, rather than managing separate execution processes with each provider.
Institutions face EDX as their sole clearing counterparty. This enables clients to access liquidity from multiple providers without establishing and managing a separate bilateral clearing relationship with each one.
Clients can define a transaction by notional amount or asset quantity, request either a firm price or a last-look quote and establish a flexible response window. These parameters mean each RFQ can be tailored to the requirements of the individual trade.
BlockConnect trades clear through EDX, with institutions facing EDX as their sole clearing counterparty. Trades use the same institutional clearing infrastructure and once-daily net settlement process as other EDX activity, enabling clients to add RFQ execution without introducing a separate settlement model.
Institutions can use BlockConnect through a web-based trading interface or integrate the offering directly into their existing trading infrastructure. Programmatic access is available through FIX, WebSocket and REST APIs, providing firms with multiple ways to submit and manage crypto RFQs.
EDX BlockConnect is designed for institutional clients seeking access to crypto block liquidity. It is not intended for retail traders.

Institutions interested in using BlockConnect can contact their EDX relationship manager or reach out to the EDX sales team. EDX can provide additional information about onboarding, platform access and available trading workflows.

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Powered by our ultra-low-latency matching engine technology and central clearinghouse, and supported by many of the world’s leading crypto trading firms, EDX provides a trusted, liquid and efficient crypto trading experience.
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