Scaling global CFD trading with stablecoin payments
Blueberry, a fast-growing CFD brokerage in Australia, the Philippines and Malaysia, needed a reliable partner to meet surging customer demand for stablecoin payments. After experiencing clunky solutions in the past, Blueberry found BVNK –a partner that could deliver enterprise-grade infrastructure, with the flexibility to scale globally.
The challenge: Finding a partner built for growth
As Head of Payments at Blueberry, Chi-Rong Ho has worked with multiple crypto providers through his career in FX, but has struggled to find a reliable partner.
“Many of the systems I've used either charge too much, break often, or don't have the support infrastructure that a growing brokerage needs," Chi-Rong explained.
Blueberry needed a crypto solution that could:
- Handle deposits and withdrawals seamlessly.
- Auto-convert from crypto to fiat (USD and EUR).
- Scale with their rapid growth and global expansion.
Most importantly, Chi-Rong and his team wanted a partner who understood their business needs – not just a technical provider.
The solution: Enterprise-grade stablecoin infrastructure
Blueberry integrated BVNK's hosted payment page via their orchestrator, to process the majority of their customer stablecoin and crypto payments, across multiple networks.
“I like how BVNK's platform is built,” says Chi-Rong, “combining both banking rails and stablecoin rails with a strong focus on user experience.”
How it works:
- Clients select stablecoins as their funding method.
- BVNK's payment page guides them through the deposit.
- BVNK auto-converts to USD or EUR and settles into Blueberry's accounts.
- For withdrawals, the flow works in reverse.
Special features Blueberry leverages:
- Dedicated VIP channels: “I can give high net worth clients a specific channel that's theirs alone. I've never seen this feature as clean and easy to use as BVNK's.”
- B2B settlements: Beyond customer payments, Blueberry uses BVNK for PSP vendor payments too.
- Multi-currency settlement: USD and EUR accounts provide flexibility for global operations.
“BVNK understands how to work collaboratively with merchants so both sides succeed. Their solutions are well-designed and robust. It's a high-quality product, which makes it genuinely easy for clients to deposit successfully.”
The results: Market-leading conversion and rapid growth
Payment performance
- 85% conversion rate for pay-ins– significantly higher than industry benchmarks.
- 40-50% of Blueberry's monthly deposit volume now flows through stablecoins and crypto.
Business impact
Chi-Rong commented: “Our business is growing steadily, and a lot of that comes down to the relationships we have with our payment providers – particularly BVNK, who process the majority of our stablecoin and crypto transactions.”
Operational efficiency
"With BVNK, I can always find all the information I need about a given transaction. When I need additional support, I get a fast response from the team," said Chi-Rong.
According to Chi-Rong, three key factors set BVNK apart:
- Complete infrastructure: Both crypto and banking rails built to enterprise standards.
- Partnership approach: "The team worked with us to smooth out any issues".
- Reliability at scale: "I've never had an issue that wasn't resolved"
What's next
As Blueberry continues to grow, they're exploring deeper collaboration with BVNK, including evaluating Layer 1 capabilities and considering how BVNK's expanding product suite could support their evolution from CFD broker to broader financial services provider.
"We're always looking to push boundaries and differentiate ourselves. We're definitely interested in exploring this partnership further," said Chi-Rong.
*Data provided by Blueberry.
