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These are the latest big names moving into cryptocurrency trading
Interdealer broker TP ICAP is the latest big name with plans for a cryptocurrency trading platform.
The British based company said on Tuesday it will launch a wholesale trading platform for crypto assets, working in collaboration with Fidelity Digital Assets, Zodia Custody and Flow Traders.
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Institutional investors have become more interested in the crypto sector and in a separate announcement Germany’s Deutsche Börse has taken a majority stake in Crypto Finance AG of Switzerland which provides services to institutional investors trading in digital assets.
The new TP ICAP platform, which is subject to registration with the U.K. Financial Conduct Authority, will feature a wholesale electronic marketplace for spot crypto asset trading, including bitcoin BTCUSD, +0.90% and Ethereum ETHEUR, +0.58% , as well as providing services into a network of digital assets custodians.
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Simon Forster, co-head of digital assets at TP ICAP, said: “Client demand to trade spot cryptoassets is significant and growing, with interest coming from our traditional customer base across the different asset classes we operate in.”