A new platform from TP ICAP, which will be presented this year, will allow institutional investors to trade bitcoin. Ethereum support is planned to be added later
The world’s largest inter-dealer broker TP ICAP will launch a cryptocurrency trading platform in partnership with Fidelity Investment and Standard Chartered, writes Reuters .
The launch of the site is scheduled for the second half of this year. Initially, only Bitcoin will be presented on it, later it is planned to add Ethereum.
The crypto platform is targeted at institutional level investors. TC ICAP, together with Fidelity Digital Assets and Zodia Custody (a division of Standard Chartered), as well as Northern Trust, plan to bring cryptocurrency trading as close as possible to traditional assets. This is supposed to attract large investors to the emerging digital asset market.
The site is awaiting approval from the UK financial regulator. TC ICAP reported that Standard Chartered and Fidelity Investments did not invest in the creation of a new crypto platform.
In 2019, TP ICAP provided customers with the ability to buy and sell Bitcoin futures through the Chicago Mercantile Exchange (CME). The company now plans to provide other cryptocurrency trading tools as well.
