UK exchange plans to add new stablecoin trading pairs, with trading volume exceeding $1 billion in September

Reflecting the broader boom in the digital asset sector, the cryptocurrency spot trading platform of UK broker TP ICAP plans to begin offering stablecoin trading pairs.

Simon Forster, TP ICAP's global co-head of digital assets, said Fusion Digital Assets currently offers spot trading in Bitcoin and Ethereum for institutional market participants and plans to add these additional assets in the first half of next year. The exchange announced that its monthly trading volume exceeded $1 billion for the first time in September, representing five times the volume processed a year earlier, and has averaged 85% monthly growth in notional trading volume over the past 12 months.