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.

Previous story

22 May, 2018 17:12

← Tuesday marked by weaker cryptos and Canaan's IPO

The crypto market is drifting downwards on Tuesday. On the Bitfinex, bitcoin is priced at some $8,226, while the Ethereum, the second major coin, changes hands on this platform at $685. Ripple is quoted at $0.66536 and Litecoin price was at $132.99. Despite weaker cryptos, the top-2 producer of mining facilities intends to get $2 billion from IPO slated for July.

Tuesday marked by weaker cryptos and Canaan's IPO

Next story

22 May, 2018 10:34

US dollar no longer at peak, insiders wait for Federal Reserve meeting minutes →

The US dollar upturn has slowed down on Tuesday – trading was recorded below the 5-month high. The dollar had expanded positions on higher state-bond yields and US-China trade issue easing. The US Dollar index was recorded at 93.593 after hitting the peak at 94.058 observed a day ago. Traders probably booked some profit from stronger dollar seeing...

US dollar no longer at peak, insiders wait for Federal Reserve meeting minutes
Write a comment
 
Prove you’re not a bot + 6 = 20