TP ICAP Launches Spot Bitcoin Trading as Crypto Winter Lingers

TP ICAP Group Plc’s crypto spot trading platform completed its first Bitcoin trade, as a growing list of traditional financial firms expand their digital-asset services.

The platform, Fusion Digital Assets, is aimed at institutional market participants and currently supports trading in Bitcoin and Ether against the US dollar. Fidelity Digital Assets is providing trade settlement and custody for assets on the platform, which launched earlier this week, the world’s largest interdealer broker said in a statement. The venue is registered with the UK’s Financial Conduct Authority and plans to expand the assets available based on demand, TP ICAP ...