Block Scholes
Block Scholes is a London-based FCA-regulated crypto derivatives intelligence platform providing institutional-grade implied volatility data, SVI-calibrated analytics, and on-chain oracle infrastructure to hedge funds, DeFi protocols, exchanges, and AI developers via API, Bloomberg Terminal, and MCP integration.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Block Scholes does
Block Scholes is a London-based crypto derivatives intelligence platform founded in 2021 that provides institutional-grade data, analytics, and oracle infrastructure for digital asset markets. The company aggregates real-time derivatives data from over 30 exchanges and venues including Deribit, OKX, Bybit, and CME into proprietary SVI-calibrated implied volatility surfaces, processing more than 50 million data points per hour. Its core product suite comprises a Data API (REST and WebSocket), on-chain Push and Pull Oracle Solutions deployed across Arbitrum, Base, and Plume, an AI-powered Strategy Backtest tool, award-winning Research and Analytics publications, and a Model Context Protocol server that enables AI assistants such as Claude, Cursor, and OpenClaw to query derivatives data and execute strategy backtests via natural language. As of March 2026, the platform's crypto options data is also distributed through the Bloomberg Terminal under the BLS2 command, and the company is FCA regulated in the UK (Registration #989043), enabling it to deliver trade recommendations to professional market participants.
The company's customer base spans institutional crypto trading firms, DeFi protocols, centralized exchanges, and AI/quant developers. Named enterprise customers include Sygnum Bank (the world's first digital asset bank), Lyra (a flagship DeFi options exchange whose v2 platform processed over $800m in options trading volume in 2024 on Block Scholes data), D2X (an institutional regulated crypto futures and options exchange), Derive, Silver 8 Capital (a digital asset hedge fund), and co-marketing research partnerships with Bybit and Bitget. According to company-reported metrics, Block Scholes powers over 90% of on-chain options volume. The business model is primarily subscription-based, with tiered self-serve data plans (Core, Prime, Enterprise) billed monthly via a console platform, custom-priced enterprise API arrangements, and additional subscriptions for advanced backtesting capabilities.
Block Scholes has raised approximately $5.04M in total disclosed funding across pre-seed, seed, and a 2023 seed round of $3.3M led by CoinSwitch, Dair Capital, FunFair Ventures, Investcorp, Record Currency Management, and Saison Capital. The company employs 11-50 people with credentials spanning Credit Suisse, Goldman Sachs, Nomura, BlackRock, Bloomberg, JPMorgan, Deutsche Bank, Citigroup, and Barclays. The Data City recognized it as the #1 UK Crypto Company to Watch in 2026, citing 124% annual growth.
Block Scholes firmographics
Firmographics- Name
- Block Scholes
- Legal name
- Block Scholes Ltd
- Website
- https://blockscholes.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Block Scholes is a London-based FCA-regulated crypto derivatives intelligence platform providing institutional-grade implied volatility data, SVI-calibrated analytics, and on-chain oracle infrastructure to hedge funds, DeFi protocols, exchanges, and AI developers via API, Bloomberg Terminal, and MCP integration.
- Ownership category
- akta.pro rank
Block Scholes industry classification
Industry- Product category
- Crypto Derivatives Market Data and Analytics
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles) (FSAGAMAL)
- akta.pro secondary industry
- Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE)
Keywords
Where Block Scholes is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Block Scholes business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Data API Subscriptions: Subscription-based access to institutional-grade crypto derivatives data including spot, perpetual, futures, and options markets. Offered through self-serve plans (Core, Prime, Enterprise) with monthly or annual billing. Revenue is recurring and scales with data access tier and lookback period.
- Strategy Backtest Subscription: Additional subscription tier for advanced backtesting capabilities with trade-by-trade PnL, hedge attribution, and strategy analytics. Requires separate subscription or additional permissions.
- Enterprise API Access: Custom API arrangements for enterprise clients requiring bespoke data feeds, dedicated support, and tailored data arrangements. Revenue based on negotiated enterprise agreements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Self-serve data plans with tiered access |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Block Scholes product offering
Product offeringCore offering
Block Scholes provides institutional-grade crypto derivatives data, analytics, and on-chain oracle infrastructure for digital asset markets. Its core offerings include a Data API (tick-level and derived data across spot, perpetual, futures, and options markets from 22+ exchanges), Push & Pull Oracle Solutions delivering SVI-calibrated implied volatility surfaces to DeFi protocols and smart contracts, an AI-powered Strategy Backtest tool, award-winning Research & Analytics, and a Bloomberg Terminal integration. The platform serves institutional trading firms, digital asset banks, crypto exchanges, DeFi protocols, and quant developers.
