LMAX Exchange Group manages a leading FCA regulated trading venue and became one of the leading liquidity providers to FX brokers worldwide. They announced to launch the first physical cryptocurrency exchange. It is serving institutional clients from a long time.
LMAX is approaching a different strategy to focus on the liquid established cryptocurrencies. The currencies includes such as Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash. The users can easily trade on these coins for 24/7 through LMAX digital platform.
LMAX provides a service which aims to function as a plausible and adequate platform for cryptocurrencies to be traded on like-minded investors.
David Mercer CEO of LMAX Exchange Group elaborates as follows: –
The team is furthering to legalized the cryptocurrency market by providing institutions a platform which acquires to trade and hold cryptocurrencies securely with a high quality and deep liquidity.
Mercer claims the exchange is trading nearly $10 trillion fiat currency and the team has institutional clients in more than 100 countries. The team has applied everything which it has learned in the institutional FX market to LMAX Digital. It is helpful to create a fundamentally improved, secured digital exchange on the trading technology.
LMAX is sanguine to make a great impact on crypto market. The company plans to locate the infrastructure to New York and Tokyo in coming years, after the release of LMAX digital in a London based data center,
The platform is focused to offer a full custodian solution for crypto enthusiast. The crypto traders are expected to complete the transaction within the few seconds. The company has a record to be biggest forex liquidity providers in the world.
Well it is quite interesting to know that LMAX exchange group targets to became an institutional trader with a new platform for cryptocurrencies. Share your thoughts through Twitter and Telegram.