LMAX Digital, a pioneer in the institutional adoption of cryptos and an integral part of the LMAX Group, is celebrating its fifth year of operation. Since its launch in 2018, LMAX Digital has set new standards in the digital assets ecosystem and emerged as the fastest-growing exchange within the LMAX Group, trading $1 trillion in cryptos.

LMAX Digital Summarizes Five Years Crypto Journey

In its five-year journey, LMAX Digital has not only reached an impressive milestone in trading volumes but has facilitated more than 190 million trades, with over 37 million Bitcoin equivalent coins. LMAX Digital boasts a diverse client base with 750 global investors on board and offers 24 cryptocurrency pairs to its institutional clients.

"We’re delighted to be marking five years of success at LMAX Digital,” David Mercer, the CEO of LMAX Group, commented. “We have no doubt that the future of all traditional assets and capital markets more broadly is digital." Mercer anticipates dynamic growth for digital assets as regulatory frameworks get established worldwide, which he believes will open gateways to institutional capital.

According to LMAX Group’s most recent financial report from November 2022, LMAX Digital volumes reached over $500 billion during its fiscal year 2021. In May this year, the company partnered with Zodia Custody, providing institutional-grade trading infrastructure to CoinShares, one of the leading European alternative asset managers specializing in cryptocurrencies.

LMAX Digital Connects TradFi and DeFi

Jenna Wright, the Managing Director of LMAX Digital, emphasized the platform's unique position in being able to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi).

Wright stated: “With our history in FX, we’re unique in being translators of TradFi to DeFi through our cryptocurrency offering. This has proven to be immensely valuable for institutions in helping to unlock capital and explore greater electronification, democratization and efficiency in the capital markets of the future."

Initially created for institutional market participants, LMAX Digital has secured its place as the leading institutional spot exchange for cryptocurrencies. It works with the most significant global institutions trading cryptocurrencies across Asia, Europe and the United States.

LMAX Group, the operator of multiple institutional execution venues for forex, launched the first institutional crypto exchange in May 2018. The exchange launched during a period when the Bitcoin market was experiencing a significant downtrend, and regulated crypto derivatives were merely emerging. However, five years on, the decision has proven to be a success, considering the industry's evolution.