UK's LMAX launches institutional crypto platform in London

Posted 22 May, 2018

LMAX Exchange Group is reportedly going to open the first platform for institutional investors in the UK – LMAX Digital.

As commented the company spokesperson, the exchange will be located in Londaon and initially deal with BTC, ETH, BCH, LTC.

"We are furthering the legitimization of the cryptocurrency market by offering institutions a platform on which to acquire, trade and hold cryptocurrencies securely with high quality, deep liquidity,” said David Mercer, CEO of LMAX Exchange, adding that institutional crypto trading can bring dramatic changes to the market.

According to the press release, traders and investors will also get some bonuses on the platform, like single public rules and solutions for crypto assets storage.
For reference, the parent company – LMAX Exchange – was created in 2010 as an exchange for numerous currencies and has processed a massive amount of transactions since ever.

"Over $10 trillion of FIAT has been traded on our exchanges to date and we have institutional clients in over 100 countries," commented company CEO, "We’ve applied everything we’ve learned in the institutional FX market to LMAX Digital, to create a fundamentally improved, secure digital exchange based on our proven trading technology, market-leading liquidity and transparent and precise execution." 

It worth mentioning, the company expressed intentions to launch offices in Tokyo and New York to boost the quality of client services.

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22 May, 2018 17:12

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