Bitcoin
$ 37,958
Ethereum
$ 2,307.7
Litecoin
$ 135.94
okex ads

Standard Chartered, Fidelity, TP ICAP to Launch Cryptocurrency Trading Platform

Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.”

  • TP ICAP, a leading provider of market infrastructure, announced Tuesday that it is launching a cryptocurrency trading platform in collaboration with Fidelity Digital Assets, Zodia Custody, and Flow Traders.
  • The new platform is subject to registration with the U.K. Financial Conduct Authority (FCA).
  • It “will feature a wholesale electronic marketplace for spot cryptoasset trading, including bitcoin and ethereum, as well as providing connectivity and post-trade infrastructure into a network of digital assets custodians,” the announcement details.
  • TP ICAP launched its digital asset business in 2019, enabling clients to trade crypto derivatives products.
  • Simon Forster, co-head of digital assets at TP ICAP, commented:

 Client demand to trade spot cryptoassets is significant and growing, with interest coming from our traditional customer base across the different asset classes we operate in.

  • Flow Traders, which has been providing liquidity to crypto markets since 2016, will be one of the initial liquidity providers on this new platform.
  • Zodia Custody is a digital asset custodian for institutional investors, established by Standard Chartered Bank to address the need for a digital asset custodian that truly understands custody.
  • The announcement notes:

The platform has already started to onboard clients and will launch to the market in the second half of the year.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

AFRICAN WEEKLY REVIEW
July 26, 2021By
India: WazirX Partners with TRM Labs to Detect Crypto Fraud Transactions
July 26, 2021By
Wyoming Authorities Officially Recognize the First DAO in the United States
July 26, 2021By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin37,958 1.71 % 10.54 % 18.92 %
Ethereum2,307.7 1.65 % 7.41 % 21.09 %
Tether0.9967 0.26 % 0.53 % 0.60 %
Binance Coin313.68 1.92 % 4.92 % 3.09 %
Cardano1.320 1.74 % 8.28 % 10.86 %
XRP0.6479 2.08 % 7.73 % 9.86 %
Dogecoin0.2177 2.85 % 10.48 % 18.12 %
USD Coin0.9931 0.88 % 0.77 % 1.19 %
Polkadot14.45 2.59 % 7.76 % 13.10 %
Binance USD0.9872 1.43 % 1.32 % 1.75 %

You have not selected any currencies to display