LMAX Digital, an institutional spot crypto currency exchange and part of the LMAX Group, announced on Monday that it has traded $400 billion worth of crypto currencies during its first three years of operation.
In just three years since launch, LMAX Digital has established itself as the second largest bitcoin exchange.
According to the official press release, the crypto exchange onboarded 200 institutional investors this year. Record daily volume of $6.6 billion registered on 19 May 2021.
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.”