World’s Biggest Interdealer Broker is Launching an Institutional Crypto Trading Platform

Reading Time: < 1 minute

TP ICAP, the world’s largest interdealer broker, has just announced it is working on the development of a cryptocurrency trading platform aimed at institutional investors, according to The Block.

The company is working together with Fidelity Digital Assets and Standard Chartered to develop the platform, whose launch is scheduled for the second quarter of the year.

According to sources, the idea behind this new platform is to offer institutional clients an easy way to enter the cryptocurrency market avoiding the current pre-funding requirements.

While the work is already in progress, the platform still needs to be approved by the Financial Conduct Authority (FCA), the British financial regulator, before it can go live.

Institutional clients will be able to stop trade Bitcoin and Ether on the new platform.

We should remember that TP ICAP is neither the first nor the last financial company to enter the cryptocurrency industry after well-known firms like Goldman Sachs, Citigroup and Morgan Stanley have previously launched their own crypto initiatives.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!