THELOGICALINDIAN - UK banking belvedere LMAX has aback entered cryptocurrency with the barrage of a new barter alone for institutional investors
According to a press release May 21, eight-year-old LMAX, which is adapted by the UK’s Financial Conduct Authority (FCA), is gluttonous to “further legitimize” cryptocurrency’s acceptability in acceptable advance circles.
“The acceleration of institutional trading of cryptocurrencies will be a game-changer for the industry… Digital currencies are, after a doubt, advancing of age,” CEO David Mercer commented in the release.
The LMAX Digital belvedere joins a abiding beck of absorption in application the all-embracing investments space, with US efforts able-bodied underway in the anatomy of the Winklevoss twins’ Gemini and, added conspicuously, Goldman Sachs’ Bitcoin futures plans beforehand this month.
In the UK, adolescent trading belvedere eToro aftermost anniversary announced it would admission its own cryptocurrency barter alms in the US, forth with a adaptable app which could accept an antecedent user abject of up to nine million.
A added absolution from London-based Coin Facilities saw Ethereum futures go live beforehand this month, admiral anecdotic them as the “world’s first” on the market.
Mercer meanwhile added that LMAX’s alms could anon additionally access the US market, forth with debuting in Japan.
“We are furthering the legitimisation of the crypto bill bazaar by alms institutions a belvedere on which to acquire, barter and authority crypto currencies deeply with aerial quality, abysmal liquidity,” he added.
What do you anticipate about LMAX’s cryptocurrency exchange? Let us apperceive in the comments area below!
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