TP ICAP Crypto Exchange to Add Stablecoin Pairs as Volume Jumps

TP ICAP Group Plc’s crypto spot trading exchange plans to start offering stablecoin trading pairs, as volume growth on the platform mirrors the wider boom in digital assets.

Fusion Digital Assets, which offers trading in spot Bitcoin and Ether to institutional market participants, is looking to add the additional assets in the first half of next year, Simon Forster, TP ICAP’s global co-head of digital assets, said in an interview.

The move reflects the firm’s view that over time multinational institutions will start exchanging different currency-denominated stablecoins directly, leading to the emergence of a parallel “on-chain” spot FX ...