LMAX Digital Marks Its Fifth Anniversary With $1 Trillion Worth Of Crypto Volumes

LMAX Digital, which is one of the earliest firms that fostered the institutional adoption of cryptocurrencies, is marking its fifth year in operation. LMAX Digital is a part of the LMAX Group, and since its launch, it has set up new standards for the digital assets space.

LMAX Digital hits $1 trillion in crypto volumes

LMAX Digital is now one of the fastest-growing cryptocurrency exchanges within the LMAX Group, having traded $1 trillion worth of crypto since its launch. During the five years that it has been in operation, LMAX Digital has boasted a vast clientele base, including 750 global investors.

Besides hitting a milestone in trading volumes, other key areas of this company have also seen rapid growth. The exchange has facilitated over 190 million trades, and it holds more than 37 million Bitcoin equivalent coins. The institutional clients that the platform serves can trade 24 cryptocurrency trading pairs on the platform.

The CEO of LMAX Group, David Mercer, remarked on the milestones that the company has achieved in the last five years, saying that there was no doubt that the future of capital markets and traditional assets was now digital.

“We’re delighted to be marking five years of success at LMAX Digital. We have no doubt that the future of all traditional assets and capital markets more broadly is digital,” Mercer said. The executive also noted that the company expected to see dynamic growth across digital assets as the global regulatory framework becomes more established globally. He noted that the growth of the sector would create a gateway to more institutional capital.

The company is also growing its footprint in the crypto industry. In May this year, it announced a partnership with Zodia Custody. The partnership focuses on offering institutional-grade trading infrastructure to CoinShares. The latter is among the leading alternative asset managers on Euro[e dealing in cryptocurrencies.

LMAX Digital connects DeFi and TradFi

LMAX Digital targets institutional clients that want exposure to digital assets. According to the Managing Director of LMAX Digital, Jenna Wright, the platform was in a unique position to bridge the gap between decentralized finance and traditional finance.

Wright further said that the company’s history in the FX industry made it uniquely positioned, and it was also value-additional to institutions that want to unlock capital and explore more electronification, democratization, and efficiency in the capital markets.

LMAX Digital is a platform that was originally created to target institutional market participants. The platform has now secured its space in the sector, and it has become a leading platform used to facilitate spot transactions for cryptocurrencies. The exchange works with some of the largest global institutions in the United States, Europe, and Asia.

The group was launched at a time when the Bitcoin market experienced a significant downturn and when regulated crypto derivatives were emerging in the market. However, after five years, this move has become a massive success, given the growth that the crypto industry has witnessed.