British exchange LMAX launches cryptocurrency trading platform

According to the "Financial Times" report on May 21, the British foreign exchange exchange LMAX launched LMAX Digital's cryptocurrency trading platform, announcing its entry into the cryptocurrency market. LMAX will support several of the most common cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash, among others.

According to the "Financial Times" report on May 21, the British foreign exchange exchange LMAX launched LMAX Digital's cryptocurrency trading platform, announcing its entry into the cryptocurrency market. LMAX will support several of the most common cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash, among others.

David Mercer, CEO of LMAX, said in a statement, “We are strengthening the legitimacy of the cryptocurrency market by providing institutions with a platform to securely acquire, trade and hold crypto in a high-quality, liquid manner. Currency.” David also said, “The rise of institutional trading of cryptocurrencies will change the entire industry.”

LMAX is a foreign exchange gold exchange registered in the UK and regulated by the FCA, with an exchange license and a broker license. Having provided fiat currency trading services since its inception in 2010, LMAX plans to strengthen the legitimacy of the cryptocurrency space as institutional interest continues to grow.

According to the report, although LMAX is regulated by the UK Financial Market Conduct Authority (FCA) and is currently limited to London, it may be listed in New York and Tokyo in the future.

Mercer, a human resources management consulting firm, said that "LMAX, like American companies such as Coinbase, the Winklevoss brothers' Gemini exchange, and even Goldman Sachs, is closely watching the large investor market to increase its "mainstream" appeal. "

There are no longer a few companies targeting the institutional investor market. This month alone there are two companies, Coinbase and the trading platform Crypto Facilities.

British cryptocurrency trading platform Crypto Facilities launched the "first regulated" ether (ETH) futures contract earlier this month.

 I am Qi Ming from Odaily, exploring the real blockchain, please add WeChat qingmoruoshui for communication, please note your name, company, and position.