TP ICAP Launches Institutional-grade Spot Crypto Trading Marketplace

TP ICAP, the world’s largest interdealer-broker, has launched its Fusion Digital Assets marketplace for spot crypto trading, making it available to institutional investors during a bear market and in the wake of a series of industry-related controversies. Simon Forster, the Global Co-head of Digital Assets at TP ICAP Group, noted that despite the lacklustre crypto-native landscape, the company’s traditional client base inspires optimism. Strict regulatory adherence is crucial for financial companies interested in serving investors, making the launch of new marketplaces a lengthy and daunting task; however, TP ICAP’s offering is tailored specifically for institutional investors and is seen as a viable option compared to vertically-integrated cryptocurrency exchanges that have potential conflicts of interest.