First Institutional Cryptocurrency Exchange Launches in London; Eyes Off Tokyo, New York
On Monday, LMAX Exchange Group – a UK-headquartered financial technology company with a global presence – revealed that they’ll be launching the first physical cryptocurrency exchange that’s available exclusively to institutional clients.
Acknowledging the momentous occasion was this official press statement shared by LMAX Exchange on Monday. In it, the prominent FCA regulated trading venue shared that they’d “developed LMAX Digital at the request of its existing institutional clients.”
According to LMAX Exchange, it was these extant institutional customers “who desired a credible, efficient and trusted platform on which to trade digital currencies with like-minded institutions.”
With their demands now met, the institutional clientele of the reputable, UK-based exchange provider will now be able to use LMAX Digital to trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH); “the most liquid and established crypto currencies” that are currently available.
These are the five stated “key differentiators of LMAX Digital,” as identified by LMAX Exchange Group in Monday’s announcement:  “trusted, secure trading environment based on LMAX Exchange proven technology,”  “one public rulebook for all members,”  “central limit order book (CLOB) with streaming, firm institutional liquidity,”  “safe and secure hot/warm/cold multi-signature wallets,” and  “full custodian solutions.”
Commenting on the breakthrough news was the chief executive of LMAX Exchange, David Mercer:
The rise of institutional trading of crypto currencies will be a game-changer for the industry. We believe our new exchange will support the transformation of the crypto market from the fringes to the mainstream. Digital currencies are, without a doubt, coming of age.”
Indicative of how confident the ambitious capital markets exchange is with their creation of LMAX Digital, they also stated on Monday that “we intend to roll out LMAX Digital exchange infrastructure in New York and Tokyo in the near future, to meet demand from our clients globally.”
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