Advertisement
AD

Main navigation

Top UK Exchange LMAX Launches Cryptocurrency Trading

Advertisement
Tue, 22/05/2018 - 11:15
Top UK Exchange LMAX Launches Cryptocurrency Trading
The cover image and all the rights belong to the client ordering given press release
Read U.TODAY on
Google News

UK-based LMAX Exchange Group (LMAX Exchange) is launching a cryptocurrency platform LMAX Digital for institutional clients.

The company said that it launched LMAX Digital because clients wanted access to Bitcoin and other cryptocurrencies. Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash are now available to trade on the exchange 24 hours a day, seven days a week.

LMAX digital is governed by the same rules as the exchange’s Multilateral Trading Facility which is fully compliant with the Financial Conduct Authority (FCA), a SEC-like regulator for UK-based firms, the company says.  

David Mercer, CEO of LMAX Exchange, says:

Advertisement



“The rise of institutional trading of cryptocurrencies will be a game-changer for the industry. Digital currencies are, without a doubt, coming of age. Exchanges will play a crucial role in bringing the major cryptocurrencies into wider circulation, helping them to become accepted into general funds which in turn will help to support a normalization of value.”


card

LMAX Digital was developed using knowledge from the company’s institutional expertise in the FX market and will include a streaming central limit order book, hot/cold multi-signature wallets, full custodian solutions and orders that are time-stamped in microseconds, the exchange says.

David Mercer adds:



“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.”



The company also has plans to roll out of the LMAX Digital exchange infrastructure in New York and Tokyo soon.

Company details

Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD