Global institutional prime brokerage firm LTP has announced its acquisition of Turing Capital Brokerage (TCB), a Spanish brokerage firm regulated by the Bank of Spain under the Markets in Crypto-Assets (MiCA) framework.
The move expands LTP’s compliant digital asset brokerage services in the European market, the firm said in a Thursday press release.
TCB, founded by Jorge Schnura, Javier Garay, and Leopoldo Moreno de la Cova Ybarra, has played a key role in developing MiCA-compliant services in Spain.
TCB Rebrands as LTP Spain Following Acquisition
The acquisition will see TCB rebranded as Liquidity Technology S.L. (LTP Spain), integrating LTP’s advanced trading infrastructure, deep liquidity network, and global client base.
The partnership aims to enhance execution efficiency and broaden institutional offerings while ensuring full regulatory compliance.
Leopoldo Moreno de la Cova Ybarra will take on the role of Head of LTP Spain, leading the expansion efforts, while Jorge Schnura will continue as an advisor.
“This acquisition marks a significant step in our mission to provide regulated, institutional-grade digital asset services on a global scale,” Jack Yang, Founder and CEO of LTP, said.
“With LTP Spain’s MiCA-compliant adaptability and deep-rooted expertise in the European market, we are poised to deliver unparalleled access and liquidity to our institutional clients.”
In February, LTP announced that its Hong Kong subsidiary, LiquidityTech Limited (LTP HK), has secured multiple licenses from the Hong Kong Securities and Futures Commission (SFC).
These included approvals for dealing in securities and futures, advising on securities and futures, and asset management, making LTP HK the first virtual asset-focused prime brokerage licensed for multiple regulated activities.
Bitstamp and LTP Join Forces for Institutional Crypto Trading
Last year, crypto exchange Bitstamp and LTP partnered to offer institutional clients enhanced trading solutions and greater access to liquidity.
As part of the collaboration, LTP’s clients gain simplified access to Bitstamp’s extensive liquidity pools, including lending and credit line solutions.
As institutional investor interest in digital assets continues to grow, more traditional exchanges and brokers are launching crypto-related products to meet this demand.
For one, the Chicago Mercantile Exchange (CME) Group debuted its Bitcoin Friday Futures (BFF) in late September.
The BFF experienced a record-breaking first day, with over 31,498 contracts traded across two contract weeks.
On Nov. 25, MIAX Sapphire Options Exchange submitted revised rules to start listing options on three Bitcoin exchange-traded funds (ETFs): Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).
The move followed similar listings by major exchanges such as Nasdaq, Cboe and NYSE, which have been expanding options trading for crypto ETFs.
The post LTP Acquires Spain’s Turing Capital Brokerage to Expand MiCA-Compliant Crypto Services appeared first on Cryptonews.
