INSIGHTS

Alongside offering technological and financial solutions from the world of Blockchain to our Institutional client base, TP ICAP Digital Assets endeavours to provide research and information to help connect the dots and educate those just beginning to engage with the world of Blockchain-based value. Scroll to engage with some of our news coverage as well as some thought pieces from the team.

Thought Piece

25 March 2024

Digital Assets - March 22nd Market Update
  • Euphoria at new Bitcoin all-time-highs remains short lived as price collapsed over 15% just days after, due to a shifting macro outlook and growing ETF outflows.
  • Dencun upgrade goes live on Ethereum, allowing for cheaper transactions across layer 2's. This bullish catalyst falls short in terms of realised price movement as hope for an imminent approval on a spot ETH ETF dwindles.
  • Solana has continued to outperform across this period, retracing less than most other altcoin's and actually rallying compared to Ether, as memecoin mania drives further retail attention to the Solana ecosystem.

News

21 February 2024

CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures on March 18

CME Group, the world's leading derivatives marketplace, today announced it plans to further expand its cryptocurrency derivatives offering with the addition of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review.

Thought Piece

16 February 2024

Digital Assets - February 15th Market Update
  • The market for Bitcoin chops; initially falling ~20% post US spot ETF approval before rallying back over 35% to reclaim the $50k level not seen since 2021.
  • Redemptions of Grayscale's GBTC seem to be at least partially responsible for the sell off, despite net positive inflows for the ETFs as a whole.
  • Excitement continues to brew around the possibility of an Ethereum spot ETF in the coming months, despite Gensler stressing that this recent approval was specific to Bitcoin only. 

News

05 February 2024

FalconX and TP ICAP Partner to Enhance Liquidity and Bridge Cryptoasset Ecosystem with Traditional Financial Markets

FalconX, the world's largest institutional digital asset prime broker, announces integration with Fusion Digital Assets, TP ICAP's FCA-registered UK cryptoasset exchange

Thought Piece

17 January 2024

Digital Assets - January 16th Market Update
  • After over 10 years since the first application, the US SEC approves the first spot Bitcoin ETF for trading on 11th Jan. 
  • Ethereum sees increased flows and price action as the market looks to capitalise on ETHs underperformance in light of ETF speculation. 
  • TradFi moves further into the weeds of crypto, seeing institutions mining, minting stablecoins and tokenising funds. 

Thought Piece

08 December 2023

November 2023: Digital Assets Market Update
  • Binance plead guilty to money laundering and settled with the DOJ; leading to the stepdown of Changpeng Zhao as CEO and $4.3 Billion to be paid.
  • Bitcoin and the market as a whole responds well, with price action remaining bullish across the board
  • However, the biggest winners are a handful of previously undervalued alts that have seen significant inflows. Such as, Solana rallying to just less than $70 with ecosystem tokens like BONK increasing 655% on the month.

News

06 December 2023

Deltix CryptoCortex Trading Platform Integrates with TP ICAP's Fusion Digital Assets Exchange

The integration offers increased liquidity venues for institutional investors to trade digital assets

News

23 November 2023

How Binance’s $4bn fine will speed up the finance industry’s crypto land grab
  • Changpeng Zhao has agreed to step down as CEO of Binance after the exchange agreed to pay $4.3 billion to US authorities.
  • JPMorgan says Binance’s settlement may see traditional finance firms accelerate their crypto land grab.

News

23 November 2023

Binance-weary investors flock to regulated exchanges in ‘steady trend’
  • The CME remains the go to for Bitcoin futures traders as open interest climbs above $4.1 billion.
  • Binance continues to lag its highly regulated counterpart amid ongoing scrutiny from regulators and law enforcement.

News

21 November 2023

Wintermute Asia Announces Integration with CME Group, Executing its First Block Trade

Singapore – November 21, 2023 – Wintermute Asia Pte. Ltd (“Wintermute Asia”), the digital asset derivatives trading arm of the Wintermute Group, the leading algorithmic trading firm and liquidity provider in digital assets, today announced that it has executed its first options block trade through CME Group. The BTC/USD block was traded between Wintermute Asia and TP ICAP and was cleared by ABN AMRO Clearing Bank N.V.