LMAX Digital launches the first institutional cryptocurrency exchange

LMAX, a British Forex / CFD broker, operating under an exchange license and offering trading in the MTF model, is a brand well known to both experienced traders and financial institutions. The unique solutions introduced by the company have undoubtedly contributed to the dynamic development of trading. Now the broker is taking the next step by establishing LMAX Digital, the first institutional cryptocurrency exchange.

LMAX Digital is the future

The founders of the new LMAX work can be considered the institutional broker's clients who have reported the need for this type of service. Over the years, LMAX has gained the recognition of corporate traders around the world, thanks to efficiency and stability, and this is what companies interested in exchanging large amounts of cryptocurrencies have been looking for for a long time.

David Mercer, CEO of LMAX Exchange said:

We support the development of the crypto market through the offer of a platform thanks to which you can enter, trade or hold cryptocurrencies in a safe manner.

At the moment, the British company has introduced the possibility of making transactions only on the 5 most liquid instruments - Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin. But surely, as the market develops, you can expect the list to gradually expand.

The exchange of cryptocurrencies on the LMAX exchange is possible 24 hours a day, 7 days a week with a 5-minute break each day (22:00 - 22:05). With regard to the services provided for the Forex / CFD market, the method of order execution has not changed. Also on LMAX Digital we deal with the MTF model (Multilateral Trading Facility).

Key facts about the execution:

• The delay in matching the offer below 350 ms,
• High throughput> 100 commands per second,
• Excellent execution efficiency: uptime - 100%,
• All orders are executed in milliseconds.

Be sure to read: MTF Stock Model

Cryptocurrency revolution?

Thanks to high safety standards (FCA license, well-established position on the market), and execution of orders (order book, low execution time), LMAX Digital can quickly grow into a leader in the category of cryptoclicky exchanges.

David Mercer adds:

We are completely ready to fill the cryptocurrency exchange market gap with institutional market depth. The growing interest in institutional cryptocurrency trading will be a breakthrough for the industry. We believe our new exchange will support the transformation of the crypto market from fringe to mainstream. Digital currencies are undoubtedly maturing. Exchanges will play a key role in bringing the major cryptocurrencies into wider circulation, helping them to be accepted into conventional funds, which in turn will help promote normalization of value.

LMAX Digital offer brochure (PDF)