Today TP ICAP, the world’s largest interdealer broker, announced that the first cryptocurrency trade was processed on its Fusion Digital Assets platform.
The institutional platform segregates the transaction process in a similar way to conventional financial markets, with separate providers performing trade execution, custody and settlement. Last year it received approval as a crypto exchange from UK regulator, the FCA.
The first trade was Bitcoin against US dollars, and it will also support Ether initially. Fidelity Digital Assets is the first custodian supported, with plans to add more.
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