30th Jun 2021 14:44
TP ICAP Ltd - London-based interdealer broker - On Tuesday reveals plans to launch wholesale trading platform for crypto assets, including Bitcoin and Ethereum. Says the platform will be developed with leading crypto assets custodians Fidelity Digital Assets SM and Zodia Custody, alongside Flow Traders, a liquidity provider specialising in exchange-traded products.
"The firms have collaborated to develop a new trading model where clients will be able to access liquidity at TP ICAP whilst their assets remain under custody at their digital asset custodian of choice, providing a level of security that institutional investors expect. Fidelity Digital Assets and Zodia Custody will provide custodian services to the new platform," the company says.
"TP ICAP launched its Digital Assets business in 2019, enabling clients to trade cryptoasset derivatives products; this new trading platform for the spot market significantly expands the firm’s footprint in this fast-growing area," the company adds.
Current stock price: 199.16 pence, down 3.3% on Wednesday afternoon
Year-to-date change: down 6.2%
By Scarlett Butler; [email protected]
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