The British company LMAX Exchange Group announced the launch of its cryptocurrency exchange, designed to service institutional investors.
LMAX Digital will be governed by the same rules of the financial supervision authority (FCA) in the UK that is used for the controlled company Forex trading platform LMAX Exchange. This means that the crypto currency exchange should provide the same level of security, conformity, compliance, KYC and AML, as the rules for MTF (Multilateral trading platforms).
The company said that the launch of Digital LMAX at the request of the current customers who have expressed an interest in reliable, efficient and secure platform for kriptologii. The exchange will offer access to trade the most liquid cryptocurrency assets, including BTC, ETH, LTC, XRP and BCH.
“Today, our exchanges sold more than $10 trillion in Fiat money, and we have institutional clients in more than 100 countries. We applied everything we learned on the institutional Forex market by LMAX Digital, to create a significantly enhanced secure digital exchange, based on proven us trading technology, liquidity in the market and a transparent and accurate performance,” said CEO of LMAX Exchange , David Mercer (David Mercer).
After the launch of LMAX Digital in the London data center (LD4), the company also intends in the near future to deploy cryptologie courts in new York and Tokyo.
We will remind, earlier FCA regulated cryptocurrency trading platform Crypto Facilities from London announced the release of Ethereum futures — a financial product, also designed for institutional investors.