TP ICAP is one of the world’s largest interdealer brokers, with a presence in over 30 countries. The company has now entered the crypto space, bringing spot trading to institutional clients. This move is a significant step towards mainstream adoption of crypto as an asset class.
TP ICAP Brings Crypto Spot Trading to Institutions
TP ICAP has partnered with Fidelity Digital Assets and ZUBR, a digital assets derivatives platform, to offer spot trading in Bitcoin, Ethereum, and Litecoin to institutional investors. The service will be available in the coming weeks, subject to regulatory approval.
By partnering with Fidelity, a household name in the investment management industry, TP ICAP is tapping into a pool of institutional clients who may have been hesitant to enter the crypto space without a trusted partner. Meanwhile, ZUBR’s expertise in digital asset derivatives adds an extra layer of sophistication to the offering.
The Impact of TradFi Giant TP ICAP’s Crypto Move
TP ICAP’s move into the crypto space is a significant one. As a major player in traditional finance, the company’s entry could help bridge the gap between the traditional and crypto worlds. By offering a trusted platform for institutional clients to trade crypto, TP ICAP is helping to legitimize the asset class.
Furthermore, TP ICAP’s move could also help to increase liquidity in the crypto markets. As more institutional investors enter the space, there will likely be an increase in demand for trading services. This, in turn, could lead to increased liquidity, making it easier for traders to enter and exit positions.
Overall, TP ICAP’s move into crypto spot trading is a positive step for the industry. By bringing a trusted and reputable partner into the space, institutional investors may feel more comfortable exploring the world of crypto. This, in turn, will likely lead to increased adoption and liquidity, which could ultimately benefit the entire industry.