Top broker TP ICAP partners with Standard Chartered and Fidelity to launch a cryptocurrency trading platform.

The world's largest interdealer broker, TP ICAP, has partnered with Fidelity Investments and Standard Chartered to launch a cryptocurrency trading platform. This new platform aims to facilitate greater integration between cryptocurrency trading and other traditional assets such as stocks and bonds.

The cryptocurrency trading platform is a tempting piece of cake, even attracting traditional financial institutions. Zodia Custody, an institutional-grade cryptocurrency custody platform launched by Standard Chartered Bank's venture capital arm SC Ventures and financial services company Northern Trust, will collaborate with Fidelity Digital Assets and TP ICAP to launch a cryptocurrency trading platform featuring spot cryptocurrency trading and providing post-trade infrastructure for the cryptocurrency custodian network by separating execution from settlement.

This new cryptocurrency trading platform is registered in the UK and has not yet been approved by the Financial Conduct Authority (FCA) in the UK.

TP ICAP launched its cryptocurrency digital asset business in 2019, offering clients trading in cryptocurrency derivatives. Simon Forster, Head of Digital Assets at TP ICAP, believes that there is a "significant and growing" demand in the market for clients to trade cryptocurrency spot. Furthermore, clients interested in cryptocurrency come from different asset classes operated by the company.

Therefore, establishing this trading platform will help integrate clients' needs and benefits.

This article is authorized and reproduced from Horizon News Network