Stablecoins, traded
at Lightning speed.
Bitcoin and wrapped stablecoins, traded over Lightning. Firm quotes, settled in under a second, keys that stay yours.
Atomic settlement
Trading pairs
You hold every key
The dollar, settled
on Bitcoin.
Wrapped dollars move over the same channels as Bitcoin itself, with the same finality. One rail for both sides of every trade.
Bitcoin and stablecoins,
one channel away.
Your channel is your account
Opening a Lightning channel to the hub is the whole onboarding. Your balances live inside it, and come back to you on-chain whenever you close.
The hub quotes both sides
The hub holds inventory on every channel and streams indicative prices. A firm quote holds its rate for fifteen seconds, at size, with no slippage.
Settlement is atomic, always
Every trade is two legs locked to one payment hash, settled together. There is no moment where the venue holds your side and owes you the other.
Trading
From nothing to settled
in four steps.
No order book to learn, no custodial deposit to make. You deal on firm quotes against the hub, and settlement is measured in milliseconds instead of days.
Activate Lightning.
Generate a wallet in your browser, pick a capacity tier, and sign one funding transaction. Two confirmations later your channel is live.
Request a firm quote.
Pick a pair, a side, and a size. The hub returns a numbered ticket with a firm rate, held for fifteen seconds. What you see is what settles.
Execute atomically.
Both legs lock to one payment hash and settle together in under a second. Partial fills and failed halves cannot exist.
Keep the record.
Every executed ticket becomes a permanent settlement record, its preimage as proof. Your ledger is yours, verifiable line by line.
Agentic trading
The future of agentic
trading is here.
Lightning settles fast enough for software to trade the way software thinks. Your agent deals on the venue's tools. Your keys and limits hold.
Download the desk
The venue as an MCP server, every action a typed tool call.
Connect your agent
Claude, or anything that speaks MCP. Same tickets, same settlement.
You set the guardrails
Caps, limits, allowlists. Enforced by the signer in your browser.
Commonly asked
questions.
The short version of everything a new counterparty asks us. For anything else, write to us and a person answers.
No. Your keys are generated in your browser and stay there. The venue is your counterparty on trades, not your custodian: it can quote and settle against you, but it cannot move your balance without a signature only you can produce.
Balances inside a Lightning channel between you and the hub. Bitcoin sits as channel liquidity; wrapped USDC and wrapped USDT are token allocations bound to the same channel. Close the channel and everything returns to you on-chain in one settlement transaction.
Fully reserved representations of USDC and USDT issued as Bitcoin-native tokens, redeemable one to one with the underlying. They exist so dollar balances can settle over Lightning with the same finality as Bitcoin itself.
The spread in the quote, and nothing else. Firm quotes on the Bitcoin pairs carry a ten basis point spread; the stablecoin cross runs at four. There are no deposit, withdrawal, or settlement fees during the pilot.
Your funds do not depend on the hub staying up. The channel can always be closed on-chain from your side, returning your Bitcoin and token allocations to your own wallet. The worst case is waiting for a Bitcoin confirmation.
Not yet. The venue runs on test networks while the flows are refined with a pilot cohort. Quotes, balances, and settlement records behave exactly as they will in production.
Early access
Be first to the market.
SQRL Markets opens to a pilot cohort first. Tell us who you are and we will hold you a place.
