Block Scholes

Crypto Derivatives Market Data and Analyticsblockscholes.com

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

Crypto derivatives analytics
Implied volatility data
Blockchain oracle solutions
Institutional market data
Options pricing API

Where Block Scholes is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Block Scholes technology and API

Technology

Technology 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 signal

Partnerships

Seven partnerships are on record, tiered core and major.

LyracoreStrategic or Co-development Partner · 1 January 2024Block 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 BankcoreTechnology or Integration · 1 January 2024Sygnum, 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.
D2XcoreTechnology or IntegrationInstitutional 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.
BybitcoreStrategic or Co-development PartnerOngoing 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.
BitgetmajorStrategic or Co-development PartnerBitget 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.coreTechnology or IntegrationBlock 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.
DerivemajorTechnology or IntegrationLeading 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 assessment

Direct 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 compliance and trust

Trust signal

Compliance1 record

Block Scholes financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Block Scholes leadership team

Management profile

Number of profiles

Profiles10 records

Block Scholes funding detail

Funding detail

Funding 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 investment

M&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?

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.