TP ICAP, the world's largest interdealer broker, has plans to launch a cryptocurrency trading platform together with Fidelity Investment and Standard Chartered, The Block has reported.
The launch of the platform is expected to take place during Q2 2021. It should be noted initially only Bitcoin will be available, while Ether will be added later.
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The new cryptocurrency platform is aimed at institutional investors. TC ICAP's goal is to bring cryptocurrency trading closer to traditional assets. This is supposed to add large investors to the emerging market for digital assets.
The platform is yet to receive approval from the UK financial regulator.
TP ICAP started in 2019 to offer its customers the ability to buy and sell Bitcoin futures through the Chicago Mercantile Exchange (CME). The company now plans to offer other crypto trading tools as well.