Product overview
Block Scholes is a crypto derivatives intelligence platform providing institutional-grade data, analytics, and oracle infrastructure. The core offering consists of the Data API (tick-level market data across 22+ exchanges via REST/WebSocket), the Blockchain Oracle (push/pull on-chain delivery of derivatives data to EVM-compatible chains), Research & Analytics (award-winning market research), and the MCP Server (AI assistant integration). The Strategy Backtest add-on provides AI-powered natural language backtesting capabilities. Recent additions include Bloomberg Terminal integration (March 2026) for institutional distribution. The platform powers 90%+ of on-chain options volume and aggregates data from Deribit, OKX, Bybit, CME, and 18+ other venues.
Differentiator
Problem solved
Functional benefit
Products and services
- Data API
Quantifiable outcome
- 90%+ of on-chain options volume powered by Block Scholes data
- +2 more outcomes
Companies that use Block Scholes
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Block Scholes technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability6 records
Feature5 records
Block Scholes partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and major.
- LyracoreBlock Scholes partnered with Lyra as instrumental data providers for the successful launch of Lyra v2. Their reliable, performant data feeds formed the backbone of over $800m in options trading volume in 2024 alone. This is a flagship partnership demonstrating Block Scholes' ability to power major DeFi options protocols.
- Sygnum BankcoreSygnum, the world's first digital asset bank, selected Block Scholes as their provider of institutional-grade trading data. This partnership validates Block Scholes' enterprise-grade data quality for regulated financial institutions.
- D2XcoreInstitutional regulated crypto futures and options exchange using Block Scholes implied volatility service for accurate options pricing and robust risk management on their digital derivatives market.
- BybitcoreOngoing partnership for joint crypto derivatives research. Bybit (second-largest crypto exchange by volume) and Block Scholes regularly release Crypto Derivatives Analytics reports analyzing Bitcoin and Ethereum markets, volatility trends, and market positioning. Multiple reports published throughout 2025-2026.
- BitgetmajorBitget and Block Scholes released joint research examining onchain trading infrastructure. Block Scholes produced quantitative benchmark reports analyzing Bitget Wallet's DEX aggregator performance against peers. Partnership involves data sharing for execution quality analysis.
- Bloomberg L.P.coreBlock Scholes crypto options data is now available directly on the Bloomberg Terminal (BLS2 ), bringing institutional-grade implied volatility surfaces and crypto derivatives analytics into Bloomberg's established market data ecosystem for portfolio managers.
- DerivemajorLeading DeFi options exchange partnered with Block Scholes, indicating Block Scholes data is integrated into Derive's trading infrastructure for options pricing and market data.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Block Scholes competitors and assessment
Company assessmentDirect peers
- Coin Metrics: Coin Metrics provides institutional-grade crypto market data, network data, and indices for digital assets. It is a direct competitor serving institutional clients with derivatives market data and research, with similar emphasis on data quality and enterprise distribution.
- Kaiko: Kaiko is a leading institutional crypto market data provider aggregating trades, order books, and historical data across 100+ centralized and decentralized exchanges. It is the closest direct competitor to Block Scholes in serving institutional quants, exchanges, and DeFi protocols with derivatives and spot data, and similarly operates Bloomberg Terminal distribution.
- Amberdata: Amberdata provides crypto market data, analytics, and on-chain data for institutional and DeFi clients, including derivatives pricing and historical data APIs. It directly competes with Block Scholes in the institutional crypto data layer serving hedge funds, exchanges, and protocols.
- CoinGlass: CoinGlass (formerly Bybt) aggregates crypto derivatives market data including futures, perpetuals, options, funding rates, and open interest across major exchanges. It is a direct competitor in the crypto derivatives analytics space, particularly for institutional traders monitoring options and futures positioning.
