LMAX Crypto Volumes Hit $85 billion
LMAX Digital, the institutional spot crypto currency exchange, has traded $85 billion worth of crypto currencies during its first two years of operation. Of that, $75 billion was traded over the past year, as the platform became more established and markets more volatile.
"In Q1 2020, we saw an increase of 41% in quarterly trading volumes, reaching $20 billion, on the back of our organic growth and broader market volatility. During the periods of recent volatility, we have continued to offer consistent, deep liquidity and robust execution to our clients," said David Mercer, CEO of LMAX Group. "We have been impressed by the resilience of crypto currencies, particularly Bitcoin, and note that they have been relatively stable compared to other asset classes which have enjoyed central bank intervention and still shown extreme levels of instability."
"Today, LMAX Digital serves over 170 clients globally, providing robust, secure trading infrastructure and access to consistent, deep institutional liquidity. LMAX Digital provides its daily volumes and market data through some of the leading institutional analytics platforms and major crypto reference indices," said Jenna Wright, Managing Director of LMAX Digital.