Major Trading Broker TP ICAP Launches Fusion Digital Asset Trading Platform
On May 24, major trading broker TP ICAP announced it has processed its first cryptocurrency trade on its Fusion digital asset platform. The institutional platform segregates the trading process similar to traditional financial markets, with independent vendors handling trade execution, custody, and settlement. Last year, it received approval from UK regulator FCA to operate as a cryptocurrency exchange. The first trade was Bitcoin against USD, with initial support for Ethereum as well.
On May 24, major trading broker TP ICAP announced it has processed its first cryptocurrency trade on its Fusion digital asset platform. The institutional platform segregates the trading process similar to traditional financial markets, with independent vendors handling trade execution, custody, and settlement. Last year, it received approval from UK regulator FCA to operate as a cryptocurrency exchange.
The first trade was Bitcoin against USD, with initial support for Ethereum as well. Fidelity Digital Assets is the first supported custody provider, with plans to add more custodians.