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TP Icap takes first steps into cryptocurrency derivatives

Interdealer broker is exploring other opportunities in the digital assets sector

TP Icap, the world’s largest interdealer broker, has launched a business that could spur trading in bitcoin futures. This taps into a resurgence of the cryptocurrency, which hit its highest level in over a year on June 16.

The broker has set up a new digital assets trading business that will offer trading in the bitcoin futures contracts from CME Group, the US exchange, according to a statement on June 17.

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