BlockQuake

What BlockQuake does

BlockQuake is a centralized cryptocurrency exchange founded in 2018 and headquartered in New York at 110 Wall Street. The company operates a central limit order book trading platform built on high-frequency trading equities technology, with a matching engine engineered to handle more than 10 million transactions per second. The platform supports both fiat-to-crypto and crypto-to-crypto trading pairs, including USD, BTC, ETH, LTC, and USDT, with planned onboarding of LINK, XLM, PAX, BTH, USDC, and additional fiat currencies (CAD, GBP, EUR, JPY, AUD). Services are delivered through two operating subsidiaries: BlockQuake Markets, LLC (Wyoming) for US customers and BlockQuake Markets, LTD (Bahamas) for non-US customers, both held under BlockQuake Enterprises, Inc., a Wyoming corporation, with brand and IP held by BlockQuake Holdings LLC.

The platform targets both retail traders and institutional investors, accepting corporate, retirement, and trust accounts, and supports market, limit, stop, and time-in-force order types. BlockQuake's infrastructure is augmented by a stack of partnerships: PrimeTrust provides KYC/AML verification, qualified fiat custody, and FDIC-insured banking rails; Fireblocks provides institutional-grade wallet and network security; ION TradAir and Secure Digital Markets aggregate liquidity from global market makers; Solidus Labs provides Wall Street-grade market surveillance. The company is registered with FinCEN as a money services business and is pursuing the NY BitLicense, CFTC registration, and FINRA/SEC broker-dealer/ATS status. It employs between 11 and 50 people.

BlockQuake's revenue model historically relied on a flat 0.2% trading fee with no deposit or withdrawal charges; in May 2022, the company announced zero trading fees for life alongside plans to add XRP support, staking, and derivatives funded by a token sale. Cumulative disclosed funding across nine tranches from mid-2018 through March 2021 totals approximately $2.25 million, with no specific institutional investors identified.

Name

BlockQuake

Legal name

BlockQuake Holdings LLC

Website

https://blockquake.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

BlockQuake is a centralized cryptocurrency exchange founded in 2018, offering a regulated trading platform for retail and institutional investors globally via an HFT-grade central limit order book.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)

akta.pro secondary industries

Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG), Transaction Policy Controls & Wallet Security (Allowlisting, Limits, Approvals) (FSADACAI), Blockchain Analytics & Transaction Monitoring (FSADALAB)

Keywords

• Cryptocurrency exchange platform
• Digital asset trading
• Centralized crypto exchange
• Fiat-to-crypto trading
• Institutional crypto trading

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading Fees: BlockQuake charges trading fees for transactions on the platform. The standard trading fee is 0.2% (20 basis points) of the trade amount. No fees are charged for deposits or withdrawals. The company announced zero trading fees for a lifetime in May 2022, though it's unclear if this is a permanent promotional rate.
2. Digital Asset Transfers: There may be associated fees for blockchain network transfers of digital currencies, paid to the blockchain network rather than BlockQuake.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

BlockQuake operates a centralized, global cryptocurrency exchange platform that lets users buy and sell digital assets across fiat-to-crypto and crypto-to-crypto trading pairs (USD, BTC, ETH, LTC, USDT and more). The platform runs on a central limit order book with a proprietary HFT-grade matching engine engineered for 10M+ transactions per second, and order types include market, limit, stop, and time-in-force. Qualified custody (fiat via PrimeTrust in FDIC-insured US bank accounts, digital assets via Fireblocks) and compliance (KYC/AML, FinCEN registration, BitLicense pursuit) underpin retail and institutional account acceptance.

Product overview

BlockQuake is a centralized cryptocurrency exchange built by traders for traders, offering a unified trading platform for digital assets. The core product is the BlockQuake Crypto Exchange Platform, a central limit order book trading platform that settles trades in both Fiat Currency to Digital Asset and Digital Asset to Digital Asset trading pairs. The platform's product portfolio includes the core exchange with a high-frequency trading (HFT)-grade matching engine (capable of handling over 10 million transactions per second), a Fiat Wallet powered by PrimeTrust for FDIC-insured fiat storage, and a Digital Asset Hot Wallet secured by Fireblocks infrastructure. The platform supports top trading pairs including USD, BTC, ETH, LTC, and USDT, with plans to add LINK, XLM, PAX, BTH, USDC, CAD, GBP, EUR, JPY, and AUD. Trading options include market, limit, stop, and time-in-force order types. The platform targets both retail and institutional users including corporate, retirement, and trust accounts.

