LMAX Exchange publishes daily turnover on its own cryptocurrency exchange

LMAX Exchange introduces daily turnover statistics on its cryptocurrency exchange (LMAX Digital). In this way, it wants to increase its transparency and attract the attention of new investors. In less than 6 months, the average volume on the platform was $ 250 million per day, and the company expects the upward trend to continue.

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Cryptocurrency exchange from LMAX

In June this year, the cryptocurrency exchange focusing on institutional investors could boast a record turnover of 8,6 USD billion, while 12 may this year. a record daily turnover of USD 400 million was recorded. Certainly, Bitcoin's quotations have a significant impact on average results, but the management of LMAX Digital is enthusiastic about the future and believes in the development of this segment of financial markets.

Jenna Wright, head of LMAX Digital, said:

“We believe that publishing LMAX Digital's trading volumes in the public domain will improve the quality of market information available to investors worldwide and provide a credible overview of the digital spot market.

The decision to start publishing daily amounts is part of our broader strategy regarding the market and trading data. LMAX Digital already provides real-time market data to some of the industry's leading benchmark indicators and is working with other major institutional analytics providers to integrate our real-time volume data stream with these platforms. ”

David Mercer, CEO of LMAX Exchange, comments:

“Giving the investment community access to our trading volume data, in addition to real-time market data, is an important milestone for the industry, and LMAX Digital is proud to lead the way in creating more transparency and showing a clear picture of the true size of the cryptocurrency market for spot trading.

Real-time access to spot trading volume, based on deep institutional liquidity from a regulated spot cryptocurrency exchange, will further improve the quality and accuracy of market information and price discovery. "

Daily volume values ​​and real-time market depth for all cryptocurrency pairs can be checked directly on the LMAX Digital website.

Daily turnover on the LMAX Digital stock exchange. Source: LMAX Exchange