World Crypto Global
- Written by: Jared Kirui
- Thu, 01 Feb 2024
- Israel
The institutional digital asset prime broker FalconX has partnered with Fusion Digital Assets, TP ICAP's wholesale spot crypto asset exchange based in the UK. This collaboration aims toprovide FalconX access to competitive pricing and liquidity from TP ICAP'swholesale clients, leveraging Fusion Digital Assets' framework.According to a statement shared by the company, thisintegration is important in the evolving landscape of crypto assets,where interaction between institutional digital asset prime brokers and majorfinancial market infrastructure providers is crucial. Connecting Crypto and Traditional FinanceBy bridging the native crypto asset ecosystem withtraditional financial markets, the collaboration aims to facilitate seamlesstransactions and foster growth in the digital asset industry.Austin Reid, the Global Head of Revenue and Businessat FalconX, mentioned: "Collaborating with Fusion Digital Assets is another significantstep in our ongoing efforts to bridge traditional financial markets and thegrowing crypto asset ecosystem." "This will enhance liquidity for our clientsand foster an environment that propels growth and innovation in the digitalasset industry. It underscores our commitment to providing secure, efficient,and seamless access to the global digital asset market for our clients."Our Fusion Digital Assets exchange is built to provide deep liquidity that can be relied upon during all market conditions. That's why were excited to announce our partnership with FalconX, the worlds largest institutional digital asset prime broker. https://t.co/Iwq6qNbkoG TP ICAP Group PLC (@TPICAPGroupPLC) February 1, 2024Enhancing Crypto Liquidity and InnovationThis partnership aims to enhance liquidity andfacilitate the creation of a more connected and innovative digital assetindustry. According to the duo, the collaboration between FalconX and TP ICAP'sFusion Digital Assets will unlock new opportunities and enhance global digitalasset liquidity access.Last year, TP ICAP launched its institutional crypto exchange, Fusion Digital Assets. After securing a UK license in December 2022,TP ICAP's platform is operational for spot trading targeting institutionalcrypto investment.The platform's first Bitcoin/US dollar trading pairtransaction was facilitated in partnership with FidelityDigital Assets. This launch marked a pivotal moment for TP ICAP, which has offered crypto derivatives services since 2019, Finance Magnates reported.Fusion Digital Assets aims to expand its assetofferings in response to client demand. With plans for a multi-custody model,the platform is set to accommodate diverse investment strategies andpreferences.This article was written by Jared Kirui at www.financemagnates.com.
