LMAX
Digital, a pioneer in the institutional adoption of cryptos and an integral
part of the LMAX Group, is celebrating its fifth year of operation. Since its
launch in 2018, LMAX Digital has set new standards in the digital assets
ecosystem and emerged as the fastest-growing exchange within the LMAX Group,
trading $1 trillion in cryptos.
LMAX Digital Summarizes
Five Years Crypto Journey
In its
five-year journey, LMAX Digital has not only reached an impressive milestone in
trading volumes but has facilitated more than 190 million trades, with over 37
million Bitcoin equivalent coins. LMAX Digital boasts a diverse client base
with 750 global investors on board and offers 24 cryptocurrency pairs to its
institutional clients.
“We’re
delighted to be marking five years of success at LMAX Digital,” David Mercer, the
CEO of LMAX Group, commented. “We have no doubt that the future of all
traditional assets and capital markets more broadly is digital.” Mercer anticipates dynamic growth for digital
assets as regulatory frameworks get established worldwide, which he believes
will open gateways to institutional capital.
According
to LMAX Group’s most recent financial report from November 2022, LMAX Digital
volumes reached over $500 billion during its fiscal year 2021. In May this
year, the company partnered with Zodia Custody, providing institutional-grade
trading infrastructure to CoinShares, one of the leading European alternative
asset managers specializing in cryptocurrencies.
Happy birthday, LMAX Digital!This week, LMAX Digital turns five. Since being launched in 2018 the team has gone from strength to strength, developing a robust, reliable #digitalassets exchange for global institutions.Here’s to the next five years!#LMAXDigital#DigitalAssetspic.twitter.com/SPxwGfEOU8
— LMAX Group (@LMAX) May 25, 2023
LMAX Digital Connects
TradFi and DeFi
Jenna
Wright, the Managing Director of LMAX Digital, emphasized the platform’s unique
position in being able to bridge the gap between traditional finance (TradFi)
and decentralized finance (DeFi).
Wright
stated: “With our history in FX, we’re unique in being translators of TradFi to
DeFi through our cryptocurrency offering. This has proven to be immensely valuable
for institutions in helping to unlock capital and explore greater
electronification, democratization and efficiency in the capital markets of the
future.”
Initially
created for institutional market participants, LMAX Digital has secured its
place as the leading institutional spot exchange for cryptocurrencies. It works
with the most significant global institutions trading cryptocurrencies across Asia, Europe and the United States.
LMAX Group,
the operator of multiple institutional execution venues for forex, launched the
first institutional crypto exchange in May 2018. The exchange launched during a
period when the Bitcoin market was experiencing a significant downtrend, and
regulated crypto derivatives were merely emerging. However, five years on, the
decision has proven to be a success, considering the industry’s evolution.
This article was written by Damian Chmiel at www.financemagnates.com.