- Genesis Volatility: Genesis Volatility specializes in crypto options data, including implied volatility surfaces, term structure, and skew analytics for Bitcoin and Ethereum options. It is one of the closest direct peers to Block Scholes in the institutional crypto options intelligence segment.
- Glassnode: Glassnode provides on-chain and off-chain crypto market intelligence, including derivatives metrics, exchange flows, and institutional research. It is a direct competitor serving institutional crypto traders with data and analytics, though with broader on-chain focus versus Block Scholes' derivatives specialization.
- CF Benchmarks: CF Benchmarks provides regulated cryptoasset benchmarks (including CF Bitcoin and Ether Reference Rates) administered under FCA oversight. It is a comparable institutional-grade data provider operating in the same FCA-regulated ecosystem as Block Scholes and competing for institutional reference data mandates.
Broad incumbents
- CryptoCompare (Kraken): CryptoCompare is a long-established crypto market data provider acquired by Kraken, offering institutional-grade trade, order book, and reference data across hundreds of assets. It competes broadly with Block Scholes in institutional crypto data but with a more diversified asset-class and data-type portfolio.
- Chainlink: Chainlink is the dominant blockchain oracle network providing price feeds and cross-chain data to DeFi protocols. While much broader than Block Scholes, it competes directly in the on-chain derivatives oracle layer where Block Scholes deploys its Push & Pull oracle solutions for DeFi options and margin engines.
Emerging players
- Pyth Network: Pyth Network is a blockchain oracle network delivering high-frequency market data on-chain for DeFi applications. It is an emerging competitor in the on-chain crypto derivatives oracle segment where Block Scholes' Push & Pull oracle solutions compete for DeFi protocol integrations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Block Scholes social profiles
Digital presenceBlock Scholes compliance and trust
Trust signalCompliance1 record
Block Scholes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Block Scholes leadership team
Management profileNumber of profiles
Profiles10 records
Block Scholes funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Block Scholes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Block Scholes
What does Block Scholes do?
Block Scholes provides institutional-grade crypto derivatives data, analytics, and on-chain oracle infrastructure for digital asset markets. Its core offerings include a Data API (tick-level and derived data across spot, perpetual, futures, and options markets from 22+ exchanges), Push & Pull Oracle Solutions delivering SVI-calibrated implied volatility surfaces to DeFi protocols and smart contracts, an AI-powered Strategy Backtest tool, award-winning Research & Analytics, and a Bloomberg Terminal integration. The platform serves institutional trading firms, digital asset banks, crypto exchanges, DeFi protocols, and quant developers.
Is Block Scholes a public or private company?
Block Scholes is a private company. It is classified as venture growth investor backed and is currently operating.
When was Block Scholes founded?
Block Scholes was founded in 2021. It employs 11 to 50 people.
Where is Block Scholes based?
Block Scholes is headquartered in London, United Kingdom, in the Europe region.
How does Block Scholes make money?
Three revenue lines are on record. Data API Subscriptions are the primary driver. The others are strategy Backtest Subscription and enterprise API Access.
Who are Block Scholes's main competitors?
Direct peers on record are Coin Metrics, Kaiko, Amberdata, CoinGlass, Genesis Volatility, Glassnode and CF Benchmarks. Broad incumbents are CryptoCompare (Kraken) and Chainlink. Pyth Network is listed as an emerging player.
Does Block Scholes have an API?
Yes. Block Scholes provides a comprehensive Data API for programmatic access to tick-level, minutely, and derived data across spot, perpetual, and options markets. The API includes REST and WebSocket endpoints, supporting real-time data streaming at 50M+ data points per hour. Authentication is via API key (for REST/WebSocket) and OAuth (for MCP connections). Data is sourced from 22+ exchanges and venues including Deribit, OKX, Bybit, CME, and others. The MCP server (available at https://mcp.blockscholes.com/mcp) provides three tools: data_retrieval, backtest_strategy, and get_instruments. MCP supports natural language queries for crypto derivatives data and strategy backtesting. Developer documentation is at docs.blockscholes.com.
What industry is Block Scholes in?
Block Scholes's product category is Crypto Derivatives Market Data and Analytics. Its primary akta.pro industry code is FSAGAMAL, Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles), with a secondary code of FSADAHAE, Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto). Its NAICS code is 5231 and its SIC code is 6200.