Genesis Markets Crypto Broker & LMAX Exchange Partner for Institutional Investors
Genesis Markets Partner with LMAX to Appeal Offering for Institutional Players
The results of the new partnership are promised to be next to invisible to the end user according to developers at Genesis. The new arm of Genesis Vision, specializing in brokerage, has officially joined forces with the institutional cryptocurrency exchange LMAX Digital, operated fundamentally by the UK FX Trading Venue LMAX Exchange.
The new partnership will be used to give clients on the market fully access to LMAX Digital, with their institutional grade liquidity and exchange like execution on transfers. To put it simply, matching buyers with the sellers in an execution venue with anonymity is the primary goal of LMAX Digital. It will offer users the ability to see prices with total transparency in a hassle-free environment where transfers are free to execute. The platform is designed to work with big name coins like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.
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The company functions under similar rules of governance to those of the larger FCA-regulated multilateral facility known as the MTF. It is a functionally based on the same venues already in use stack. Essentially, the system gives users the ability to trade virtual assets at the request of the existing client base.
Interestingly enough, Genesis Markets is looked at as one of the better markets, making this partnership ideal for everyone, especially since it is invisible to the end user. The company explains in greater detail that a normal client for retail will likely never see the lack of liquidity on something like the Binance platform. But LMAX’s Liquidity puts Binances liquidity to shame apparently, making the Genesis Markets some of the most lucrative there are for funds as well as cryptocurrency sharks alike.
To describe it in another way, the collaboration of LMAX not only improves liquidity for retail clients who get involved, but also targets big players as the primary, ones who were hesitant in the past to make transactions using the new assets which makes it difficult to hold or secure them.
It basically explains why the custodian services for clients on LMAX Cryptocurrency exchange appreciate it, it solves one of the problems that has held back the platform, thereby stopping institutional investors from using it in the past. Now it is the ideal platform for all parties involved in the virtual class of currency.
Along with the already mentioned benefits, the new partnership opens several doors for fiat deposits needing to be made – along with withdrawals for GM Clients, the feature is still in the works, however. LMAX Digital gives instant access to people on the exchange, making it possible for them to exchange cryptocurrency for fiat money and vise versa on the platform.
With such a good reputation and legit powerhouse on the side of GM, they are operating with maximum levels of confidence. GM aggregates their liquidity from several sources to give clients deeper boos. As of now, the firm’s system is linked to Binance, but there are said to be several negotiations occurring with other exchanges looking to join the sway.