TP ICAP™, a digital currency trading platform and wallet, has announced the launch of its own cryptocurrency trading platform. The platform, which is based on blockchain technology, will allow users to trade the digital currency bitcoin (BTC) with other cryptocurrencies.
The crypto market is a wild west that is full of investors looking for the next big profit. This has led to a complete lack of regulations for the industry which has resulted in high risk, high reward trades. This is what TP ICAP is trying to change.
The number of cryptocurrencies on the market today has exploded in recent years—a whopping 1,800 unique coins and tokens have been introduced to date. While the rapid growth has been exciting for investors, it’s also left many wondering what happens to all of these new coins when they die. The answer is that they aren’t exactly dead—they just need a place to go.
Summary of the situation– UK regulated crypto-currency exchange platform promises to boost bitcoin
– Microstrategy, like other institutional entities, is investing in bitcoin when its price falls.
TP ICAP, one of the world’s top brokers, announced the launch of its crypto-currency trading platform this Tuesday. This is done in collaboration with Fidelity Investments and Standard Chartered.
With this new partnership, the company aims to make trading in cryptocurrencies very similar to trading in stocks, bonds and currencies. This platform will provide a post-trade ecosystem with a cryptocurrency system and separate settlements. This reduces the risk caused by institutional actors.
Bitcoin will benefit from this updated crypto currency trading platform, which is also suitable for beginners. Although there are no important details about the new crypto website, it will be updated.
FCA-approved TP ICAP platform for crypto currency trading
The UK Financial Conduct Authority has approved this cryptocurrency trading platform according to its rules. First, the Bitcoin token is added to the network, followed by other tokens such as Ethereum and DOGE. The FCA has shown its attraction for ICAP TP and this support has enabled many UK citizens to use this device without difficulty.
Ducan Trenholm, co-director of TP ICAP, notes that investor interest in the platform has increased dramatically over the past six months. In the many conversations Trenholme has had with his clients, many have expressed a desire to share their guardian responsibilities. This is the opposite of the ecosystem that exists on the platform.
New cryptocurrency trading platform meets regulatory requirements
The cryptocurrency exchange platform is launching futures and alternatives to bitcoin on the CME in 2019. In fact, other alternative products are being introduced, including full return swaps and non-deliverable futures.
The cryptocurrency trading platform complies with regulations announced by several countries, including the UK. Cryptocurrencies face regulation in Japan, China, the UK and the US.
Investor interest in cryptocurrencies has been on the rise since last year’s boom. Cryptocurrencies lost value in May due to stricter Chinese legislation on mining farms.
However, Microstrategy recently announced that it is investing $489 million in bitcoin as a strategy. The digital finance company is taking advantage of BTC’s downward trend and expects it to eventually rise. Although bitcoin trades between $30 and $40 billion, expectations for its growth are high.
This new announcement from TP ICAP is good for bitcoin and other crypto-currencies recovering from their losses. Many investors in the UK can benefit from this new platform to enter the cryptocurrency market. All this comes after the UK banned Binance Markets Limited for not following its rules.As of today, the ICAP Spot Index is now showing a +2.7% gain for the week. This is a welcome change, after a 2.9% decline last week. For the week, the index is up 2.1% from yesterday when all the gains we saw were reversed. The index has gained 3.4% month-to-date with a +5.5% gain for August.. Read more about whales in crypto trading and let us know what you think.
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