Digital Assets
Institutional crypto liquidity.
Institutional crypto liquidity is aggregated pricing and executable size in digital assets, supplied to brokers, funds and platforms rather than to retail traders. PrimeBrokerLiquidity delivers it as aggregated multi-venue crypto CFD liquidity — bitcoin, ether and other major digital assets quoted against the US dollar and stablecoins — through the same feed and integration as our FX and multi-asset liquidity. Crypto is offered as contracts for difference; this is not spot trading or custody.
Key takeaways
- PBL provides crypto CFD liquidity — leveraged exposure to digital-asset prices, not spot coins or custody.
- Pricing is aggregated from multiple crypto venues and market makers into one composite book, then routed straight through.
- Coverage centres on major, liquid assets such as bitcoin (BTC) and ether (ETH) against USD and stablecoins.
- Crypto runs on the same feed and integration as FX, metals, indices, commodities and equities — no separate onboarding.
- Digital assets are highly volatile; leveraged crypto CFDs carry a high level of risk. Institutional counterparties only.
Aggregated crypto CFD liquidity
Many venues, one composite crypto book.
Digital-asset liquidity is fragmented — it sits across many exchanges and market makers, each with its own connectivity, credit and quirks. Our model aggregates those sources into a single, normalised crypto CFD order book. When your desk requests a price, the engine selects the best available price and size across venues and passes it through one connection, so you get depth without maintaining a shelf of individual exchange integrations.
- Multi-venue depthQuotes from multiple crypto venues and market makers, merged into one book.
- CFD exposureLeveraged long or short on price — no wallets, on-chain settlement or coin custody.
- Best price and sizeRouting selects across sources for the best overall fill, credit and risk aware.
- One connectionReach the whole aggregated crypto pool over a single FIX or bridge integration.
Model at a glance
| Attribute | PBL crypto |
|---|---|
| Instrument | CFD |
| Sourcing | Multi-venue aggregation |
| Custody | Not offered |
| Spot coins | Not offered |
| Audience | Institutional |
→ Aggregated crypto CFDs — not spot trading or custody.
Representative coverage
Major crypto CFDs.
A representative view of the major digital assets typically available as CFDs, quoted against the dollar and stablecoins. The exact instrument list is confirmed with the desk and configured per counterparty.
| Digital asset | Typical quote currencies | Notes |
|---|---|---|
| Bitcoin (BTC) | USD, USDT | The benchmark digital asset and typically the deepest crypto CFD market. |
| Ether (ETH) | USD, USDT | The second major digital asset; widely traded alongside bitcoin. |
| Other majors | USD, USDT | A focused set of large, liquid digital assets — confirmed with the desk at onboarding. |
| Stablecoin pairs | USDT and equivalents | Stablecoin-quoted pairs support pricing consistency across the crypto book. |
→ All figures are structural only — no spreads, rates or an exhaustive coin list are represented here. Availability is scoped per counterparty.
Part of the multi-asset feed
How crypto fits the multi-asset feed.
Crypto is not a bolt-on. It is delivered on the same normalised feed and through the same connection as FX, metals, indices, commodities and equities. Your desk adds digital-asset CFDs by configuration rather than a separate onboarding, with one credit relationship and one time-stamped reporting stream covering every asset class. That keeps operations simple and lets you extend a crypto offering without standing up new infrastructure.
- Same integrationCrypto CFDs arrive over the FIX API or bridge you already use for other markets.
- Unified credit & reportingOne credit line and one auditable P&L stream across all asset classes.
- Consistent executionThe same aggregation and routing logic applies to crypto as to FX.
On one feed
Connect once
One FIX or bridge integration for FX, metals, indices, commodities, equities and crypto.
Enable crypto
Add crypto CFDs by configuration — no separate onboarding or infrastructure.
One reporting view
Fills and P&L for every asset class land in the same auditable stream.
Risk note — crypto volatility
- Digital assets are highly volatile. Prices can move sharply and unpredictably, including outside conventional market hours, and liquidity can thin quickly in stressed conditions.
- Crypto CFDs are leveraged products. Leverage magnifies both gains and losses, and losses can exceed the initial margin committed.
- These are aggregated contracts for difference — you take exposure to price, not ownership of any coin, and there is no custody or on-chain settlement.
- Crypto CFD liquidity is offered to institutional and professional counterparties only. Nothing here is an offer, solicitation, or investment advice.
Common questions
Crypto liquidity, answered.
What is a crypto liquidity provider?
A crypto liquidity provider supplies the pricing and executable size that lets brokers, funds and platforms trade digital assets. In an aggregated model like PrimeBrokerLiquidity's, the provider pulls quotes from multiple crypto venues and market makers, normalises them into a single composite order book, and passes the best available price and depth to the institutional client through one connection — so the client does not have to integrate and manage each venue individually.
Do you offer spot crypto or crypto CFDs?
PrimeBrokerLiquidity provides crypto as aggregated multi-venue contracts for difference (CFDs), not spot coin trading or custody. Clients gain leveraged long or short exposure to digital-asset price movements without holding, settling or safekeeping the underlying coins. This keeps crypto consistent with the rest of the multi-asset feed and removes the operational burden of wallets and on-chain settlement.
Which cryptocurrencies are available?
Coverage focuses on the major, most liquid digital assets — such as bitcoin (BTC) and ether (ETH) and other majors — quoted against the US dollar and, where relevant, stablecoins. The exact list of available crypto CFDs is confirmed with the desk during onboarding and configured per counterparty, so it can be tailored to the markets each client wants to offer. Contact the desk to confirm current coverage.
Request liquidity
Add institutional crypto to your feed.
Tell us the digital assets and volumes your desk needs, and our institutional team will scope aggregated crypto CFD liquidity alongside your FX and multi-asset flow.