The World Carning Company Institutional Prime LTP has announced its acquisition of Turing Capital Brokerage (TCB), a Spanish brokerage company regulated by the Spanish bank within the framework of the Crypto-Astets markets (Mica).
This decision expands the digital asset brokerage services of LTP on the European market, the company announced in a press release on Thursday.
TCB, founded by Jorge Schnura, Javier Garay and Leopoldo Moreno de la Cova Ybarra, played a key role in the development of services in accordance with Mica in Spain.
TCB strengthens the Spain LTP after the acquisition
The acquisition will see TCB renowned as SL (LTP Spain) liquidity technology, incorporating the advanced trading infrastructure of LTP, the Deep liquidity network and global customers.
The partnership aims to improve the efficiency of the execution and to expand institutional offers while guaranteeing a complete regulatory compliance.
Leopoldo Moreno de la Cova Ybarra will assume the role of head of the LTP Spain, leading expansion efforts, while Jorge Schnura will continue as an advisor.
“This acquisition marks an important step in our mission to provide regulated digital asset services of institutional quality worldwide,” said Jack Yang, founder and CEO of LTP.
“With adaptability that complies with LTP Spain and deep expertise on the European market, we are about to provide unprecedented access and liquidity to our institutional customers.”
The LTP is developing in Europe with an acquisition in accordance with mica!
The LTP is pleased to announce the acquisition of Turing Capital Brokerage (TCB), a company linked to the Spanish bank operating within the framework of the Mica. Now renamed the Spain LTP, this acquisition strengthens our capacity to … pic.twitter.com/orjxfbqlx9
– LTP _ Digital Asset Prime Broker (@LTP_PRIMEBROKER) March 20, 2025
The LTP is developing in Europe with an acquisition in accordance with mica!In February, the LTP announced that its subsidiary of Hong Kong, LiquidityTech Limited (LTP HK), obtained several licenses from Hong Kong Securities and Futures Commission (SFC).
These included approvals for the processing of securities and term contracts, advising on securities and term contracts, and asset management, making HK LTP the first leading brokerage focused on virtual assets for several regulated activities.
Bitstamp and LTP join forces for institutional cryptography trade
Last year, Crypto Exchange Bitstamp and LTP joined forces to offer institutional customers improved trading solutions and better access to liquidity.
As part of collaboration, LTP customers have simplified access to the vast bitstamp liquidity pools, including loan and line of credit solutions.
While the interest of institutional investors in digital assets continues to grow, more traditional exchanges and brokers launch products related to crypto to meet this demand.
On the one hand, the Chicago Mercantile Exchange (CME) group made its debut in late September to its Bitcoin Friday Futures (BFF).
The BFF had a record first day, with more than 31,498 contracts negotiated over two weeks of contract.
On November 25, Miax Sapphire Options Exchange submitted revised rules to start registration options on three Bitcoin exchangers (ETF): Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BitB).
This decision followed similar lists by major exchanges such as Nasdaq, CBOE and NYSE, which have expanded the negotiation options for the Crypto ETF.
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