175 Cryptocurrency Institutions Have Already Joined the LMAX Digital Bandwagon
Less than a year after launching and LMAX Digital prospects are not looking so bad especially considering they have already registered membership of over 175 companies. The exchange mainly focuses on providing institutions with unfettered access to the larger and mainstream digital assets and cryptocurrency market.
According to a statement from the cryptocurrency exchange that was released last Wednesday, they are presently 175 active companies on the LMAX Digital platform. Among other things, this goes a lot to show that the public appetite for digital assets and cryptocurrencies is on an upward trajectory.
“There is no denying that cryptocurrencies are becoming increasingly accepted and popular,”
says Jenna Wright, LMAX Digital head of operations.
“If anything, in the last alone we have witnessed an unprecedented demand for digital assets from all the across the spectrum particularly from institutional investors. It's just obvious that they trust this platform as a credible and safe way of dabbling in cryptocurrency.'
A year after their launch, LMAX Digital is presently one of the fastest growing facets of the bigger LMAX Exchange Group. Apparently, they had even started churning out profit for the firm by the end of last year. By all standards, this is no easy feat considering the prevailing tough conditions that have swept across the realm of cryptocurrencies and digital assets. And with the tide of the bear market now ebbing out, there's no surprise that the exchange is registering some of its biggest trading volumes yet.
To put this into a better perspective, LMAX digital registered an impressive trading volume of more than $2.2 billion – a personal record to date. So far in May alone, the cryptocurrency firm has reported that they already managed to surpass their $40 million daily volume target limit. What's more, just a year after their launch, the company has already put down is four millionth trade. This is nothing short of impressive.