Press release
LMAX Digital celebrates third anniversary
London, 24 May 2021 – LMAX Digital, the leading institutional spot cryptocurrency exchange and part of LMAX Group, celebrates its third anniversary. Launched in 2018, LMAX Digital has been at the forefront of crypto currencies moving mainstream. In just three years LMAX Digital has established itself as the second largest bitcoin exchange.
Highlights include:
- • $400 billion of cryptocurrencies traded since launch, a tenfold increase since launch
- • 450 institutional investors now trading on LMAX Digital globally (US, Europe, Asia)
- • 200 institutional investors onboarded in 2021 alone, reflecting surging interest
- • Record daily volume of $6.6 billion registered on 19 May 2021
- • $2.5 billion Average Daily Volumes (ADV); 10x growth (May’21 vs May’20)
David Mercer, CEO of LMAX Group, commented:
“We’re very proud of the progress we have achieved at LMAX Digital in these three formative years. The rapid rise of cryptocurrencies has been well documented, so we’re thrilled to have established LMAX Digital as the primary price discovery venue within the industry. Our products and services continue to quickly adapt to meet the needs of our fast-growing institutional client base. Our leading technology has proved resilient, robust and ready to cope with surging volumes across the industry, which hit a record high of $6.6 billion on 19 May 2021. We believe this is just the beginning of the mainstreaming of cryptocurrencies. We expect much broader adoption by institutional investors which will drive a greater sophistication of products required. At LMAX Digital we are determined to stay at the very forefront of innovation and technological development to serve the rapidly evolving needs of our institutional clients”
Jenna Wright, Managing Director, LMAX Digital, commented:
“We are delighted to have more than doubled the number of clients in the last twelve months. Institutional interest has been extraordinary, which is a testament to the quality of our technology and the unique benefits clients get from the wider LMAX Group, including longstanding Liquidity Provider relationships, infrastructure, connectivity and access to FX trading.”
For further information, please contact:
LMAX Group press office: +44 (0)20 3192 2510 or [email protected]
FTI Consulting: [email protected]
volumes