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Press Release: TP ICAP announces first live trade through Fusion Digital Assets with GMEX trading and post-trade technology

Fusion Digital Assets – TP ICAP’s wholesale marketplace for spot cryptoassets – is now live and has successfully completed its first XBTUSD pairs trade with the associated settlement processed by Fidelity Digital Assets℠ London, New York, 24 May 2023: GMEX Technologies (“GMEX”), a subsidiary of GMEX Group, a leader in digital business and technology solutions for capital markets players, exchanges and post-trade market infrastructure, today announced that TP ICAP, the world’s largest interdealer broker, has gone live with its Fusion Digital Assets wholesale cryptoasset exchange, powered by GMEX trading and post trade technology.

Crypto Chaos

Despite the second-largest bank failure in US history, the Federal Reserve continued its interest rate hike strategy last week. This caused markets to react by pricing in continued monetary tightening, pushing back their expectations of rate decreases to 2024. Some have perceived this move as necessary to combat inflation, even if it comes at the cost of breaking the banking sector. Unfortunately, this sober outlook suggests that the rest of the year may be marked by more sideways action in the markets rather than a steady recovery. Meanwhile, in the

Breaking New Ground

October has been another strong month for our development team who are continuing to make breakthroughs with the NFT module aspects of Paribus. As we always say it’s never easy to do something that hasn’t been done before, and we’re lucky to have such a talented team of devs conscientiously breaking new ground. Even before our MVP hits the mainnet we’ll be ready to conduct in-house testing of various aspects of our NFT iteration. Frontend This month we’re pleased to announce that several areas of the frontend have completed the

A Strong September

Since our last development update, the team has been making remarkable progress with their work on the NFT module integrations. Not only have the frontend integrations for NFT views been successful they’ve also been progressing well with the datapoint integrations on the backend. Whereas other projects may be going into hibernation during this bear market, we’re excited to confirm that our BUIDLing is progressing at a tremendous pace. Frontend In the last update, we shared that the team was working on how to integrate the NFT views into the frontend.