TP Icap Proclaims Milestone in Digital Assets Business

Fusion Digital Assets, the crypto asset exchange under the TP Icap umbrella, says it surpassed $1 billion in notional traded volume across its spot bitcoin and ether order books in September.

Taking out weekends, although crypto assets are traded 24/7, this amounts to around $43 million-worth of notional value traded each day. With bitcoin prices around $110,000 for much of the month, this is around 400 coins per day.

“The digital asset landscape is at a critical inflection point, evolving from a niche asset class into a core component of the global financial ecosystem,” says Simon Forster, global co-head of digital assets at TP Icap. “This transition driven by more sophisticated trading participants requires institutional-grade infrastructure built on the foundations of liquidity, transparency, and trust – precisely what we’ve built with Fusion Digital Assets.”

Forster previewed an extension into the current hot market sector in stablecoins, by adding, “Looking ahead, we are positioned to scale by opening Fusion Digital Assets to TP Icap’s entire global client base as they come online to digital assets. Our APIs and operating model are designed to be asset-agnostic, ready to support on-chain assets like stablecoins. We are focused on enhancing our product, prioritising capital and operational efficiency, whilst preparing for the tokenisation of traditional assets – an area where we anticipate significant opportunity given TP Icap’s existing footprint across markets.”