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Fiat Exchange In UK Launches Cryptocurrency Exchange


Fiat Exchange – Cryptocurrency Exchange

LMAX Exchange, the UK foreign exchange platform has ventured into the cryptocurrency market and is aiming to use its reputation to lure banks and institutional investors looking at the sector. LMAX has launched the first physical crypto currency exchange dedicated to serving only institutional clients.

“We are furthering the legitimisation of the crypto currency market by offering institutions a platform on which to acquire, trade and hold crypto currencies securely with high quality, deep liquidity,” said David Mercer, CEO of LMAX Exchange.   “We are perfectly positioned to address the gap in the market for a robust physical crypto currency exchange operating with institutional liquidity,” Mercer continued.

Only the most liquid and established crypto currencies are offered through LMAX Digital: Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. Trading is available 24 hours a day, seven days a week, and governed by similar rules and principles as LMAX Exchange’s FCA regulated MTF (Multilateral Trading Facility) “The rise of institutional trading of cryptocurrencies will be a game-changer for the industry,” he continued.

Regulated by UK regulator the Financial Conduct Authority (FCA), LMAX could also debut in New York and Tokyo in future, reports claim, while at first being tied to London.

About the LMAX Exchange Group

LMAX Exchange Group is a global, high-growth financial technology company that is leading the transformation of the global FX industry to transparent, fair, precise and consistent execution. Operating global exchanges for trading FX, metals, indices, commodities and crypto currencies, LMAX Exchange Group delivers open access, transparency and level playing field to all market participants.

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