TP ICAP, the world's biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered's digital assets custody unit, the consortium said on Tuesday.
Institutional investors have warmed to the crypto sector this year and the platform, which is due to launch in the second half of the year, will initially allow them to trade bitcoin, with second-largest token ether to be added later.TP ICAP, along with Fidelity Digital Assets and Zodia Custody, launched by the venture capital arm of Standard Chartered and Northern Trust in December, is seeking to make crypto trading akin to that of traditional assets like stocks, bonds and foreign exchange.
At present, crypto execution and custody services are usually rolled up in one venue, increasing credit risks. Amsterdam-based Flow Traders will provide liquidity to the platform. Still, the move is the latest endorsement of the sector by Standard Chartered, whose venture capital unit said earlier this month it will set up a separate crypto brokerage and exchange platform in Britain and Europe, with Hong Kong's BC Technology Group.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK, Singapore launch talks on digital trade agreementBritain and Singapore will on Monday start negotiations on a new digital trade agreement that could remove barriers, part of London's push to become what it calls a 'global tech powerhouse' post-Brexit. Since completing its exit from the European Union at the end of last year, Britain has been pressing ahead with new trade deals especially with countries in the Indo-Pacific region, with the most recent agreement signed with Australia. Digital trade is seen as key by the government to support British tech companies in capitalising on investment opportunities abroad to try to help a post-COVID recovery. DEAs are the way forward.
Source: YahooSG - 🏆 3. / 71 Read more »
Financial watchdog orders crypto exchange Binance to stop regulated activities in UKBritain's Financial Conduct Authority (FCA) ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bitcoin shrugs off UK crackdown on major crypto exchange BinanceBitcoin on Monday shrugged off a move by Britain's financial watchdog to target the major Binance exchange, in the latest sign of regulatory ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Exclusive: White House prepares order directing agencies to consider antitrust concerns - sourcesThe White House is working on an antitrust executive order that aims to push government agencies to consider competition concerns in their ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: SoftBank shrinks robotics business, stops Pepper production - sourcesSoftBank Group Corp is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »