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TP ICAP, the world’s largest inter-dealer broker, has begun offering crypto-linked exchange-traded products (ETPs) services to clients, once again demonstrating the growing mainstream adoption of digital assets. While the firm currently only trades ETPs in Europe, it plans to launch in the US in eight weeks. Simon Forster and Duncan Trenholme, TP ICAP digital assets’ co-heads, said “trading an equity-linked product on an exchange is probably the easiest way for clients to get comfortable with digital assets, the firm had been active in trading ETPs such as ETC Group’s physical bitcoin product, BTCE.”
As the situation across Kazakhstan gradually normalizes, the Data Center Industry and Blockchain Association of Kazakhstan (NABCD) has revealed that the riots have not affected regions where official crypto mining companies are operating. Power supply restrictions previously imposed on legal mining entities in Kazakhstan have also been lifted. The selling pressure of BTC is slightly lower compared to last week. BTC price was down 1.7% over the last 24 hours and touched the $40,000 psychological level in the afternoon. As crypto prices fall, fund investors remain bearish. Data from CoinShare shows that digital asset investment products saw a record weekly outflow of $207 million in the seven days through Jan. 7.
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