TP ICAP Group’s institutional crypto spot platform Fusion Digital Assets plans to offer stablecoin trading pairs in the first half of next year as volume starts to ramp up.
Summary
- TP ICAP’s digital asset platform, Fusion, plans to launch stablecoin trading pairs by mid-2026, signaling growing institutional confidence in stablecoins and their role in cross-border finance.
- Fusion’s trading volume recently surpassed $1 billion in September, rising by five-fold compared to the previous year. However, it still trails far behind retail-dominated giants like Binance.
According to a report by Bloomberg, TP ICAP Group’s digital asset platform, Fusion, is planning to add stablecoin trading pairs to its spot trading platform. The new offerings are scheduled to launch sometime in the first half of 2026, according to TP ICAP’s global co-head of digital assets Simon Forster.
The decision to add stablecoins into the fold reflect the company’s confidence in the stablecoin’s market influence over institutional investors. The firm believes that overtime, more international companies will start using stablecoins to carry out their cross-border transfers.
TP ICAP’s global co-head of digital assets, Duncan Trenholme, said that as more institutions start to swap traditional fiat-currency in favor of stablecoins, there is a strong possibility that a parallel “on-chain” version of spot FX market will emerge in the future.
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At the moment, Fusion Digital Asset already offers trading in spot Bitcoin (BTC) and Ethereum (ETH) to institutional investors. Adding stablecoin trading pairs into the mix would mark a significant step in advancing the digital asset platform’s business model.
The move comes after the stablecoin industry has been projected to grow from $300 billion in market cap to $2 trillion within the next two years. JPMorgan also predicted that more overseas institutions will start using USD-backed stablecoins to speed up transfers, boosting demand for the U.S dollar by at least $1.4 trillion.
ICAP’s Fusion experiences a boost in trading volume
ICAP’s digital asset platform, Fusion, has seen a surge in trading activity on its platform lately. In September, its monthly trading volume surpassed $1 billion for the first time since the firm was established. This number represented a five-fold leap compared to the number of trades made on the platform just a year earlier.
In addition, the London-based company claimed that nominal volumes have also been on the rise, increasing by an average of at least 85% on a monthly basis for the past year.
Although trading activity has risen significantly on Fusion, its volume is still far behind some of the biggest crypto exchange as the market is still mainly dominated by retail investors. For example, Binance sees about $28 billion in volume traded on its platform on a daily basis.
On Binance’s spot markets, the stablecoin pair USDC/USDT (USDT) is its third most traded asset with a trading volume of $2.11 billion in the past 24 hours, according to data from CoinGecko.
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