LMAX Exchange Group announced the launch of LMAX Digital, the first cryptocurrency exchange for institutional investors, Finance Magnates reports.
“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,” David Mercer, LMAX Exchange’s CEO, said in a statement.
“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,” David Mercer, LMAX Exchange’s CEO, said in a statement.
LMAX Digital users will have access to five cryptocurrencies: Bitcoin (EXANTE: Bitcoin), Bitcoin Cash (EXANTE: Bitcoin.Cash), Ethereum (ETH/USD), Litecoin (LTC/USD) and Ripple (XRP/USD).
The five options offered are the most popular currencies on the market, providing a high level of liquidity. The new exchange will conduct its operations from London, where the LMAX data center is located. The company also has plans to open representative offices in Tokyo and New York.
LMAX Digital is the only digital currency exchange created for institutional investors, offering its customers a number of benefits. The firm provides one public rulebook for all members, as well as safe and secure hot, warm and cold storage solutions.
By Ekaterina Ulyanova