TBLFrequently Asked Questions
Advice and answers from the TBL Team.
Here you can find some of the most general enquiries we normally receive, however if you have a specific question, feel free to contact us. We will be happy to assist you in any way possible.
What does it mean to be a liquidity provider?
We trade and manage a deep pool of cryptocurrencies and fiat currencies, and our clients can access this pool to buy and sell cryptocurrencies from/to us. Our system is online 24/7 and is always available to quote prices in all major crypto and fiat currency pairs.
Do you provide liquidity for ICOs?
No, we do not participate in ICOs, we do not make markets for ICOs, and we do not provide liquidity to completed ICOs.
How are you funded? Do you have investors?
TBL is a privately held company. We work with institutional and private investors.
What do you trade?
Clients can trade in any size from small 0.1 BTC to multi-million dollar blocks. The maximum trade size is negotiated individually with each client.
How does the trading system work?
We either use a request for quote (RFQ) system or accept a fill or kill (FOK) order. Instead of placing limit or market orders [as you would on an exchange], our clients ask for a fixed price to buy or sell a given amount of BTC or ETH for example. For RFQ, we provide a price at which the client can execute, with no risk of slippage. For FOK, we execute the order for the client in full up to your price specified or better. We charge no hidden fees in our trades. Accepting a quote results in a trade which is a binding contract.
What do you trade?
- We provide 24/7 liquidity in Bitcoin (BTC) and Ethereum (ETH). Clients can buy or sell in all major fiat currencies.
- We offer select clients the ability to take both long and short positions.
Can you disclose which institutions you count as clients?
Unfortunately, we cannot disclose this information.
Can anyone trade with TBL?
Our clients include brokerages, hedge funds, FOREX and CFD trading firms, and family offices. Jurisdiction permitting, we do work with select high net worth individuals who pass our KYC checks.
Due to overwhelming demand, we currently cannot onboard new clients whose expected aggregate trading volume is less than $1,000,000 / month.
Are there other trading firms similar to you?
Clients need to have funds deposited with TBL prior to trading. In addition, trades can be aggregated so that multiple subsequent trades can be settled in a single transaction.
How do you handle settlement?
Our minimum settlement size is $40,000. We do not settle fiat or crypto values below $40,000.
Digital asset transfers can take up to 12 hours if initiated manually, depending on the account setup. Fiat transfers are usually delivered within 1-3 business days, depending on your bank and the currency.