World’s Largest Interdealer Broker To Launch Crypto Platform – June 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $35,654

Bitcoin price is making a break above the $35,000 mark to begin Tuesday, after building solid support in the $34,000s yesterday.

Top-20 altcoins are looking strong, as Ethereum gains another 9%, XRP rises 8% and Internet Computer charges ahead with a 17% gain.

Top Stories for June 29, 2021 πŸ”₯

πŸ‘‰ World’s Largest Interdealer Broker To Launch Crypto Platform

The world’s largest interdealer broker, TP ICAP, will be launching a cryptocurrency trading platform in partnership with Fidelity Digital Assets.

TP ICAP’s platform is designed to make it easier for institutional clients to trade crypto assets. These clients currently find it difficult to do so, due to execution venue requirements.

The platform will need to register with the UK’s Financial Conduct Authority (FCA) and is set to launch by the end of 2021.

πŸ‘‰ Mexico Warns Financial Institutions Regarding Crypto Operations

Financial authorities in Mexico have clarified that cryptocurrencies are not legal tender in the country, adding that financial institutions operating with them will be subject to sanctions.

The warning has come right after news of Billionaire Ricardo Salinas Pliego’s statement that his bank Banco Azteca may begin accepting Bitcoin.

πŸ‘‰ Morgan Stanley Owns Over 28,000 GBTC Shares Through Europe Fund

Multinational Investment bank Morgan Stanley has purchased over 28,000 shares of Grayscale’s Bitcoin Trust (GBTC), via its Europe Opportunity Fund.

Morgan Stanley has been increasing its presence in cryptocurrency over the last several months, allowing some of its funds to invest directly into Bitcoin in April.