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TP ICAP’s crypto heads target tradfi clients as trading platform nears launch

As the interdealer broker gears up to launch crypto exchange Fusion this year, FN speaks to the men behind it

TP ICAP’s joint heads of digital assets, Simon Forster and Duncan Trenholme
TP ICAP’s joint heads of digital assets, Simon Forster and Duncan Trenholme

While all eyes were trained on FTX last November, the world’s largest interdealer broker, TP ICAP, got a registration to start a crypto exchange.

Large financial firms will soon be able to trade spot crypto via a new brand, Fusion Digital Assets. Approval from the Financial Conduct Authority is one of the surest signs yet that traditional finance is getting serious about the asset class. 

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