Susquehanna Joins TP ICAP Digital Asset Platform As Market Maker Ahead of Launch

Susquehanna’s digital assets division has signed on as a market maker to TP ICAP’s Digital Asset Platform, slated to launch later this year.

The division will offer liquidity for the platform, which will include a wholesale electronic over-the-counter (OTC) marketplace for spot crypto asset trading.

“Susquehanna has long been a liquidity supplier in the spot markets for digital assets, as well as different futures and derivative markets. This TP ICAP – Susquehanna cooperation combines the infrastructure and connectivity that investors desire with the liquidity they need,” said Ben Hessels at Susquehanna Digital Assets.

TP ICAP has already received support from a number of market makers, including Virtu Financial, Flow Traders, and Janes Street. At the same time, the company is awaiting regulatory clearance from the U.K. Financial Services Authority.

“It’s great news to be welcoming another highly-regarded liquidity provider to the platform, adding greater liquidity and bringing deep expertise for our global network of clients,” said Simon Forster, co-head of digital assets at TP ICAP.