Differentiator

Problem solved

Functional benefit

Products and services

• BlockQuake Crypto Exchange Platform A centralized global cryptocurrency exchange providing fiat-to-crypto and crypto-to-crypto trading through a central limit order book, with support for multiple trading pairs (USD, BTC, ETH, LTC, USDT and upcoming pairings) and order types (market, stop, limit, time-in-force). Targets both retail traders and institutional investors.
• Fiat Wallet A fiat currency wallet provided to customers through PrimeTrust, a qualified custodian, holding customer fiat in FDIC-insured US bank accounts. Supports multiple fiat currencies (USD, CAD, GBP, EUR, JPY, AUD) for deposit, storage, and trading.
• Digital Asset Wallet (Hot Wallet Storage) Institutional-grade hot wallet storage solution for cryptocurrencies, powered by Fireblocks network and wallet infrastructure. Private keys are stored in both online (hot) and offline (cold) storage configurations.
• BlockQuake Custody Services Custodial digital asset storage service in which BlockQuake holds private keys on behalf of customers across hot and cold storage configurations. Customers retain ownership of digital assets while BlockQuake controls the private keys for blockchain addresses.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• ION TradAircoreTechnology or Integration · 11 January 2022ION TradAir provides liquidity aggregation from top global market makers to ensure traders can trade what they want, when they want. Partnership creates greater crypto liquidity for the BlockQuake exchange.
• Solidus LabscoreTechnology or Integration · 19 August 2020Solidus Labs provides end-to-end Wall Street-grade crypto risk monitoring for market integrity and compliance. Partnership expanded in May 2021 to provide comprehensive crypto market surveillance.
• Secure Digital MarketscoreTechnology or Integration · 24 June 2020Secure Digital Markets provides digital asset liquidity solutions for the BlockQuake regulated digital asset exchange, serving both institutional traders and retail participants.
• FireblockscoreTechnology or Integration · 18 June 2020Fireblocks provides wallet infrastructure and network integration to secure customers' assets at launch. Fireblocks is Fidelity-backed and provides institutional-grade security for digital asset storage and transfer.
• PrimeTrustcoreTechnology or Integration · 5 February 2020PrimeTrust provides KYC/AML verification services and serves as qualified custodian for customer fiat assets held in FDIC-insured US bank accounts. All BlockQuake customers receive a PrimeTrust account upon registration. PrimeTrust also arranges banking for BlockQuake customers.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Coinbase: Coinbase is the largest US-regulated centralized cryptocurrency exchange, offering spot trading, custody, and institutional services directly comparable to BlockQuake's product set. Both target retail and institutional US clients with regulated infrastructure.
• Kraken: Kraken is a long-established US-headquartered centralized crypto exchange serving retail and institutional clients with spot trading, staking, and custody — a directly comparable regulated-CEX model.
• Gemini: Gemini is a New York-based, compliance-first CEX founded by the Winklevoss twins pursuing NY BitLicense and SOC 2 compliance — the closest analog to BlockQuake's regulatory-first positioning and institutional focus.
• Binance.US: Binance.US is the US-regulated affiliate of Binance, offering centralized spot trading to US retail and institutional clients. It competes head-to-head with BlockQuake for US-regulated digital asset trading volume.
• Bitstamp: Bitstamp is a long-standing, Europe-anchored regulated CEX serving retail and institutional clients with fiat on-ramps and custody — directly comparable to BlockQuake's regulated multi-jurisdiction model.
• Crypto.com: Crypto.com is a global centralized exchange and app offering spot trading, staking, and a debit card — competing with BlockQuake across retail digital asset trading and adjacent financial products.
• Bittrex: Bittrex is a US-based regulated CEX providing spot trading and institutional services — a similar compliance-focused CEX profile targeting US retail and corporate clients.

Broad incumbents

• Robinhood Crypto: Robinhood offers crypto trading alongside brokerage services to a massive US retail user base. It is a broader incumbent competing with BlockQuake for US retail digital asset trading volume via an app-first experience.
• OKX: OKX is a global centralized exchange offering spot, derivatives, and DeFi services at scale. It is a broad incumbent with overlapping spot-trading capabilities, though it does not focus specifically on the US-regulated niche BlockQuake targets.
• eToro: eToro is a multi-asset social trading platform offering crypto alongside equities and ETFs globally. It overlaps with BlockQuake's retail self-serve trading motion as a broader incumbent in the consumer trading space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/blockquake
• YouTubeyoutube.com/channel/UCNPbNIy3Ohzbetu4iugGgfw
• Facebookfacebook.com/BlockQuake
• LinkedInlinkedin.com/company/blockquake
• Instagraminstagram.com/blockquake

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds9 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BlockQuake