LMAX Digital Surpasses 3 Million Trades Since Opening In May 2018
LMAX Digital Has Finished Over 3 Million Trades Since Its Launch
The space of institutional crypto trading continues to grow. LMAX Digital, an institutional crypto exchange, has recently affirmed that it has passed the mark of 3 million trades on its platform so far. The company was founded in May 2018 and it was has been growing a lot since then.
According to the company’s own reports, the gross revenue growth of LMAX Digital per quarter is around 130% and the trading volumes have been growing 126% per quarter as well.
This mostly due to the success of the exchange in attracting a high number of clients. When the year began, LMAX Digital had a total of 138 institutional clients.
Getting The Trust Of Investors
The main reason why the company was able to get such a quick success is mainly that it is regulated and was able to get the trust of several institutional investors.
LMAX Digital is officially based in Gibraltar and it is regulated by the local Financial Services Commission (FSC). The company was recently able to receive an official license to operate in the country.
At the moment, the company offers physical products and custodial services for digital assets like Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Litecoin (LTC) and Bitcoin Cash (BCH). Two new pairs were added very recently: BTC/JPY and ETH/BTC, meaning that now the customers can trade the two top assets of the crypto market between each other.
The next step for the evolution of LMAX Digital in its road to get the trust of the investors is to secure the Distributed Ledger Technology Provider license with the country’s regulator, which will improve the image of the company and allow it to offer more services.